U-S-NEWS.COM "REAL NEWS for REAL PEOPLE" HUB
KING's of FAKE NEWS = CNN - CBS News - MSNBC News - ABC News - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD
WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. the earth IS round, but not like a pancake, more like a football - 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
Help your friends, family and the truth by sharing this page and articles. Amen and a-women
KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Wednesday, March 03, 2021
© 2021 U-S-NEWS.COM
Online Readers: 57
Citadel's Ken Griffin defends controversial Wall Street practice, says firm would adapt if it were outlawed
Read it to me
Voiced by Amazon Polly

STOCK MARKET NEWS:
Ken Griffin denies Citadel uses personal information from retail investors

Citadel CEO Ken Griffin dismissed as “flat out false” the allegation that his company incorrectly uses information it amasses from its market-making operation.

Griffin spoke in an interview with CNBC on Friday, one day after Citadel and other market makers came under examination from Congress about their function in last month’s GameStop mania.

“I think there’s been a number of misperceptions about the data we receive from the brokerage community. In fact, a prominent U.S. senator asked us specifically about what personal identifying information do we receive from retail investors. The answer is none,” Griffin informed “Squawk Box” co-host Andrew Ross Sorkin.

Market makers such as Citadel Securities pay e-brokers like Robinhood for the right to perform client trades. The broker is then paid a little cost by the market makers for the shares that are routed, which can amount to millions when consumers trade actively. Robinhood got more than than $221 million in “payment for order flow” in the 4th quarter of 2020.

Nevertheless, market makers have actually come under examination, particularly in the context of the GameStop trading chaos, about the information they have the ability to amass from the circulations of retail customers. In many cases, critics hypothesized how Citadel, which runs hedge fund and market-making operations as different business, might utilize that information.

“This conspiracy theory that we some how or another are like some of the big tech giants that have access to personal identifying information is just flat out false,” stated Griffin. “We have a price, quantity, a limit. That’s what comes to us in an order from a retail broker.”

Citadel Securities performs approximately 40% of all retail volume, Griffin informed your home Financial Solutions Committee on Thursday throughout the GameStop hearing.

“We receive an order and as the party that has to execute that order what we look at at the moment of receipt is what are the various options that we have to achieve the very best execution for that order,” stated Griffin. “We are not permitted to trade in front of that order. Any execution that we can achieve in the context of the market for fulfilling that order we must provide back to the retail investor, sometimes even with our pricing improvement that we add on at the moment of execution.”

Griffin, in addition to the CEOs of Robinhood, Reddit and Melvin Capital, were pushed by members of your home committee on Thursday relating to last month’s legendary brief capture in GameStop’s stock.

The Citadel primary protected a questionable technique brokerages utilize to generate income, payment for order circulation and stated his company would adjust if brand-new guidelines restricted the practice. Robinhood and other brokers depend on “payment for order flow” as their earnings engine in lieu of commissions.

Griffin was likewise pushed about the relationship in between Citadel Securities and Citadel the hedge fund, which injected $2 billion into Melvin Capital once the latter took significant losses from shorting GameStop. Griffin consistently rejected the company had anything to do with Robinhood’s choice to limit trading in GameStop. Robinhood has stated it did so in order to satisfy capital requirements from its trade clearing company.

Subscribe to CNBC PRO for special insights and analysis, and live organization day programs from all over the world.

Read Original – Click Here

Hmm. yes i understand the
question, you know it's been at least
15 years since I've been following the news, no 10 my folks do that, hmm. what was the question again !?
Excuse me, do you remember
where you read about this ?
Are you kidding !?
of course I can, it was here
on U-S-NEWS.COM
(Visited 5 times, 1 visits today)
Tags:
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

REAL NEWS for REAL PEOPLE
Daily or Weekly

Find Donald Trump and all the others
how to navigate the left-wing Internet

Save videos from Youtube and other platforms
before they are deleted, with only 3 mouse clicks

JOIN - THE NEWS BOARD

We have now seen how the left, with great help from our mainstream fake-news media and Google, Youtube, Twitter, Amazon, Stripe and more is trying to suppress conservative opinions. Some might think Hej that sounds great then i don't have to think for myself... (it must be great to have it like that...) BUT WE DON'T!

Share your opinion with other like-minded

STOP the STEAL and JOIN us TODAY

the NEWS BOARD
WE WANT YOU TO
JOIN us TODAY
( share your opinion without getting your account deleted )

Information about our new
Commander in Thief - Joe Biden and Vice President - Kamala Harris

TODAY'S TOP STORIES

  • NEWS HEADLINES: Johnson & Johnson COVID vaccine morally wrong? Catholic bishops caution just thatNEWS HEADLINES: Johnson & Johnson COVID vaccine morally wrong? Catholic bishops caution just that 03/03/2021 NEWS HEADLINES:Johnson & Johnson COVID vaccine morally wrong? Catholic bishops caution just that The U.S. Conference of Catholic Bishops is urging people to seek alternatives to coronavirus vaccine produced by Janssen, a company of Johnson & Johnson, arguing that the product raises additional moral concerns through its connection to aborted fetal cells.In a… (3)
  • The US registers half a million deaths from Covid-19The US registers half a million deaths from Covid-19 02/27/2021 The US registers half a million deaths from Covid-19 The situation due to the coronavirus is drastic in almost all the countries of the world, including the United States, which is the country most affected by the pandemic worldwide. Therefore, after receiving an expert report, Biden gave the regrettable announcement… (1)
  • SOCCER NEWS: Ronaldo scores but Juventus held 1-1 at Hellas VeronaSOCCER NEWS: Ronaldo scores but Juventus held 1-1 at Hellas Verona 02/28/2021 SOCCER NEWS: Ronaldo scores but Juventus held 1-1 at Hellas Verona MILAN (AP) - Injury-hit Juventus was held at Hellas Verona to 1-1 as its hopes of a record-extending 10th succeeding Serie A title took a blow on Saturday. Cristiano Ronaldo broke the deadlock early in the 2nd half but… (1)
  • POLITICS: Ric Grenell Takes on CA Gov. Gavin Newsom, Calls for Term LimitsPOLITICS: Ric Grenell Takes on CA Gov. Gavin Newsom, Calls for Term Limits 02/28/2021 POLITICS: Ric Grenell Takes on CA Gov. Gavin Newsom, Calls for Term Limits Previous Performing Director of National Intelligence Richard Grenell took on embattled California Gov. Gavin Newsom, who deals with a prospective recall, and the D.C. political facility throughout a speech at the Conservative Political Action Conference (CPAC) on… (1)
  • POLITICS: Sacha Baron Cohen Mocks Donald Trump, Rudy Giuliani at Golden GlobesPOLITICS: Sacha Baron Cohen Mocks Donald Trump, Rudy Giuliani at Golden Globes 03/01/2021 POLITICS: Sacha Baron Cohen Mocks Donald Trump, Rudy Giuliani at Golden Globes Sacha Baron Cohen utilized his 2 Golden World wins on Sunday as a chance to additional burnish his left-wing activist qualifications, taking pot shots at previous President Donald Trump and Rudy Giuliani. The British star and anti-free speech… (1)
  • POLITICS: This was a MAJOR FRAUD | Rudy Giuliani – VideoPOLITICS: This was a MAJOR FRAUD | Rudy Giuliani - Video 03/02/2021 POLITICS: This was a MAJOR FRAUD | Rudy Giuliani President Trump legal employee Rudy Giuliani talk about the group's next actions relating to discovering their viewed abnormalities, the proof he will provide, and more. - through Greg Kelly Reports, weekdays at 7PM ET on Newsmax TELEVISION See Newsmax TELEVISION on… (1)
  • POLITICS: Major developments in key states | Sidney Powell – VideoPOLITICS: Major developments in key states | Sidney Powell - Video 03/02/2021 POLITICS:Major developments in key states | Sidney Powell Lawyer Sidney Powell provides insight into election irregularities, potential illegal actions and more - via 'Greg Kelly Reports.' Watch Newsmax TV on Directv 349, Xfinity 1115, Dish 216, Spectrum (see channels), Cox, Optimum, U-Verse 1120, FiOS 615, Suddenlink, CenturyLink 1209, Mediacom 277,… (1)
  • WORLD NEWS: Police in Burma fire tear gas, rubber bullets at protestersWORLD NEWS: Police in Burma fire tear gas, rubber bullets at protesters 03/03/2021 WORLD NEWS:Police in Burma fire tear gas, rubber bullets at protesters Police in Burma repeatedly used tear gas and rubber bullets Tuesday against crowds protesting last month's coup, but the demonstrators regrouped after each volley and tried to defend themselves with barricades as standoffs between protesters and security forces intensified.Burmese… (1)




LATEST TOP STORIES




©2021 U.S.NEWS.COM - NEWS NETWORK

the NEWS BOARD
WE WANT YOU TO
JOIN us TODAY
JOIN THE NEWS BOARD - We have now seen how the left, with great help from our mainstream fake-news media and Google, Youtube, Twitter, Amazon, Stripe and more, is trying to suppress conservative opinions. Some might think Hej that sounds great, then i don't have to think for myself...(it must be great to have it like that...) BUT WE DON'T! On this board you can share your opinion, comment on, or post news articles, share your opinion in the groups, write to other members (without having to fear something going to happen to your account) We do not use "easy" login with help from Facebook or Google, only Manual account creation (email and password) you can call yourself Donald Duck if you think it's appropriate! Welcome to the News Board
If you only get mainstream news you are kept in the dark, try one of these
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVV4NmgtZFd6SjVOcEFsamExWXNBcGRnIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVPMGFrdWZ1OU1Penl6M252R0lYQUF3IiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVV5NzJtNHNnZkp1RjlRTGVlY1lKRlZRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVOYklESk5OZ2FSclhPRDdWbGxJTVJRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVU4SW9oNGF0TkRPNWEwVnkycUZtYXVRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVlTGM0aGVYcUc5ZHRMN2ppUEhNQmZRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVVXTjNBTEhvWWhYWlpObHRiX191SURnIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
PGlmcmFtZSBzcmM9Imh0dHBzOi8vd3d3LnlvdXR1YmUuY29tL2VtYmVkL3ZpZGVvc2VyaWVzP2xpc3Q9VVUtLVc2VEZCNlpTT0dCT1RVTEFISldRIiB3aWR0aD0iMzAwIiBoZWlnaHQ9IjE2OSIgZnJhbWVib3JkZXI9IjAiIGFsbG93ZnVsbHNjcmVlbj0iYWxsb3dmdWxsc2NyZWVuIj48L2lmcmFtZT4=
I'm down here in the swamp. Help me!
You now reached the bottom, exactly like
JOE BIDEN
Commander in Thief
PGlmcmFtZSB3aWR0aD0iNTAwIiBoZWlnaHQ9IjI4MSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC9RUDBSUmhDTzBUMCIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgY2xpcGJvYXJkLXdyaXRlOyBlbmNyeXB0ZWQtbWVkaWE7IGd5cm9zY29wZTsgcGljdHVyZS1pbi1waWN0dXJlIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

STOCK MARKET: Ken Griffin denies Citadel uses personal information from retail investors

Share via

Log in with your credentials

Forgot your details?

Thanks!

Subscribe - Real News for Real People - Daily or Weekly Click Here


Send this to a friend