tldrdailynews.com logo
Tag

High Frequency Trading

All articles tagged with #high frequency trading

Citadel Securities rides Iran‑fuelled volatility to record quarterly trading revenue
markets1 month ago

Citadel Securities rides Iran‑fuelled volatility to record quarterly trading revenue

Citadel Securities reported a record $4.3 billion in trading revenue in Q1, with about $1.9 billion in net income, as market volatility driven by the Iran conflict and swings in oil and Treasury rates boosted activity for market makers. Alongside peers Jane Street and Hudson River Trading, the trio generated roughly $27 billion in first‑quarter trading revenue. Citadel Securities, a major US market‑maker handling about a quarter of US equity volume, is expanding into high‑touch client services, including hiring JPMorgan’s Elan Luger, while remaining distinct from the hedge fund Citadel.

via Financial Times|
#citadel-securities#high-frequency-trading#iran
Jane Street’s 2025 surge reshapes market power in finance
markets2 months ago

Jane Street’s 2025 surge reshapes market power in finance

Jane Street posted a record $39.6 billion in trading revenue for 2025 and about $31.2 billion in EBITDA, out-earning giants like JPMorgan and Goldman Sachs in trading profits and signaling a shift in market power as arbitrage-focused trading flourishes amid volatility; the piece notes the firm’s gains and compares its EBITDA to the top profits of well-known companies, underscoring the era of outsized returns for specialized trading firms.

via Financial Times|
#ebitda#high-frequency-trading#jane-street-capital
Citadel Securities Appoints Microsoft Veteran to Tech Leadership
business1 year ago

Citadel Securities Appoints Microsoft Veteran to Tech Leadership

Citadel Securities has hired Herb Sutter, a C++ expert from Microsoft, to lead its C++ training initiatives. Sutter, recognized as a leading figure in the C++ community, will help Citadel's engineers and researchers enhance their proficiency in the language, which is crucial for the firm's trading systems. This move aims to improve system speed and reduce coding errors as Citadel expands into new markets. C++ is vital for high-frequency trading due to its low-level control over hardware and memory, offering speed advantages in competitive trading environments.

via Business Insider|
#business#c#citadel-securities
The Rise and Fall of Sam Bankman-Fried: Insights from Michael Lewis
books-and-authors2 years ago

The Rise and Fall of Sam Bankman-Fried: Insights from Michael Lewis

Michael Lewis discusses his latest book, "Going Infinite: The Rise and Fall of a New Tycoon," which delves into the mind of FTX founder Sam Bankman-Fried. The book explores topics such as high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. Lewis shares insights into the "story war" surrounding crypto advocates, those who lost money, prosecutors, defense attorneys, and other observers. He also addresses personal questions about his writing process and the impact of his daughter's death. The full conversation is available for streaming and download on various platforms.

via Barry Ritholtz|
#books-and-authors#cryptocurrencies#ftx
cryptocurrency2 years ago

"Michael Lewis Reveals Sam Bankman-Fried's Daily Half-Million Dollar Losses After Alameda Launch"

Sam Bankman-Fried, founder of Alameda Research and FTX exchange, reportedly lost millions of dollars in the early days of the trading firm. Bankman-Fried raised nearly $170 million from investors in the Effective Altruism community, intending to invest in the crypto markets. However, Alameda suffered significant losses, with over $500,000 lost daily for a month. Poor fund management and unsuccessful trading strategies contributed to the losses. The situation improved when Gary Wang and Nishad Singh joined the firm, implementing a successful quantitative trading system and managing the company, leading to the establishment of FTX.

via CoinDesk|
#alameda-research#crypto-markets#cryptocurrency