Wintermute Lands US Broker License and a 5-Year Plan to Rival Citadel
Wintermutes US arm has registered as a broker-dealer and already signed exchange-traded fund (ETF) issuers as clients, the Wall Street Journal reported. The registration clears Wintermute USA to register as a market maker on American stock exchanges. Chief Executive Evgeny Gaevoy said the firm wants to compete with Jump Trading, Jane Street and Citadel Securities within three to five years. Good morning, USA ???????? Follow us on X to get the latest news as it happens Sponsored Sponsored What the Wintermute Broker License Changes One list frames the whole move. BlackRocks iShares Bitcoin Trust held $43.2 billion at the end of June. A dozen firms are cleared to create and redeem its shares, the job that keeps an ETF trading close to the value of what it holds. Not one of them is a crypto company. The funds latest prospectus names Jane Street, Citadel Securities, Virtu Americas, Goldman Sachs and JPMorgan among them. That is the gap Wintermute is stepping into. It says it quotes prices across more than 60 venues, yet it could not touch the plumbing of cryptos own flagship product. The job needs a broker-dealer license. Now it has one. It also has customers waiting, according to the Journal. Registration does not make Wintermute a Wall Street firm









