Boy, Robinhood, and Citadel Securities have certainly been talkative throughout this whole GameStop affair
More or less from the time that Robinhood and others began to place limits on trading by retail clients of GameStop and other memes stocks, those who were prevented from doing so presumed nefarious motives. . Degenerates and Diamonds have examined the relationship between, say, Robinhood and Citadel Securities, a company that contributes its 80% share of Robinhood’s revenue, and whose sister hedge fund had a better interest in seeing the founder crash in the short term. Ken Griffin buddy, and found the fix was in place. Well, internal communications at Robinhood in the run-up to trade restrictions are unlikely to disabuse them of that notion.
Like things the GameStop affair really stepped up, someone at Citadel (names have been redacted) remarked to Robinhood’s deputy general counsel, “we obviously have a strong relationship between the two firms.” The day before the restrictions were imposed, Robinhood’s senior officers had a conversation at 5 p.m. with Citadel, with founder Vlad Tenev wondering if “Maybe this would be a good time for me to chat with Ken griffin.” Why would it ever be, Vlad? An hour and a half after the call began, Robinhood President Jim Swartout said in an internal conversation, “You wouldn’t believe the conversation we had with Citadel. Total mess. “
It is indeed, Jim, for despite your subsequent and potentially exculpatory bitterness towards the Citadel (“I am more than disappointed with how it turned out. It is difficult to have a partnership when this sort of thing happens. happens that way. “), Ken Griffin & co. feel compelled to deign to tackle it.
Citadel Securities, in a statement on Tuesday, dismissed the “Internet conspiracies and Twitter mobs” that again accused the company of pushing Robinhood Markets Inc. to a lot of small investors.
“Citadel Securities has never asked, implied, accepted or otherwise sought to limit or restrict trading in these securities,” Citadel Securities said in a statement to Reuters on Tuesday.
Citadel Securities faces new pressure on GameStop Frenzy [WSJ]
Citadel Securities denies any involvement in trade restrictions on “meme shares” [Reuters]
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