Citigroup Completes Automated Trading Acquisition

Citigroup Inc. has completed its acquisition of Automated Trading Desk LLC, a Mount Pleasant, S.C.-based developer of automated trading and customized equity execution solutions. When the deal was announced back in July, Citigroup had said that it was worth around $680 million in cash and stock ($102.6m cash, 11.17m Citigroup shares). That figure later dropped to $637 million, due to a decrease in Citigroup's share price. ATD had raised $60 million in equity earlier this year from Technology Crossover Ventures.