Wealth
Ken Griffin Has Another Money Machine to Rival Hedge Fund
- Citadel Securities generated $3.5 billion of revenue in 2018
- It handles more than 1 of 5 shares traded in U.S. each year
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Citadel Securities is sometimes dismissively referred to as “Citadel’s trading arm” -- seen as a forgotten backwater of Ken Griffin’s hedge fund empire, where quants toil on complex algorithms to arbitrage tiny differences in stock prices or calculate bid-ask spreads for Treasuries.
It’s much more than that.