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With Citadel as a large market maker I would think Robinhood likely has a financial conflict of interest with them with respect to their customers, selling Cita
by cma 6y ago
With Citadel as a large market maker I would think Robinhood likely has a financial conflict of interest with them with respect to their customers, selling Citadel "dumb flow" (and now, depending on how you look at it, lobotomizing the flow).
- exhilaration 6y agoIt's a different Citadel, from here: https://www.theverge.com/22251427/reddit-gamestop-stock-short-wallstreetbets-robinhood-wall-street https://www.theverge.com/22251427/reddit-gamestop-stock-shor... At least one Wall Street firm has taken heavy losses — Melvin Capital Management, which was shorting GameStop, among other bets. It’s been bailed out by Citadel, which, confusingly, is not the same thing as Citadel Securities. (Citadel is a hedge fund, not a market maker.)
- whitepoplar 6y agoIt's the same Citadel, just different legal entities.
- stretchcat 6y agoIt's a ""different"" Citadel only in the twisted sort of logic lawyers are hated for. They're operated by the same people and have the same name.