U.S. regulators on Friday suspended their consideration of an application from E*Trade Financial (ETFC.O) that would have resulted in routing more of the online broker's trades through Citadel Investment Group's market-making operation.
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E*Trade struck a tentative deal in June that would require the online broker to begin routing 97.5 percent of its customers' Nasdaq stock and stock option trades to the hedge fund's market-making operation.
E*Trade sends about 40 percent of its customer trades to Citadel's market-making operation under a nearly 2-year-old agreement. That agreement coincided with the hedge fund's initial $2.5 billion investment in E*Trade.
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