-
Broker Quantfury Makes Money For Users, Builds 'Hedge Fund For The Masses'
Monday, June 27, 2022 - 9:52am | 1066Benzinga, a media and data provider bridging the gap between retail and institutional investors, will be bringing back its annual Global Fintech Awards event to New York City on Dec. 8. Ahead of this recognition of disruptive innovators in finance and technology, Benzinga will periodically publish...
-
Citadel Moving Headquarters To Miami As Florida Captures 'New Moment In America'
Thursday, June 23, 2022 - 1:07pm | 325On Thursday, Citadel announced it would move its headquarters from Chicago to Miami. The decision affecting hedge fund Citadel and separate market-making business Citadel Securities comes after founder Ken Griffin voiced his frustration with Chicago’s crime rate and violence. “Many of...
-
Did Citadel Just Troll AMC? Here's What Some Apes Have To Say
Thursday, May 12, 2022 - 12:30pm | 609The beef between Citadel and the AMC Entertainment Holdings Inc (NYSE: AMC) apes is bananas. What To Know: A year ago, the retail trading crowd created an unprecedented market frenzy around AMC and GameStop Corp (NYSE: GME). Groups of traders flooded social media platforms...
-
BlackRock And Citadel Deny Role In Terra's UST Collapse
Thursday, May 12, 2022 - 5:21am | 576BlackRock, Inc. (NYSE: BLK) and Citadel Securities have denied any involvement in the collapse of Terra’s (CRYPTO: LUNA) algorithmic stablecoin TerraUSD (CRYPTO: UST). What Happened: According to a Wednesday report from Forbes, both the investment firms said in separate emails that they do...
-
This Billionaire Won $8M Bid For A Seat On Blue Origin's Space Flight — But He Won't Be Making The Trip
Tuesday, May 10, 2022 - 3:42am | 321Hedge fund Citadel's founder, Ken Griffin, successfully bid for a seat on the New Shepard capsule of Jeff Bezos-founded Blue Origin but will reportedly not be part of its trip to space. What Happened: Griffin has decided to donate his seat to a...
-
Citadel Securities Will Engage In Crypto This Year: Ken Griffin
Wednesday, March 2, 2022 - 10:58am | 375Kenneth Griffin, the founder and CEO of the hedge fund Citadel and founder of the market maker Citadel Securities, says the latter firm is likely to move into market making for cryptocurrencies this year. What Happened: Griffin said in an interview with Bloomberg he was wrong about...
-
David Vs. Goliath Fight Spills From GameStop To The US Constitution
Wednesday, November 24, 2021 - 6:19pm | 802A stock market David vs. Goliath story occurred in 2021 with retail investors facing off against hedge funds. The battle saw rising valuation of stocks that included GameStop Corp (NYSE: GME) and AMC Entertainment (NYSE: AMC) and a battle of short sellers. The David vs. Goliath battle has now...
-
Citadel's Ken Griffin On Robinhood Meme Stock Saga: 'Fascinating To Be In The Center Of That Conspiracy'
Thursday, November 11, 2021 - 6:37pm | 383Citadel's Kenneth Griffin appears to have been blissfully unaware of the memes and jokes made at his expense in relation to the “GameStop Corp (NYSE: GME) conspiracy theories” that circulated on Twitter Inc (NYSE: TWTR) and Reddit earlier this year. Speaking Wednesday to Andrew...
-
4 Key Takeaways From The SEC's 'Meme Stock' Report: PFOF, Short Selling And More
Monday, October 18, 2021 - 5:30pm | 672The long-awaited SEC report concerning the WallStreetBets-fueled short squeeze that happened in GameStop Corp (NYSE: GME) earlier this year was published Monday afternoon. What Happened: The 45-page report titled “StaffReport on Equity and Options Market Structure Conditions in...
-
5 Key Facts From Robinhood's S1: Citadel Revenue, Customers, Dogecoin And More
Thursday, July 1, 2021 - 3:28pm | 441Robinhood filed its S1 on Thursday, which breaks down how much revenue it has, how much cryptocurrency it's hodling and how big of an impact market makers play into its financial performance. Financials: Robinhood had revenue of $959 million in fiscal 2020, up 245% year-over-year. Net income...
-
Fintech Focus For May 17, 2021
Sunday, May 16, 2021 - 8:38pm | 1714Quote To Start The Day: “Spring is the time of plans and projects.” Source: Leo Tolstoy One Big Thing In Fintech: Crypto is here to stay — this point is no longer up for debate. It is creating real-world benefits for businesses and consumers alike — benefits like faster,...
-
Fintech Focus For April 26, 2021
Sunday, April 25, 2021 - 9:45pm | 1489Quote To Start The Day: Well done is better than well said. Source: Benjamin Franklin One Big Thing In Fintech: Alpaca, a stock brokerage that allows developers to build apps, services, and trading platforms, formally announced the launch of Broker API, as well as an expansion of its investment...
-
Miami's Path To Becoming A Tech Hub, According To TheVentureCity's CEO: 'Brainpower Doesn't Have A Zip Code'
Tuesday, March 23, 2021 - 1:50pm | 1310“Thinking of moving to Miami? DM me.” That’s according to a tweet from Miami Mayor Francis Suarez that's plastered across billboards along California. The initiative, sponsored by Reddit co-founder Alexis Ohanian and early Uber Technologies Inc (NYSE: UBER) and...
-
Fintech Focus For March 9, 2021
Monday, March 8, 2021 - 6:49pm | 1938Quote To Start The Day: “If I look at trading when I started, I would say a phone or occasionally a computer got broken at least once a week, or once every two weeks,” Dunn, Citigroup’s global co-head of rates trading, said during a virtual roundtable last week, held ahead of...
-
Robinhood, Citadel, Melvin Capital CEOs Grilled In Response To Reddit, Hedge Fund Short Squeeze Drama
Thursday, February 18, 2021 - 4:53pm | 564On Thursday, the House Financial Services Committee committee held a special hearing to attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently...