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Market-making giant Citadel Securities is rebuilding the tech that powers its trades as it eyes growth

Citadel Securities’ Jeff Maurone with his team members in his New York office.

Each business or function has a COO backed by a team of product managers who partner closely with their business head. The operation is overseen by firmwide COO Matt Culek, who works closely with CEO Peng Zhao and President Jim Esposito on the firm’s most challenging issues.

Maurone’s team supports Citadel Securities’ technology organization, and he manages a team of 15 people. They set metrics, ensure engineers meet their delivery goals, and integrate customer feedback.

Maurone, the first person with a product-management hired within the technology organization at Citadel Securities five years ago, has been slowly building out this team of product managers.

“Quite often, people in Jeff’s org are thinking about the fundamental business problem we have,” said Woods.

“They have a lot of impact and have on multiple occasions reshaped what we end up building, which is very different than what you’d get if somebody was just looking at the requirements,” and following orders, Woods said.

Read the original article on Business Insider

https://www.businessinsider.com/inside-citadel-securities-multi-year-rebuild-trading-technology-2024-10