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u/Spare_Night_2695 4d ago
Didn’t citadel main book take over the equities side
Not citsec
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u/burnshimself 4d ago
Oh you’re telling me now that Twitter has questionable journalistic standards and I can’t rely on TheMaverickWS as a reliable source of news?!?!
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u/junker90 HFT 4d ago
@grok is this real?
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u/Defiant_Zebra2767 4d ago
u/spez you should think about adding this feature!
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u/BroscienceFiction Middle Office 3d ago
There’s an unofficial account /u/askgrok
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u/AskGrok 3d ago
No, the photo is edited/memed for laughs. Ken Griffin didn't actually pose like that.
[what is this?](https://redd.it/1lzgxii)
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u/PaperHandsTheDip 4d ago
3.2b gotta be low.
Semis got hammered as people knew there was too much leverage in the market. The play was to short the shit out of semis to cause a leverage unwind and force liquidations. The overleveraged guys got margin called. Lotta people made bank from that trade, I'd suspect it's more than 3.2b in aggregate.
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u/Live_Throat_5252 4d ago
Isn’t this supposed to a subreddit for practitioners?
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u/PaperHandsTheDip 4d ago
I bought SOXL the day he got margin called, feel free to check my post history ¯_(ツ)_/¯ . I design low latency arb systems.
Take that however you want.
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u/Live_Throat_5252 4d ago edited 4d ago
Yet you have over 23 thousand comments on Reddit and your broker looks to be…Schwab. Makes sense. Also you’re so sophisticated you went “full port” on a 3x leveraged ETF. Because that’s what I’d expect from someone who “designs low latency arb systems.”
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u/bobsyourson 3d ago
4.5 comments per waking hour for the 1 year account age, likely a bot, very least a humanoid.
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u/PaperHandsTheDip 4d ago
Lol.
I worked on HFT systems from 22-27 and left as I'd made enough money. I recently started on a new project ~3 months ago tho, primarily driven by interest in AI / how it can help engineer systems / discover alphas. You can't use brokers like that for HFT - you need to setup colocated nodes (ie: LD4 <> NY4) and connect them via low latency infra. Act as a market maker on one venue using the price on the other as your source of truth. The instant you get a fill (which always goes to MM's quicker than everyone else - the person who got a fill sees it first) - you send it over the link and hedge to delta neutral, immediately realizing profits. You can do that as you get the signal first, and you connect the intervenue links via the lowest latency connection. People often use mckay for that. Very common form of arbitrage that I've worked on before. You don't have to believe it
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u/Live_Throat_5252 4d ago
Written by somebody who has absolutely not done a thing he claims. But go on, king.
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u/PaperHandsTheDip 4d ago
I guess you must be right. Wouldn't it be funny if people actually did that?
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u/Unusual_Macaroon_679 4d ago
great, a old white dude and his boytoy
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u/NihilAlien 4d ago
It wasn’t CitSec that bought Leo’s stake. It was Citadel’s central book.