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Or price discovery in US markets is completely broken. Could also explain it. Mumbles something about perpetual FTDs, naked shorting, the biggest market maker
by bboygravity 4y ago
Or price discovery in US markets is completely broken. Could also explain it.
Mumbles something about perpetual FTDs, naked shorting, the biggest market maker also being a hedge fund (who donates many millions to corrupt politcians), tokenized securities that can be used as short locates and so on...
- DiggyJohnson 4y agoWhat’s the biggest market maker? If you have any long form versions of this ranty comment, I’d be genuinely interested in reading it. Cheers
- bboygravity 4y agoCitadel securities (the largest retail market maker, this is the company front-running every single one of your trades through PFOF if you use a "free" broker like Robin Hood) Citadel LLC (the hedge fund) Both part of Citadel the mother ship. All owned by 1 man (who like Madoff owns a hedge fund and a market maker, but unlike Madoff actually seems to execute trades with his hedge fund). 1 man who also happens to be the top GOP donor (what could he possibly want in return?): https://www.cnbc.com/2022/10/07/citadels-ceo-ken-griffin-becomes-gop-100-million-midterm-megadonor.html https://www.cnbc.com/2022/10/07/citadels-ceo-ken-griffin-bec... If you want more info, this is an OK start: https://youtu.be/26_IcexvePA https://youtu.be/26_IcexvePA Kind of old, but still relevant (not much changed since then). The same documentary makers are working on a new one that I believe will come out this year. There's tons of info to find online if you Google any of those terms in my rant from the previous comment as well. PS: those are just tips of multiple icebergs, there's more.