Bloomberg - Citadel Investment Group LLC, the hedge fund manager founded by Kenneth Griffin, will close down its Tokyo office and Asian principal investments operations, cutting more than half of jobs in the region. Citadel will run its remaining...
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A Principal Transaction is a transaction in which a broker/dealer buys or sells a security from his/her own account.
Commissions are not charged for principal transactions. However, the cost of the investment is marked up or down before it is sold to or bought from the customer's account.