Another thing - that's just absolutely bonkers that i want to talk about is citadel securities opens up after record 7 billy windfall, but matthew citadel, seven billion windfall, but he's the enemy. What is going on here? Let's talk about it. This is actually some pretty interesting stuff. Citadel securities was thrust into the spotlight in 2021.

Well, i guess that's what happens when you, allegedly my lawyer, told me to say that allegedly basically broke her to do with the sec and robin hood to screw over retail and basically, like save all your rich asshole friends with day traders, lawmakers and regulators all scrutinizing. The firm at the center of one of the u.s stock market's wildest periods, they're about to learn that amid the uproar the financial giant had its best year ever catherine doherty girl, oh girl. If i've ever read a piece that was basically like hey, write something nice about us because we're taking a lot of shit, you probably got a fat check. This girl is probably in the janet yellen type of stuff of like hey, come, do something for us and we're going to pay you with stupid amount.

Once again, please understand this is all alleged alleged. I don't need to be sued alleged alleged alleged. I am not a financial advisor, i'm not a lawyer. Barely a person billionaire ken griffin stock trading powerhouse posted a record revenue of seven billion dollars as frenzied bouts of volatility helped drive up earnings.

So this is one of the things that we're talking about where these market makers they're not really directional players. Banks are hedge funds, are market makers they're, always shaving off a little slice of a penny here, a little slice of a penny? Here they make money off of an excessive amount of trading. They love volatility. They love high amounts of trading, that's how they make their money they're in and out before.

You could even blink your eyes. They're, not directional players, they're, saying hey. Are you trading a lot? Can we provide that liquidity and shave a little portion off every single trade with ambitions to grow even more? The company is starting to crack open its previously sealed doors to respond to its naysayers. How does that even sound like she did not write this as a farce? Catherine doherty, i don't even know who she is, and i don't we're gon na be friends after this, but hey you can't win them all, but even that previously sealed doors.

Just even listen to the tone of that. This ain't no blues clue style, bullshit anymore. This is the world's largest market maker, as you're about to find out. They alone are responsible for handing 40 of retail trades this this group alone, and they have sealed doors.

That's like some cool gen z, kid just bottled up like transparency and yielded it right off a cliff. It doesn't make sense folks. This is crazy. In over a half dozen interviews, top managers addressed concerns that the firm is too dominant, discuss rumors of a possible initial public offering and hinted at plans to expand into business that have long been controlled by wall street banks firm to dominate just say.

It say anti-competitive practices say anti-trust, get that word monopoly in there. Let's really make this article a little spicy. We want action. There are many seeking to frame citadel security's narrative.

They say to the guy reading it on stream, to frame the narrative ussc gary genzer has questioned whether retail investors are being disadvantaged because equities trading is so concentrated among citadel securities and a small group of rivals, i.e virtue after the firm's starring role in last year's Meme frenzy griffin was hauled in front of congress, where one lawmaker like in citadel securities to a casino and later another called it a shark. Just this month, comedian jon stewart threw some jabs at his new streaming show. Do you realize how fucking petty you have to be to write that sentence just this month, lowly unknown, not famous, not a cultural icon? The dude has a goddamn gift about him and they're. Saying comedian, like i don't know, we might have found him at a comedy bar in new york and he had a tight five.

It was okay, just whatever jon stewart threw some jabs on his new streaming show just that little thing i don't know if you've ever heard of the company apple, i think it's like kind of a like a farmer's like, like a sunday farmer, stand type of thing Where a lot of locals they just come together and sell apples, i don't know i it's this company. They said that they're in tech, i'm not sure if you've ever heard of apple, but that's where the streaming show is and like they have. I i don't know i've never heard of the streaming show i don't know so. It sounds like we just have an unknown comedian who's on a service that i don't even know what that is never heard of that company before - and i guess he's talking about it now - doherty catherine girl, what's going on here, let's talk about this: let's work out Our differences - this is crazy, literally they're, trying to be little john stewart show on apple tv.

This is bonkers. So once again, why is this happening? Why is mr stewart and some snazzy looking kid in a like sleek blue suit? Why or why are they talking about? It do you think it's because that citadel is handling 40 of all u.s retail trading volume and one in every four u.s equities trade. Could that be? Why could it be? Maybe because in may of 2021, they were handling over 50 percent, which i don't know might be a little bit anti-competitive and as soon as it gets over 50, they lowered a little just so their buddy vertu can step in it's more of those things like keep. Your enemies close, so you don't get hit with anti-trust regulations.

I don't know, i'm not a lawyer, i'm just thinking out loud. Maybe i'm wrong. Maybe i'm just completely wrong on this one. Oh whoa, citadel security, citadel securities gains more share of u.s retail market making, as banks pull back so you're telling me as time goes on, citadel ran up and it almost looks like they're staying right below 50 percent there.

No, that has to be no way did they think about that. It's not like they have a building of lawyers who say hey if we stay below 50 we're not going to get hit with this stuff. I bet this just i. I bet that all these other guys are just fighting really really hard and citadel would go higher and it's not them giving the market share, so they don't get sued into oblivion.

That would be a crazy suggestion. I'm not sure. Let me just read this statement from my lawyer. I am not suggesting that all right, so that's on that's on record.

Let the let the court show that he said he's not not not knot. If you want to be really cool, i think that's how the british spell it anyway, let's move on, they have won so profoundly said paul director of research. Imagine that coming out there they have won so profoundly talk about winning the game like do you know how like crazy? That is. That's not just the statement.

They have won so profoundly. That means we basically have a duopoly, and in this case they are focused on citadel, but it really is a duopoly that is handling all liquidity in the market, as in were reliant on two players, and one of those players did not continuously surprise supply liquidity to The market and they're referring back to when gamestop went wild. So there we have citadel bragging. That's not a safe system, that's not a safety net.

When shit hits the fan. That means we're relying on one person who's, not an altruistic company they're in this for-profit they're. Not sitting here saying man, we we just want to do what we can for the market, because it's a great vehicle for financial movement to the upside. That's not what they're doing this is a dominant system and if they mess something up down down down, it's a ticking time bomb - and this was clearly highlighted in showcase by a company who resells games.

Why, on them, banks and smaller rivals have not been able to compete at the cutting edge of technology and attracting talent that train has already left the station. It's not a monopoly. It's not. Banks and small arrivals have not been able to compete at the cutting edge of technology and attracting talent that train has already left the station.

This is like a long version of a thesaurus. It's like how many words can we possibly use to describe monopoly without describing monopoly? It's like a reverse spark notes for your favorite thesaurus. This is crazy and then this is uh zao. He is uh the ceo of one of these sub departments here of like the overall citadel conglomerate uh.

All of a sudden. We find our name on venues and getting mentioned in places we weren't mentioned before it's something we weren't planning for yeah, because retail didn't know what was going on and you had certain people like dave lauer, among maybe 100 people on this planet who understood what was Going on, but no one it had no traction and then because a game stop there is traction, that's the difference. We are focused on making the best decisions, regardless of whether our name is being mentioned or not. You know what i find interesting about this is.

We are focused on making the best decisions, question question question um best decisions for who and feel free to get that answer to my people. It's not rhetorical. Retail investors get better prices and brokers get better economics because of how the market is set up said joe mccain head of the execution services at the firm. This shit makes my blood pressure go way too high.

So you're telling me you're you're telling me that this author of this piece, catherine doherty, whoever you are probably someone who's way smarter than him. I bet you have a fancy pedigree on your wall ma'am. I barely made it out of school. If this is an intellectual about you're gon na, take me to the mat i'm a little stupid, my brain is a little bit smooth, but i have one question: are you telling me that a guy who works at the company is telling you and you're taking it As a fact that retail investors get better prices and brokers get better economics because of how the market's set up, you really thought you were going to get an unbiased opinion from someone about the company that pays them.

What were you thinking? Restricting payment for order flow? Could hurt investors and wouldn't curb the order flow citadel security receives? There is a big disconnect between what we do. What the message should be about what we do and what the public perception ends up being yeah - maybe maybe maybe maybe i just wanted to share this - did citadel make a shitload of money yeah they made 7 billion, it's a record for them. They make money off of crazy volume, the more trading volume there is that's what they want. They want people who are in and out of particularly stocks and options.

They love active trading, that's where they make it. But to me the timing of this one week ago, two weeks ago, just this unknown comedian, who i'm not sure anyone's heard of and his streaming show, which uh probably even less known - i don't know whoever he is and whatever show this is. This honestly feels like a piece where they're like hey: we need someone from a legitimate. I guess news source who's gon na write about how good we are.

How is this an unbiased piece? I i don't get it, i i don't they're. I don't even think they know what they were showing they're like look. How much market share we've been gaining look how few of players there are look, how much of a lack of a safety net there are. This does a great job at highlighting the fragility of current market structure, and it says nothing at all, not even one line about that good-looking kid in the blue shirt that blue suit, i should say on this unknown streaming show should have more.

It should have more well that's what you need to know about the newest round of media surrounding citadel.