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viraptoryesterday at 12:04 PM3 repliesview on HN

> world-class exchange rooted in alignment

Does this actually mean something specific?


Replies

chronic74939yesterday at 12:17 PM

> Does this actually mean something specific?

Probably:

Trade matching algorithms (prorata, FIFO, TOP) and rules (capital requirements, market impact definitions) will align with the interests of the most profitable customers.

Citadel Securities, with their HFT-level returns of 50-100% per year will not venture into a losing business.

Note, CitSec is different from Citadel (hedge fund), and the hedge fund is also crazy with 40% annual return before fees (past 20 years) and 19% after fees to the outside passive investor.

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pols45yesterday at 4:11 PM

No. They have planted a seed and Trees don't grow overnight.

downrightmikeyesterday at 6:56 PM

Enron 2.0