Ken Griffin's Citadel is focusing on user interface and experience

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Meet Citadel X: The team of engineers at Ken Griffin's $57 billion hedge fund giving it a competitive edge by streamlining and designing its tools

Ken Griffin, the founder and CEO of Citadel.This story is available exclusively to Insider subscribers.Citadel X is a team of about 20 engineers that leads user-interface design on the fund's tech tools.Citadel X leader Kristofer Baxter walked Insider through the future of UI at Citadel.

Baxter leads a group of around 20 engineers known as the Citadel X team, which is responsible for the hedge fund's user interface and user experience across its tech stack. While Citadel X's work might seem like it falls under the radar, it's proved critical as the hedge fund's employees need more complex and customized tooling and analysis to edge out the competition. Citadel X initially served more as a SWAT team when it was first formed in 2020. The group would be called in to assist other engineering groups with a range of back- and front-end challenges.

As a result, McKay's team can focus on building for the business-specific needs of the equities front office, leaving Citadel X to handle everything from how the tool is eventually distributed to the typical maintenance of the code, McKay said. To be sure, Excel is not going anywhere. Like cash and checks in a digital-first world, traders, investors, and bankers still depend on Excel. But it's becoming increasingly clear there are other, potentially better, means to an end.

"There's a ton of information, there's almost an information overload. It's interesting to try and balance that: to make something that's very clear to the target audience, but also make sure that when they need to do something, it's not going to cause a possible mistake," Surick said. These days, much of the work the Citadel X team is doing is focused on inter-app communication, or the way that different tools work together.

 

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