441 Citadel report
9
Cyrus Anderson andersct
-
Upload
cyrusa0 -
Category
Investor Relations
-
view
508 -
download
0
Transcript of 441 Citadel report
Cyrus Andersonandersct
Products
lInvestment fundslOrder routinglMarket making
Financials
l14% of U.S. volume in equities, 30% retaill20% U.S. equity-options volumel773m annual revenuel25b in assets managed
History
lKen Griffin in his dorm at HarvardlStarted with 4.6ml2008 crisis and present-day
What's hot?
lHigher returns than competitorslTrading in ChinalInternational interest rate swaps market
The secret stuff?
l Dinners with insiders
Culture at Citadel
lHedge funds vs bankslWhat recruiters saylTen percent rule
Competition
lLarge investment funds
lMarket makers
lLarge banks and other buy-side guys
Up or down?
lRegulations on Wall StlPosition in the industrylBlack swan events
= up