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Citadel drops out of bidding for E*Trade unit

E*Trade has said it wants to sell its G1X market making unit by the end of this year

Citadel isn't bidding for a trading operation owned by E*Trade Financial according to people close to the talks.

Citadel, the Chicago-based hedge fund operator and trading giant, had been among the potential buyers for the ETrade unit, called G1 Execution Services or G1X. ETrade announced in July that it planned to sell GX1.

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