Citadel Securities, the global leader in equities market making, and Wolfe Research, the premier, scaled independent equity research platform, today announced a strategic partnership that will combine each firm's strengths to transform equity trading for institutional clients.
New client offering will combine Citadel Securities' deep liquidity, seamless execution with Wolfe's best-in-class research.
Through this new venture, Wolfe's clients will have access to Citadel Securities' seamless execution experience, deep liquidity and competitive pricing. Citadel Securities' clients will gain access to Wolfe's best-in-class research, including timely, rigorous, and unconflicted insights from the most thoughtful analysts across the industry. This agreement will create a new execution services model for Wolfe.
Citadel Securities has also made a minority investment in Wolfe that will create long-term alignment and support a seamless offering for current and new clients.
We have been rapidly expanding the depth and breadth of our client franchise to deliver a highly differentiated offering to institutional investors, and our partnership with Wolfe represents a significant step forward in that effort. Ed and his team have built an exceptional franchise, with a well-earned reputation for rigorous research, differentiated public and private company access, and deep domain expertise.
Clients continue to seek a simpler way to seamlessly access and pay for Wolfe's differentiated fundamental equity, quantitative, and macro research services—they can now do so through Citadel Securities' industry-leading execution platform.
Citadel Securities has an exceptional track record of leveraging differentiated data and technology and driving excellence through a relentless focus on improvement, efficiency and empathy for their clients.
Morgan Stanley & Co. LLC served as financial advisor to Citadel Securities, and Sullivan & Cromwell LLP served as legal advisor to Citadel Securities. Paul Hastings LLP served as legal advisor to Wolfe.
About Citadel Securities
Citadel Securities is a next-generation global market maker. We serve institutional and retail investors who require world-class liquidity, competitive pricing, and seamless front-to-back execution to transact in a broad array of financial products. We harness leading-edge quantitative research and the accelerating power of machine learning to power our analytics and provide clients with an efficient and reliable trading experience.
About Wolfe
Since Wolfe Research, LLC's founding in 2008, our mission has been to deliver best-in-class research and service providing timely, rigorous, and unconflicted insights from the most differentiated, thoughtful and driven Analysts on the Street. Today, Wolfe is widely recognized as the premier, scaled independent equity research platform. In 2025, Wolfe ranked #6 in the prestigious Extel All-America Research Poll.
