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This is an old revision of this page, as edited by Amandaatcitadel (talk | contribs) at 21:25, 9 February 2022 (→‎Proposal to split out the section called Citadel Securities: Providing additional sources per request). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Market maker

This section reads like an ad and should discuss the controversies over payment for order flow and high-frequency trading. For example, see:

https://www.ft.com/content/ee8d4ba0-d9a8-11e6-944b-e7eb37a6aa8e

https://www.ft.com/content/4a439398-88ab-442a-9927-e743a3ff609b

Please update the article if so, however Reliable, verifiable, independent sources are required to support material added to articles. Please sign your talk page contributions with 4 tildes. Thanks. --Guiy de Montfort (talk) 12:13, 27 June 2020 (UTC)[reply]

Citadel and Apex clearing linked to GME short squeeze

There should be some acknowledgement of this based on RS

https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340 TuffStuffMcG (talk) 19:46, 28 January 2021 (UTC)[reply]

nevermind, I see a short blurb since the page reset

TuffStuffMcG (talk) 19:47, 28 January 2021 (UTC)[reply]

Semi-protected edit request on 29 January 2021

Robinhood owned by Citadel LLC 71.241.203.144 (talk) 11:25, 29 January 2021 (UTC)[reply]

It’s not, Citadel is the main market maker for Robinhood --Devokewater (talk) 11:29, 29 January 2021 (UTC)[reply]

Involvement in the Gamestop short squeeze of 2021

Nowhere does this article even mention the role Citadel played in what has become one of the largest news stories of the decade. This needs to be rectified ASAP! — Preceding unsigned comment added by 70.24.234.105 (talk) 17:48, 11 March 2021 (UTC)[reply]

Page Lock

I highly recommend this page get locked for the next few months. This kind of vandalism will occur repeatedly until the situation surrounding GameStop ($GME) resolves. TranceaddicT (talk) 21:26, 14 April 2021 (UTC)[reply]

Wondering if there's not about to be a massive amount of vandalism coming in.

I'm not too familiar with Wikipedia's rules on locking things.

but it's probably going to be prudent to lock the article from editing for the next while. Until what's going on with gamestop blows over. Just think it would save a lot of work, possibly preventing an absurd amount of vandalism, from both sides of the 'fight'. 75.168.21.203 (talk) 03:17, 19 April 2021 (UTC)[reply]

Semi-protected edit request on 5 June 2021

Citadel is a known hedgefund which deals in naked shorts sellings of stocks. Citadel knows this is illegal but they do not care. They enjoy engaging in fraudulent activities to line their own pockets and bankrupt companies and make thousands of people jobless. 80.0.159.46 (talk) 13:52, 5 June 2021 (UTC)[reply]

 Not done: it's not clear what changes you want to be made. Please mention the specific changes in a "change X to Y" format and provide a reliable source if appropriate. lomrjyo(talk•contrib•Ping with {{u|Lomrjyo}}) 13
56, 5 June 2021 (UTC)

Illegal market manipulation

Definitly needs some parts about the 'supposed' *wink wink* illegal market manipulation during the AMC squeeze, such as naked shorting, FTD manipulation, FUD spreading in social media and news and at least some semi-illegal, shady moves like rerouting order flow through dark pools to fake selling pressure. ApeGladiator (talk) 15:43, 5 July 2021 (UTC)[reply]

What are the reliable sources covering that information? Schazjmd (talk) 15:49, 5 July 2021 (UTC)[reply]

" Citadel Securities automation has resulted in more reliable trading at lower costs and with tighter spreads"

This is straight up lies, pr talk from Citadel to dupe unsuspecting customers, backed by an article clearly pushed by PFOF brokers too muddy the waters of "facts". — Preceding unsigned comment added by Sek3000 (talk • contribs) 13:48, 18 October 2021 (UTC)[reply]

Proposal to split out the section called Citadel Securities

I propose that the section called "Citadel Securities" be split off into a separate page also called "Citadel Securities" for the following reasons:

I have already created a draft of "Citadel Securities" in my userspace, found at User:Amandaatcitadel/Citadel Securities, which is identical to the current "Citadel Securities" section, except that I added an Infobox, a lead section with reliable sources, an External links section, and the correction of the founding date to 2002. I am notifying JBchrch who recently helped me with Ken Griffin's page. If there is anything else you need, please let me know. Amandaatcitadel (talk) 14:42, 2 February 2022 (UTC)[reply]

Their was a recent article about Citadel in the FT, Citadel Securities is a seperate entity from the Hedge Fund business, it needs its own wikipage due to its size + prominence. --Devokewater (talk) 14:45, 2 February 2022 (UTC)[reply]
Citadel and Citadel Securities are separately run businesses that play different roles in the market, and the latter is not "the securities division" of the former. They are both subsidiaries of Citadel Enterprise Americas, LLC, a non-notable holding company. There are plenty of examples on Wikipedia of independently notable sister companies that merit their own standalone articles, such as HSBC Finance and HSBC Insurance; or GE Digital and GE Power. — Preceding unsigned comment added by Amandaatcitadel (talk • contribs) 15:29, 3 February 2022 (UTC)[reply]
@Amandaatcitadel Thanks for your helpful comment. I understand the mechanics of mutual independence, and I also understand that you guys at PR need to make sure that public and the clients see these two companies as clearly separate. However, I'm not entirely convinced that this separation has reached the reliable sources yet. The latest FT article about the company begins by calling Ken Griffin the founder of Citadel Securities and its related $35bn hedge fund Citadel. The article then spends a lot of time explaining the evolving relationship between Citadel LLC, Citadel Securities and Ken Griffin. The FT and WSJ articles you linked also associate Citadel LLC and Citadel Securities (FT: "group", WSJ: "It was founded in 2002 by billionaire Ken Griffin, who also leads hedge fund Citadel LLC"). I also remember last year's House hearing, where Ken Griffin was called to testify as "Founder and CEO of Citadel and Founder and Principal Shareholder of Citadel Securities" [1]. I will admit that I'm seeing in the reliable sources (I've scanned FT, WSJ and Bloomberg) a tendency to address Citadel LLC and Citadel Securities separately and not as a monolithic group of companies (as opposed to UBS AG and UBS Securities for instance). I am open to changing my !vote if you can provide some reliable secondary sources that would address in more detail how the separation between the two companies and, specifically, to what extent Ken Griffin exercises (or doesn't exercise) a form of common control over the two companies. JBchrch talk 16:10, 3 February 2022 (UTC)[reply]
Hi JBchrch. I believe the following reliable secondary sources address your points above. The New York Times makes it quite clear these are two separate businesses.[1] NPR goes a bit further, stating that "Citadel runs a hedge fund..." and later says "But a separate business, also founded and majority-owned by Ken Griffin...is Citadel Securities..."[2] An article in the Financial Times addresses the role Griffin plays at Citadel Securities: "Peng Zhao, who joined Citadel in the mid-2000s and has run Citadel Securities since 2017, says Griffin’s influence is evident through the culture of the business, even if the founder is no longer involved in the “day to day” running of a company in which — according to regulatory disclosures — he owns a stake of at least 75 per cent."[3] I appreciate the time you have taken to discuss this.

References

  1. ^ Phillips, Matt; Kelly, Kate (17 February 2021). "A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington". New York Times.
  2. ^ Kailath, Ryan (4 February 2021). "Ken Griffin: The Hedge Fund Titan In The Middle Of The Reddit Investing Revolt". National Public Radio.
  3. ^ Rennison, Joe; Darbyshire, Madison; Stafford, Stefania (25 January 2022). "Citadel Securities: how the Wall Street outsider became 'the Amazon of financial markets'". Financial Times.
Thank you. Amandaatcitadel (talk) 21:24, 9 February 2022 (UTC)[reply]
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