3 ms·
> From what I understand PFOF is only problematically profitable in the options market where NBBO spreads can be quite wide, but I’m pretty sure Citadel is not
by djtango 3y ago
> From what I understand PFOF is only problematically profitable in the options market where NBBO spreads can be quite wide, but I’m pretty sure Citadel is not even a major player there.
Not sure if it's the same niche but bloomberg quotes Citadel at 25% market share[0]
[0] https://www.bloomberg.com/news/articles/2020-02-25/citadel-securities-expands-an-already-dominant-options-business https://www.bloomberg.com/news/articles/2020-02-25/citadel-s...