2nd Ex-Citadel Employee Pleads Guilty, Faces 20 Years

[newwurldmn]

So according to the wiki, https://en.wikipedia.org/wiki/Citadel_LLC, they got 35B of AUM. Their revenue was allegedly 6.7B in 2020, according to https://www.bloomberg.com/news/arti...s-reaps-record-6-7-billion-year-on-volatility.

With that, their implied trading performance was about 19.1% in 2020. I think it's fair to say most of us here had outperformed that, probably by a wide margin. So what's so special about their "secret strategy"? Maybe it's just a special execution thing to improve scalability.

scalabilty is a huge deal especially when your goal is to be absolute return.

Risk management is another.

 

[Rickshaw Man]

So, would anyone like to elaborate on this secret trading steategy?

Sure, buy stock index futures at the U.S. cash close. Hold overnight, sell into the drift higher. Happens just about every night. Lately, there has been a rush to get in 20-30 before the cash markets close. Exiting has become a little harder to time. But it's still the most constant strategy.

 

[tayte]

scalabilty is a huge deal especially when your goal is to be absolute return.

Risk management is another.

yeah that makes sense.