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Citadel Securities Will Engage In Crypto This Year: Ken Griffin
Wednesday, March 2, 2022 - 10:58am | 375Read More...Kenneth Griffin, the founder and CEO of the hedge fund Citadel and founder of the market maker Citadel Securities, says the latter firm is likely to move into market making for cryptocurrencies this year. What Happened: Griffin said in an interview with Bloomberg he was wrong about...
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David Vs. Goliath Fight Spills From GameStop To The US Constitution
Wednesday, November 24, 2021 - 6:19pm | 802Read More...A stock market David vs. Goliath story occurred in 2021 with retail investors facing off against hedge funds. The battle saw rising valuation of stocks that included GameStop Corp (NYSE: GME) and AMC Entertainment (NYSE: AMC) and a battle of short sellers. The David vs. Goliath battle has now...
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Which Cryptocurrencies Is Interactive Brokers Group Listing?
Monday, October 18, 2021 - 5:44pm | 382Read More...Interactive Brokers Group, Inc. (NASDAQ: IBKR) launched a cryptocurrency trading service for local registered investment advisors to trade and custody cryptocurrencies. What Happened: According to a Monday announcement, Interactive Brokers Group will allow registered investment advisors to trade...
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#CitadelScandal Trends As New Lawsuit Alleges Meme Stock Conspiracy
Friday, October 1, 2021 - 11:20am | 558Read More...The hashtag #CitadelScandal trended on Twitter on Thursday and Friday after a new class action lawsuit alleged that trading app Robinhood Markets Inc (NASDAQ: HOOD) and market maker Citadel Securities conspired to drive down the price of GameStop Corp. (NYSE: GME), AMC Entertainment Holdings Inc (...
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Citadel Securities Responds To Allegations Flying On Social Media, Says Griffin Has 'NEVER' Met Or Spoken With Robinhood's Tenev
Monday, September 27, 2021 - 10:59pm | 894Read More...Market maker Citadel Securities said Monday that it did not ask Robinhood Markets Inc (NASDAQ: HOOD) to restrict or limit trading activity at the peak of the GameStop Corp (NYSE: GME) short squeeze saga. What Happened: Citadel Securities posted a series of tweets Monday to defend itself and...
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Fintech Focus For August 16, 2021
Sunday, August 15, 2021 - 1:12pm | 2685Read More...Quote To Start The Day: “The way that I manage risk has changed materially. I try as often as I can to think about multi-decade holding periods for the things that we own. In the moment, it is hard, but then you figure out guardrails to stay in an infinite mindset. If I’m thinking over...
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Fintech Focus For May 10, 2021
Sunday, May 9, 2021 - 3:06pm | 1537Read More...Quote To Start The Day: “The world is a book and those who do not travel read only one page.” Source: St. Augustine One Big Thing In Fintech: While recent information could indicate that some of the most lucrative trading activity at companies like Robinhood could be slowing, there...
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Fintech Focus For April 5, 2021
Sunday, April 4, 2021 - 9:35pm | 2002Read More...Quote To Start The Day: If you really look closely, most overnight successes took a long time. Source: Steve Jobs One Big Thing In Fintech: JPMorgan issued a note Thursday that bitcoin could fetch a long-term price of $130,000 if its volatility continues to decline. Source: Coindesk Other Key...
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Fintech Focus For March 31, 2021
Tuesday, March 30, 2021 - 5:35pm | 2414Read More...Quote To Start The Day: Making renewable energy from solar isn’t that complicated anymore. Source: Greg Barron-Gafford One Big Thing In Fintech: The technology needed to support ETF trading has advanced considerably in the last decade. In the past it was necessary to build in-house, but now...
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Fintech Focus For February 22, 2021
Sunday, February 21, 2021 - 3:15pm | 2088Read More...Quote To Start The Day: “I think we’ve positioned ourselves as the finance super app because I don’t think people want to go to four, five, and six different solutions to manage their money,” M1 Finance marketing vice president Bob Armour said. “We’re a place...
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Market Experts React To GameStop Hearing: 'Congress Needed To Dig Deeper'
Friday, February 19, 2021 - 4:50pm | 607Read More...The CEOs of Reddit, Robinhood, Citadel Securities and Melvin Capital testified in front of the House Financial Services Committee on Thursday as part of a Congressional inquiry into extreme volatility in GameStop — and Robinhood’s decision to temporarily limit buying of so-called...
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GameStop Congressional Hearing: Robinhood, Citadel Deny Collusion In Prepared Remarks
Thursday, February 18, 2021 - 11:30am | 759Read More...On Thursday, a Congressional committee will attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently experienced extreme surges in volatility. The House...
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Congressional Hearing On GameStop Ahead: What Investors Need To Know
Wednesday, February 17, 2021 - 4:44pm | 637Read More...On Thursday, Congress is taking its first crack at sorting through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and high-flying stocks like GameStop Corp. (NYSE: GME). What Happened? The House Financial Services Committee...
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'This Is Not The Market Participant's Problem': Volatility Arbitrage Trader Talks GameStop, Market Microstructure, Regulation
Monday, February 1, 2021 - 6:13pm | 1560Read More...In 2019, former financial professional Keith Gill, who goes by “Roaring Kitty” on Reddit, began a movement that pushed GameStop Corporation’s (NYSE: GME) stock price as high as $513.12 in premarket trade Jan. 28, after which numerous brokers made the controversial decision to...
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Fintech Focus For January 26, 2021
Monday, January 25, 2021 - 7:54pm | 2086Read More...Quote To Start The Day: The greatest wealth is to live content with little. Source: Plato One Big Thing In Fintech: In financial services, the concept of “know your customer” (KYC) is at the heart of establishing trusted relationships with clientele and strategic partners, while...
