Virtu, Citadel, MarketAxess, BlackRock found consortium to support RFQ-hub growth
In addition to Virtu, founding consortium members include Citadel Securities, Flow Traders and Jane Street Capital.
In addition to Virtu, founding consortium members include Citadel Securities, Flow Traders and Jane Street Capital.
Robinhood Markets derived most of its revenues from PFOF, with Citadel Securities accounting for 22% of the total.
Robinhood and Citadel are accused of having hatched an anticompetitive scheme to restrict retail investors’ access to specific stocks.
Citadel Securities’s risk management controls were not reasonably designed to prevent the entry of erroneous orders.
The plaintiffs in a short squeeze lawsuit targeting companies such as Robinhood and Citadel need more time to draft an amended antitrust complaint.
The Court has found that traders embroiled in the January trading short squeeze have failed to plead conspiracy.
According to the traders, Citadel mischaracterizes the SEC’s Report and cherry picks portions that expand its arguments.
Citadel Securities, which is accused of participating in market conspiracy that led to the January short squeeze events, refers to SEC report.
Citadel argues that the traders have utterly failed to plead a cognizable antitrust claim that can survive a motion to dismiss.
Citadel Securities claims that the conspiracy theory at the heart of a “short squeeze” lawsuit brought by traders rings hollow.