Citadel Securities has the backing of some of the most technologically savvy investors in the world, and it looks like the stock market is poised to expand.
Ken Griffin Business Behemoth, Citadel Security, Announced on Tuesday Considering the $ 1.15 billion investment from Sekoya Capital and Paradox companies, estimated at $ 22 billion. Citadel Securities has been a powerful, but quiet player in the markets for years. That has changed over the past year, as Congress, regulators and retail investors have begun to pay more attention to how to trade in the wake of volatile trading around MEM stocks.
According to the new investment, Citadel Securities is gaining more public interest and is more likely to expand into cryptography.
“We look forward to partnering with Sitadel Security team to expand its technology and knowledge to more markets and asset sectors, including Citadel Security team,” said Matt Huang, co-founder and managing partner of Paradism. Paradigm is focused on making Web3 and cryptocurrency-related investments.
Sequoia invests in cryptocurrencies, but is well known for its investment in technology.
Apple (AAPL) has invested
Robinwood Markets (Hood)
A Citadel Securities spokesman did not respond to a request for comment.
Citadel Securities, valued at $ 22 billion, is ahead of its competitors
Virtu Financial (VIRT), which has a market value of $ 5.6 billion.
Citadel Securities is a leading marketer for retail investors. Robinwood drew attention to that role when he restricted trading in some hot stocks last January, with some on the board suggesting that Citadel Securities was involved in Robinhood’s decision.
The question posed by the Security and Exchange Commission in the show room did not give credence to these concepts, as Robinwood made the decision because he did not have enough capital to meet the demands of the Chamber of Commerce. That said, SEC chairman Gary Gensler fears the market is dominated by a handful of players, which could lead to worse business performance for investors. Citadel Securities and its affiliates have argued that small investors are getting higher prices, and that they will get better value for stocks than if they went straight to the exchanges.
The potential of Citadel Securities into crypto trading could shake that industry in terms of the company’s relationship and knowledge. Traditional brokers are offering crypto trading options.
Creating markets in crypto assets is risky because they can move quickly and can often be traded at different prices on different exchanges. The same dynamics make it a profitable organization. It can be useful for marketers who know how to block their spread and run the market.
For investors, the expansion of large companies such as Citadel Securities into crypto can have the effect of tightening those transmissions and making the industry more professional. And it may motivate policymakers to change the rules: Brokers currently need to do this for stock and options, but they do not need to detail their business performance.
Write to Avi Salzman at firstname.lastname@example.org