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In fact, Citadel Securities has gained a lot money from the $GME event. Citadel Securities pays tens of millions of dollars for Robinhood order flow.
by 0b01 6y ago
In fact, Citadel Securities has gained a lot money from the $GME event.
Citadel Securities pays tens of millions of dollars for Robinhood order flow.
- Centigonal 6y agoIs Citadel really making a lot of money from the GME squeeze? I know they rebate Robinhood for order flow (I've even commented about it [1]), but I thought events like this were hard for MM firms to capitalize on because of the unpredictable nature of the price action and the high cost of hedging (there are no shorts available, how do you even delta hedge in that situation?). Am I missing something? [1] https://news.ycombinator.com/item?id=25217794 https://news.ycombinator.com/item?id=25217794