Citadel not interested in E*Trade's G1X unit

|By:, SA News Editor

Chicago-based hedge fund operator Citadel is reportedly not bidding for E*Trade Financial's (ETFC) G1 Execution Services (G1X) market-making unit.

Citadel had been one of the potential suitors for G1X, which E*Trade said in July it was looking to sell. Citadel operates its own bigger market-making business.