Maria Nikolova

Maria has been engaged in journalism for more than 13 years, providing Forex industry coverage for the past seven years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.

47 Comments

  1. Tristan
    August 31, 2021 @ 4:12 pm

    This is false, look into the actual amount thee companies were told to put up, it wasn’t $3B as it was dwindled down to $700MM. Massive difference there and it was Citadels doing.

    Reply

    • Maria Nikolova
      August 31, 2021 @ 4:18 pm

      Hi Tristan! Thank you for the comment but when you say “this is false”, please, specify what exactly is “This”. The article is based on Court documents and, hence, these are allegations made by Citadel and/or the traders. If you are a party to this case, you can voice your concerns with the Court.

      Reply

      • Cory
        August 31, 2021 @ 5:35 pm

        Maria,
        Look at what he wrote. He clearly states what “This” is. In case you cannot comprehend, “This” is the amount companies were told to put up. He says it was $700 M, not $3 B. Also, this article is based on court documents filed by Citadel. If you think they are going to ask the court to dismiss the case, while agreeing with the plaintiff’s numbers, maybe doing stories on court cases is not a good idea. This whole article reads like a one sided defense of Citadel, with no opposing view offered. This is less of a new story than an opinion piece.

        Reply

        • Y2J
          August 31, 2021 @ 5:59 pm

          Why do you people get so angry when somebody goes counter to your opinion. FFS, calm down already. If you are on the right side of history in this noble crusade, why do you have to be such small d*cks about it?

          Reply

          • Cory
            August 31, 2021 @ 6:29 pm

            I have no dog in this fight. But this is a matter of accurate reporting and this article is a completely one sided opinion piece. When called out on it, the “d*ck” response is even worse.

            “The article is based on Court documents and, hence, these are allegations made by Citadel and/or the traders. If you are a party to this case, you can voice your concerns with the Court.”

            Let’s break this down. The article is based on Court Documents. Yes. Citadel’s court filing. NOT the complete picture. It’s Citadel, the DEFENDANT’S info. Where is the opposing view or allegations? No where to be seen. Why not list the plaintiff’s allegations and motions they have filed? Why not go over the original complaint? None of that info is included to paint a full picture.

            And then there is the response of if you are a part to this case, you can voice your concerns with the Court. Basically that’s saying to the OP go talk to the court if you don’t like our reporting because your opposite opinion isn’t wanted here. If you want to write an opinion piece about the situation, feel free. But to write this as news, and then be defensive enough to say “go tell it to the court” when someone opposes your viewpoint is being a “d*ck” as you put it.

          • Maria Nikolova
            August 31, 2021 @ 7:31 pm

            Thank you, Y2J!

          • Rory
            September 1, 2021 @ 4:29 pm

            Maria you shouldn’t write about something you know nothing about.

        • Maria Nikolova
          August 31, 2021 @ 7:36 pm

          Hi Cory!
          I appreciate your opinion. It will be taken into account. Regarding this particular article, yes, it does reflect Citadel’s point of view. Because the article is about a document that the defendants, including Citadel, filed. But there are other articles on this topic that cover the traders’ claims. The fact is that this article does not give the full picture. Its purpose was to present the defendants’ view. I initially posted articles that covered the complaint and now there will be articles that cover the response to the complaint. That’s all. Be safe 🙂

          Reply

          • cory
            August 31, 2021 @ 10:26 pm

            Hello Maria. Thank you for your response. I did some digging and could not find an article you write going over the plaintiff’s side of the case. I did find an article going over Robin Hood stating they could limit trades, and this article on Citadel. If you do have articles covering the other side, please post some links. I would suggest doing an article covering both sides as well.

            Also, to not have your article confused with an opinion piece, perhaps in the future do not use terms like “so-called”. When you say “so-called antitrust tranche of the lawsuit” that is a clear indication of opinion.

          • Maria Nikolova
            August 31, 2021 @ 10:50 pm

            Hi again Cory!
            The search engines are not always perfect – I am sorry you did not find the articles you were looking for. May I suggest using “short squeeze” or “conspiracy” or even “clearinghouses”?
            I am thankful for the recommendations. I cannot promise a “full picture” article, as this case is just starting to unfold, so I am taking it step by step. This matter is complex and the best I could expect is simply scratching the surface. I know it’s annoying sometimes but first I cover the complaint, then the responses (and the motions to dismiss), then the replies to the motions to dismiss, etc. In mid- to late September (unless there is rescheduling of the deadlines) the traders will reply to Citadel, Robinhood, etc. Then, I hope to be able to cover the traders’ reply, and so on.
            Be safe.

        • Common sense
          September 1, 2021 @ 1:35 am

          This article reads one-sided because it is a report about the f#cking motion motion dismiss. The author is literally telling you what Citadel is arguing, not taking a side. (This comment was moderated for explicit language – Ed.)

          Reply

          • Maria Nikolova
            September 1, 2021 @ 7:24 am

            Thank you, “Common sense”!

        • Sunenheru
          September 1, 2021 @ 6:20 pm

          So all Citadels perspective and nothing from those who are bring the case? Sounds like someone will be receiving a nice package. This is bad writing, there are two sides yet writer decides to report one. The powerful one I might add.

          Reply

      • Jeremy
        September 1, 2021 @ 10:19 am

        Reply

      • Cory
        September 1, 2021 @ 2:57 pm

        Maria,
        If you are covering this story as motions, filings, etc develop, please post a link to your initial article covering the plaintiff’s claims.

        Common sense dictates that if “first (you) cover the complaint, then the responses (and the motions to dismiss), then the replies to the motions to dismiss, etc.” then you should have access to that article quickly so it can be posted for everyone to see.

        Reply

    • Ta
      September 1, 2021 @ 3:20 am

      Doesnt matter what their side is .. Hedgies r fukd… Amd if they dismiss this case without due dilligence in investigation then WE FUKING RIOT …OPPS I MEAN PEACEFULLY PROTEST IN THE STREETS

      Reply

      • Matt
        September 1, 2021 @ 10:16 am

        We are writing history every day, in time all wrong doings will come to light. As for me I like the stonks and will continue to buy at these price levels. See you on the flip side.✌

        Reply

  2. Anonymous
    August 31, 2021 @ 5:29 pm

    0.5

    Reply

  3. Anonymous
    August 31, 2021 @ 6:46 pm

    1

    Reply

  4. wISE WHISKERS
    August 31, 2021 @ 7:19 pm

    I do have a dog fight in this and I’ve been following this story in detail for a long time. What Triston is pointing out is the facetious statement in Citatel’s filing: (including more than $3 billion for one defendant). when in fact it was negotiated down to under $1 billion.
    Citadel completely leaves out what could have transpired during that negotiation between Vlad & RobinHood versus DTSS? What on earth could Vlad say to convince DTSS to bring down the collateral money request down so much? Seems reasonable and highly likely Vlad told DTSS he would limit his customers from buying. By the way, one of the member’s of the DTSS i believe is from Citadel.

    Reply

  5. Anonymous
    August 31, 2021 @ 8:35 pm

    4.5

    Reply

  6. Maria
    August 31, 2021 @ 10:10 pm

    Anothe paid shill.
    Why are you so concerned all of a sudden for retail investors’ well being?

    Reply

  7. Anonymous
    August 31, 2021 @ 11:05 pm

    5

    Reply

  8. Dawson Darling
    August 31, 2021 @ 11:38 pm

    ” they do not know what Citadel Securities’ positions were”

    This should be easy enough to rectify then, show what their positions were. If one suspects a politician of manipulation to improve is stock you confirm or disconfirm by having them reveal their stock holdings. Surely an analogous move can be made for Citadel and their shorts?

    Reply

  9. Dawson Darling
    August 31, 2021 @ 11:45 pm

    Are they really trying to contend that prices would not have continued to follow the clearly upward trend of the day? And that people wouldn’t have sold when it was up, that this required “perfect” timing, when really it’s just the basic rule of “buy low sell high”? And do they forget the real time updating apps give to people now? Timing is a lot easier to achieve these days. How low is their impression of us unwashed masses?

    “According to Citadel, the antitrust claim is predicated on the speculative contention that the “meme” stock prices would have been even higher but for the alleged conduct, combined with the absurd contention that every member of the putative class was harmed because they would all somehow have timed the market perfectly absent the restrictions and sold their shares of the “meme” stocks at a profit.”

    Reply

  10. Dawson Darling
    August 31, 2021 @ 11:55 pm

    One troubling trend throughout this piece is that the phrasing (and perhaps punctuation?) makes it hard to discern the claims of Citadel from the claims of the author. Moving a “Citadel said” to the end of a statement, rather than before it, can give the reader the impression that the author (who should be regarded as conferring unbiased authority) is stating these things, not Citadel. The reader is left assuming this is the authoritative opinion of the reporter until the very end.

    “the absurd contention that… But the claim fails from its inception and in fact has nothing to do with competition at all, Citadel argues.”

    Reply

    • Cory
      September 1, 2021 @ 2:50 pm

      Exactly my point too she does not seem to understand. This is an opinion piece with cherry picked info from the Citadel filing trying to portray it as a news article.

      Reply

  11. Anonymous
    September 1, 2021 @ 1:20 am

    2

    Reply

  12. Rocko
    September 1, 2021 @ 1:32 am

    Maria, it looks like the Reddit AMC/GME Cults found your article. Best to ignore them since engaging just asks for further name calling and conspiracy theories. Thanks for detailing the info for us.

    Reply

    • Marty
      September 1, 2021 @ 2:00 am

      How are you posting from the future? What are tomorrow’s lottery numbers?

      Reply

      • Rock
        September 1, 2021 @ 2:39 am

        He predicted you

        Reply

    • Joe
      September 1, 2021 @ 2:39 am

      The small d”cks statement was the only petty name calling i found. Was that from a reddit conspiracy nut. (This comment was moderated for explicit language – Ed.)

      Reply

      • Unclekook
        September 1, 2021 @ 2:12 pm

        Maria
        One sided story for Citadel.
        It’s not an article, it’s Citadel’s advertisements for this allegation.
        13 years of Journalism?
        Shame on you Maria.
        You did your job for Citadel by posting this advertisement.
        You don’t have to justify yourself by giving awkward answers to each bad posts.
        We already know what kind of person you are. Poor Maria.

        Reply

    • Maria Nikolova
      September 1, 2021 @ 7:24 am

      Thanks, Rocko 🙂

      Reply

      • Steven
        October 18, 2021 @ 2:19 pm

        Agreed. The cultists are the problem. Ignore them. Let them lose their shirts. it’s their problem.

        You are simply another distraction to vent their cult like behaviour upon.

        Reply

    • David Lauer
      September 1, 2021 @ 6:53 pm

      Looks like we have a citadel employee here. Everyone point and laugh

      Reply

  13. Ricky Bobby
    September 1, 2021 @ 2:46 am

    lol shillish af

    Reply

    • Rocko
      September 1, 2021 @ 3:59 am

      no u

      Reply

  14. Quinn
    September 1, 2021 @ 4:44 am

    Let’s see what’s left of citadel when the dust settles. If they were the market maker and this responsible for insuring the solvency of those who naked shorted the stock, whether that is Citadel securities or not, the implication is that if an entity is on one side of the trade and exposed to potentially infinite losses, then the other side can have potentially infinite gains and sap everything from every institution who participated in the facilitation of market manipulation…as one of those investors, my claim is for literally every dollar they have, after they sell the clothes off their backs.

    Reply

  15. Austin
    September 1, 2021 @ 5:56 am

    Citadel is fraudulently performing its duty as a market maker by routing 60% (and often more) of retail orders through unlit channels. They have also used futures/swaps to hide Failures To Deliver, the same swaps responsible for the 2008 financial crisis.

    This is totally unacceptable for a designated MM, and I recommend taking care when defending them, your future reputation will be defined by the winners of the looming market correction.

    Reply

  16. Totally_Not_Ken_Griffin
    September 1, 2021 @ 2:27 pm

    Guys, why won’t you believe us – we totally COVERED our positions in January. What? Closed? No we haven’t closed anything, we just keep covering the FTDs with deep ITM puts and married calls to reduce the SI% haha silly, no we wouldn’t ever abuse out position as market maker by nakedly shorting it through the hedge fund we also run in the hope that gamestop would go bankrupt haha 1.8bn shares in the wild, don’t be silly…… its far worse than that

    Reply

  17. David Lauer
    September 1, 2021 @ 4:16 pm

    This article is FUD and lacks any real facts or evidence. This author should feel shame for the garbage she produced.

    Reply

    • Stew
      September 2, 2021 @ 5:51 am

      If this is the real D.Lauer, first off, thank you. I wouldn’t call this FUD though. This does not strike fear, it does not cause uncertainty, or raise doubt. To me, articles like this, that only have one side of the story, only confirm the actual knowledge you helped us gather. When you only tell one side of a story, it’s because you are choosing to do so. “Journslists” like this, shouldn’t have a job.

      Reply

  18. Ken's dad
    September 1, 2021 @ 9:29 pm

    this reporter: “are you guilty?”

    ken griffin: “of course not! You don’t know!”

    reporter: “there you have in folks! innocent man!”

    reporter: *payment from ken griffin recieved*

    Reply

  19. Anonymous
    September 2, 2021 @ 12:55 am

    1.5

    Reply

  20. Anonymous
    September 2, 2021 @ 3:59 am

    3.5

    Reply

  21. Brennen kluczny
    September 2, 2021 @ 7:47 am

    Absolutely loving this comment section. Thank you to all but the author of the article for clarifying some of the misconceptions about this case.

    Reply

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