Citadel Securities posts record $4.3bn in trading revenues on Iran volatility

Citadel Securities, a market maker, reported a record $4.3bn in trading revenues in the first quarter, driven by volatility in oil prices and Treasury rates. The company earned $1.9bn in net income, with its trading revenues increasing by 50% compared to the same period last year. The surge in revenues was attributed to the company's ability to navigate the market's volatility, particularly in the energy and fixed income sectors.