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A lot less than their used to be. The margins have been driven out of that business. Like most industries that’s led to consolidation. I’d guess Citadel/Virtuu
by kasey_junk 8y ago
A lot less than their used to be. The margins have been driven out of that business. Like most industries that’s led to consolidation.
I’d guess Citadel/Virtuu/Jump capture the vast majority of that business.
- mruts 8y agoAlso Jane Street and Sasquehanna in the EFT space. Both of those firms are making great money nowadays.
- calabin 8y agoWolverine is in there somewhere as well
- kasey_junk 8y agoYeah the more I think about it there probably are lots of market makers still because of market specialization. But it’s not like before when a single person could be a market maker or even later when small prop shops could do it.
- danaur 8y agoAnywhere I could read about the historical context/progression you reference?
- aldanor 8y agoTypo corrections: ETF and Susquehanna.