Citi closes market making business in retail options: FT

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The bank closed the business at the start of last month, the FT said, adding that Citi maintained its market making operations for institutional investors and high-net-worth customers.

Citi pulled out as it was unable to compete in a technology arms race to be among the fastest and most reliable venues on Wall Street, according to the report.

Citi did not immediately respond to a Reuters request for comment.