Castle Securities Expands U.S. Stock Trading Services for Asian Clients

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Investing.com – According to market sources, Citadel Securities LLC is expanding its Asian operations, planning to offer block trading services for U.S. stocks to clients in the region.

This market maker, owned by Ken Griffin, will provide so-called “high-touch” trading services, specifically handling larger trades that typically require manual intervention to reduce market impact. This marks a new step beyond the company’s core algorithmic trading business.

The expansion is driven by the growing interest of Asian investors in U.S. stock trading, especially the increased focus on chip stocks. Currently, many Asian investors have to stay up until midnight to track price movements in the New York market.

For Asian traders, the time zone difference presents unique opportunities. Most U.S. stocks listed under the Philadelphia Semiconductor Index, including Intel Corporation (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD), usually release earnings reports after the close of the New York trading session at 4:00 p.m. local time, corresponding to 4:00 a.m. Hong Kong time and 5:00 a.m. Tokyo time, with investor conference calls generally held within the following hour.

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Currently, few domestic Asian brokerages have sufficient U.S. operations scale to effectively provide such liquidity services. Citadel Securities’ deep roots in the U.S. market give it the ability to fill this gap and support clients interested in trading U.S. stocks during Asian trading hours.

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