Monday, July 2, 2007

Citigroup buys Automated Trading Desk

(Reuters) - The largest U.S. bank will pay $102.6 million in cash and issue about 11.17 million shares.




Founded in 1988, Automated Trading Desk has about 120 broker-dealer customers and trades, on average, more than 200 million shares daily, or 6 percent of the volume on both the New York Stock Exchange and Nasdaq.


Read more at Reuters.com Mergers News

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