How Ken Griffin’s Citadel transformed financial markets

[ajacobson]

https://qz-com.cdn.ampproject.org/c...ns-citadel-transformed-financial-markets/amp/

 

[Saltynuts]

Baller.

 

[Cuddles]

PR handjob after GME fiasco?

 

[cruisecontrol]

“The way to think about Citadel is as the Amazon of trading,” says Spencer Mindlin, a capital markets technology analyst at Aite Group. In an industry that relies heavily on technology, Citadel has forged ahead by playing “a game of scale. You reach a point where it’s impossible for others to compete,” he says.

But if new rules come out of the GameStop debacle, history suggests that Griffin will find a way to capitalize on them. “I love competition,” he told an investing conference in 2018. In his view, competition is what should drive economic policy changes, in order to promote innovation and drive a better deal for customers. Those kinds of changes are “what we should aspire to create when we think of architecting our economy,” he continued.

Spot the contradiction. Griffin loves monopoly, the game of scale. Not competition.