Ken Griffin's virus plan now includes an emergency trading bunker in Florida

I find it absolutely incredible how quick things can get done during a crisis and pandemic, but yet any other time outside a significant emergency things take literally a lifetime to complete.



"Citadel Securities built the infrastructure necessary for the Florida facility in less than a week and began trading there when U.S. markets opened Monday."
 
That's exactly what I predicted years ago. The wealthy class to lock behind fenced estates and in bunkers. A few more photos and Instagram and Twitter posts are needed by the billionaire class to ring in a full blown revolution where the working class pushes the reset button.

It is upsetting me how fucking Elon puts in billions into his ridiculous space program and does nothing at all to do his fair share in times of urgency. He blabbered in the past saving kids in Thai underwater caves. Then that he wants to help with ventilators now. But zero action. All just bullshit talk. This guy is the prime example of angering everyone around him and why at some point guys like him will be burnt alive and the rule of law ignored to upset the old order. Can't those pathetic clowns not at least be quiet and stay put (Musk and others).

ajacobson said:
Holds 50



Ken Griffin's virus plan now includes an emergency trading bunker in Florida



Citadel Securities' site—with capacity for 50—is part of a hotel that’s closed to the public, and the staff, who have been dispatched from Chicago and New York, will work and sleep there.
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schizo said:
And I suppose this is only reserved for the filthy rich. While the entire world suffers, they still want to live like kings in their exclusive palace. Nice. :rolleyes:
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Dude, it's a "trading bunker". I am pretty sure people are not volunteering to stay in the basement 24/7 and trade.
 
Same Lazy Element said:
Dude, it's a "trading bunker". I am pretty sure people are not volunteering to stay in the basement 24/7 and trade.
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It's not a bucket shop we're talking here. This is Citadel, the largest HFT/MM outfit in the world. All of their trade operations are carried out AUTOMATICALLY on their mega servers located all across the globe. Why do they need 50 people hunkered down in the bunker for? What, they want to save their most brilliant traders just in case the world goes down the drain?
 
schizo said:
It's not a bucket shop we're talking here. This is Citadel, the largest HFT outfit in the world. All of their trade operations are carried out AUTOMATICALLY on their mega servers located all across the globe. Why do they need 50 people hunkered down in the bunker for? What, they want to save their most brilliant traders just in case the world goes down the drain?
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Citadel is a large multi-manager hedge fund, they do everything from statistical arbitrage to fixed income RV to fundamental long-short equities. 50-people operation for the fund of that size is pretty bare bones.

Many banks and funds, including the one I am working, are running various "disaster recovery" sites. I have been to many of them and I'd hate to be stuck there for more than a few days, even if provided with hookers and blow.

PS. Nothing happens "AUTOMATICALLY", including HFT - you'd be surprised how manual labor it takes to run a low-latency trading operation.
 
Same Lazy Element said:
Citadel is a large multi-manager hedge fund, they do everything from statistical arbitrage to fixed income RV to fundamental long-short equities. 50-people operation for the fund of that size is pretty bare bones.

Many banks and funds, including the one I am working, are running various "disaster recovery" sites. I have been to many of them and I'd hate to be stuck there for more than a few days, even if provided with hookers and blow.

PS. Nothing happens "AUTOMATICALLY", including HFT - you'd be surprised how manual labor it takes to run a low-latency trading operation.
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Exactly, even our own, very tiny compared to Citadel, fully automated algos require 24/5 monitoring. Granted we built redundancies to get alerted the moment something goes wrong.

Fully automated, does not mean unattended.
 
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