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Citadel securities is an MM in this business, they are certainly delta neutral and not short.
by ivalm 6y ago
Citadel securities is an MM in this business, they are certainly delta neutral and not short.
- llampx 6y agoThere's Citadel the market maker and Citadel the hedge fund.
- ivalm 6y agoAll 3 Citadel companies belong to Ken Griffin/are related and are unlikely to have meaningful short positions.. The company that is Robinhood's customer and pays for order flow is Citadel Securities, which is the market maker and is definitely not short GME. Citadel (hedge fund), is not short GME as they generally sell boring complicated solutions to rich people (fixed income, insurance, hedges etc). They do invest into other funds (like Melvin Capital), which may give them indirect exposure to the shorts. Citadel technologies, sells their tech.
- llampx 6y agoCitadel the fund has invested $2.75 billion into Melvin last week. Its likely they want to see an ROI.
- qeternity 6y agoSort of. Delta neutrality is a target, not a given. Gamma is what forces MMs to hedge. They have been absolutely steamrolled by gamma which would leave them massively net short when you’re facing 100-200% gaps.