Robinhood’s director of product management for brokerage API has jumped to Citadel, taking on the head of equities engineering title.
Citadel Securities has a close relationship with Robinhood, paying $191 million per quarter for equities and options order flow, according to regulatory filings.
READ MORE: Citadel Securities paid US$943m for retail US equity, options order flow in nine months
John Fawcett replaces Juan Leon, who left the company in June 2024 to operate boutique consultancy firm LightWake.
Citadel confirmed, but declined to comment further, on the appointment. Last September, it also hired William Pan as an engineering lead for the equity business.
Fawcett has more than 25 years of industry experience, and has been at Robinhood since 2020 covering brokerage data products and leading the trading platform and clearing product management team.
Earlier in his career, he founded investment algorithm development platform Quantopian and research management solution provider Tamale Software, which was acquired by SS&C Advent in 2008.
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