Citadel Investments is one of the largest hedge funds in the world. Citadel is the firm at the center of the GameStop short sale controversy. Citadel owns Melvin Capital who placed the shorts against GameStop. Over the years, they've made an obscene amount of money placing risky bets in the market. If you want proof, just look at the outrageous properties Ken Griffin, the owner of Citadel, has purchased in the past two years:
https://www.bloomberg.com/news/articles/2019-01-23/citadel-s-ken-griffin-buys-nyc-penthouse-costliest-u-s-home
One of the key ways Citadel makes money is that they receive data feeds (called 'order flow') from trading platforms the moment a trade is placed (and before it's settled). They immediately know which way the markets are moving and can instantly place trades to capitalize on this information. Apparently Robinhood is one of the platforms who provides this data feed to Citadel (for a fee). Robinhood is also at the center of the GameStop controversy, since they halted trading of the stock suddenly on Wednesday afternoon -- and it would appear they did this to staunch the losses incurred by Citadel's Melvin Capital. So it would appear that Citadel is a defacto "partner" of RobinHood. Also interesting is the fact that E-Trade also suspended trading of GameStop on Wednesday. What a coincidence, until recently Citadel was the majority shareholder in E-Trade (which they bought at the height of the market collapse about 10 years ago at a fire-sale price).
X22 Report explains it here (forward to 6:20 in the video)
https://rumble.com/vdd9kf-ep.-2390a-cbds-exposed-to-all-the-entire-system-is-rigged.html
This all stinks. Why does the SEC allow the type of electronic data feeds to Citadel to occur? Could it be that Citadel has a cozy relationship with the SEC? They spend $240K a year lobbying the SEC and Treasury. And, they paid Janet Yellen (Biden's new Sec of Treasury) $810 K in speaking fees. All influence money if you ask me. And someone needs to investigate if Citadel is an actual investor in RobinHood. Remember, after the controversy on Thursday, RobinHood suddenly received an infusion of capital of $1 Billion. WTH? Who is behind this investment?
Citadel Investments is one of the largest hedge funds in the world. Citadel is the firm at the center of the GameStop short sale controversy. Citadel owns Melvin Capital who placed the shorts against GameStop. Over the years, they've made an obscene amount of money placing risky bets in the market. If you want proof, just look at the outrageous properties Ken Griffin, the owner of Citadel, has purchased in the past two years:
https://www.bloomberg.com/news/articles/2019-01-23/citadel-s-ken-griffin-buys-nyc-penthouse-costliest-u-s-home
One of the key ways Citadel makes money is that they receive data feeds (called 'order flow') from trading platforms the moment a trade is placed (and before it's settled). They immediately know which way the markets are moving and can instantly place trades to capitalize on this information. Apparently Robinhood is one of the platforms who provides this data feed to Citadel (for a fee). Robinhood is also at the center of the GameStop controversy, since they halted trading of the stock suddenly on Wednesday afternoon -- and it would appear they did this to staunch the losses incurred by Citadel's Melvin Capital. So it would appear that Citadel is a defacto "partner" of RobinHood. Also interesting is the fact that E-Trade also suspended trading of GameStop on Wednesday. What a coincidence, until recently Citadel was the majority shareholder in E-Trade (which they bought at the height of the market collapse about 10 years ago at a fire-sale price).
X22 Report explains it here (forward to 6:20 in the video)
https://rumble.com/vdd9kf-ep.-2390a-cbds-exposed-to-all-the-entire-system-is-rigged.html
This all stinks. Why does the SEC allow the type of electronic data feeds to Citadel to occur? Could it be that Citadel has a cozy relationship with the SEC? They spend $240K a year lobbying the SEC and Treasury. And, they paid Janet Yellen (Biden's new Sec of Treasury) $810 K in speaking fees. All influence money if you ask me. And someone needs to investigate if Citadel is an actual investor in RobinHood. Remember, after the controversy on Thursday, RobinHood suddenly received an infusion of capital of $1 Billion. WTH? Who is behind this investment?
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