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Jane Street took 10% of US equity market in 2024

Jane Street has raced ahead of the market maker competition with 2024 net revenues, reporting US$20.5 billion for the year and taking more than...

Citadel Securities paid US$943m for retail US equity, options order flow in nine months

Large market makers are paying billions to access retail orders in stocks and options, a controversial practice banned in most countries outside the US.  Citadel...

Citadel routing argument vs IEX “doesn’t hold weight”, academics say

Citadel Securities and its allies are desperate to stop IEX Options’ market launch, but academics and industry experts who spoke to Global Trading dismiss...

Citadel Securities, IMC paid US$420m for retail flows as options surged

Retail hunger for US options trading in Q3 has spiked further, with payment for order flow from brokers to market makers up by 40%...

The need for speed

Powered by new computer chips, high-frequency trading (HFT) has reached nanosecond timescales. Fierce competition has prompted a new wave of speculative orders, prompting allegations...