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It could've been one of the many trading desks inside Citadel who saw the news early, through publicly available sources (e.g. the RH website), and put on a sho
by hntrader 6y ago
It could've been one of the many trading desks inside Citadel who saw the news early, through publicly available sources (e.g. the RH website), and put on a short position within a few seconds. So the story about Citadel shorting the top could be be simultaneously true and legal/normal. Definitely needs an investigation though.
- Tenoke 6y agoHm, actually Citadel has access to all RH trades before they go in effect as part of their partnership so I guess their traders would know when buys stop coming at the earliest possible time without any breaking of the firewall. Still, if that's what happened the tweet is still inaccurate and likely made-up for attention