09.29.2021
Market maker Citadel Securities has been accused of restricting or limiting trading on GameStop and other so-called “meme stocks” when their prices spiked in January and trading was suspended by Robinhood and other brokers.
Citadel Securities said in a series of tweets:
Citadel Securities was the only major market maker during this time that provided continuous liquidity every minute of every trading day.
— Citadel Securities (@citsecurities) September 27, 2021
On January 27th, Citadel Securities executed an extraordinary 7.4 billion shares on behalf of retail investors.
— Citadel Securities (@citsecurities) September 27, 2021
When asked whether Citadel Securities requested that Robinhood restrict trading, Ken Griffin truthfully told Congress “Let me be perfectly clear. Absolutely not.” https://t.co/juU0uFazBZ
— Citadel Securities (@citsecurities) September 27, 2021
“It must frustrate the conspiracy theorists to no end that Vlad and I have never texted, called or met each other. But I must say, kudos to Vlad and his team at Robinhood for their remarkable success story.” – Citadel Securities Founder Ken Griffin https://t.co/Z8MetpbudY
— Citadel Securities (@citsecurities) September 28, 2021
On January 27th, numerous retail brokerage firms imposed restrictions on the trading of certain “meme stocks” due to capital constraints, liquidity concerns and other commercial reasons.
— Citadel Securities (@citsecurities) September 28, 2021
Citadel Securities never requested, intimated, agreed or otherwise sought to limit or to restrict the trading of such securities.
On January 27th, we executed an astonishing 7.4 billion shares on behalf of retail investors.
— Citadel Securities (@citsecurities) September 28, 2021
We’re proud of the important role we have long played in making US financial markets fair, transparent, resilient, and the envy of the world.
— Citadel Securities (@citsecurities) September 28, 2021
Of course, the teams at Citadel Securities and our counterparties are in constant communication to meet the needs of the retail investor community.
— Citadel Securities (@citsecurities) September 28, 2021
Against the backdrop of a global pandemic, amid an unprecedented surge in retail trading engagement, our respective teams made sure that operational demands were addressed and that retail investors had access to Citadel Securities’ superior execution capabilities.
— Citadel Securities (@citsecurities) September 28, 2021
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Shanny Basar
Senior writer
A Senior Writer at Markets Media who became a financial journalist in 2000 after working in banking for over a decade....
More about this authorRelated articles
-
Securitize Stocks are structured to preserve the investor rights and economic benefits associated with shares.
-
Central clearing has been introduced to a securities financing transactions market that operated bilaterally.
-
The US 500 tracks the total return of a Kalshi index of the largest U.S. companies.
-
Eurex is offering equity derivatives in the Asia Pacific region for the first time.
-
This combines Citadel Securities’ deep liquidity and execution with Wolfe’s research.