Citadel Securities Breaks Into German Debt Market in Europe Push

The market-making powerhouse Citadel Securities LLC is planning to become a direct buyer of German debt as part of its push to expand across Europe.

The German finance agency on Wednesday added Citadel Securities to its bund issues auction group, whose members are authorized to participate in primary auctions of German debt, the ministry said on a conference call with journalists.

It’s the latest sign that Citadel Securities is looking to muscle in on more of Wall Street’s trading activity and take on the work traditionally done by the biggest banks around the globe.

Citadel Securities is not likely ...