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Trading Executive Shane Swanson Rejoins Citigroup

Shane Swanson, an executive who helped build Citigroup Inc.'s (C) equity-trading business before starting a high-frequency trading firm, has rejoined the bank.Mr. Swanson returned to Citigroup April 29 as president of its Automated Trading Desk unit, which trades shares with online brokerages, according to an internal bank memo reviewed by Dow Jones.Mr. Swanson, along with his brother Steve and Peter Kent, previously headed up the ATD unit that was purchased by Citigroup in 2007 for $680 million, becoming a foundation for the bank's broader push into electronic trading.The trio departed the bank in 2010 to launch Eladian Partners LLC, among a wave of automated trading houses run by former exchange bosses and floor traders. Eladian closed last October, seen as a casualty of a slump in stock and derivatives trading activity on U.S. exchanges that has dragged on for several years.Before leaving Citigroup, Mr. Swanson had been director of compliance and general counsel for the ATD unit. Re...

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