CITADEL SECURITIES LLC
High-speed traders pile into big short on volatility in India
While the high-speed traders sell options, long-only funds and retail investors buy contracts to make speculative bets or protect themselves against sudden market drops and are often on the other side of the trade, the people said.
Jane Street's $1-billion trade puts the spotlight on Indian options
Wall Street has been riveted by the trading firm's suit against two former employees and Millennium Management, after Jane Street claimed earlier this month that they stole a confidential and "immensely valuable" trading strategy. The strategy's focus on Indian options only became clear after lawyers for Millennium inadvertently identified the country in a hearing on Friday.
Beyond the crypto crash, a big squeeze jolts stock markets anew
The biggest venue of impact was the US stock options market, where trading volumes are smashing records as investors of all stripes rush into short-dated contracts to catch up.
Yellen seeks to 'understand deeply' GameStop frenzy as market regulators meet
The core infrastructure of financial markets had proven resilient during the high volatility and heavy trading volume around GameStop and other stocks, Yellen said after a high-level meeting with other top regulators to discuss recent market volatility.
Treasury's Yellen calls top regulator meeting on GameStop volatility, consults ethics lawyer
Yellen will convene the heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, the Treasury said on Tuesday.
How Wall Street gains from 'populist' trading movement
For now, big, traditional investors that already held GameStop shares have the advantage, Larry Harris said. "Long institutions are the big winners," said Harris, a former chief economist for the U.S. Securities and Exchange Commission.
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Fed to weigh near zero rates through 2023: Decision day guide
Officials are expected to project rates staying near zero though 2023, reinforcing the message delivered by Powell in late August that they will delay tightening policy to achieve inflation that averages 2% over time.
Hedge fund titans who bet big on India now say they were scammed
Not only did the bet fizzle out, some global hedge funds even say they fell victim to a massive fraud.
This firm is taking on world's biggest stock market with no human traders
Focus on machine learning puts this firm "at the forefront" of trading technology.
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