Citadel
description
Transcript of Citadel
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Citadel
Nick Babcock
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Business
Hedge fund
Offices worldwide – Headquartered in Chicago
Provide services to retail traders
TD Ameritrade
Scottrade
etrade
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Financials
22 Billion Assets Under Management
World’s largest options market maker
Behind 1 in 7 options trades
20% return on investment year over year
Excluding 2008
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Background
Founded in 1990
Ken Griffin – Harvard Dropout
“programmer”
Wealthy
Prominent
Philanthropic
The seven pillars of success
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What’s Hot
High Frequency Trading
Surveyor Capital
Licensing infrastructure techniques
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Secret Sauce
Technologists
Poaching successful portfolio managers
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Story time
Mono sucks
Gift baskets don’t
Revolving door
Big No-no’s
Java
Flash Boys
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Competitors
Two Sigma
Jump Trading
Goldman Sachs
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Future
Here to stay for awhile
My predictions:
Stagnating growth
Revolving door keeps on spinning
Can’t just throw money at your problems