Citadel back in the news, and we have to laugh when we read such things as,
“Going a little further back to July, we reported that Citadel Securities - one of the world's biggest market-makers - had just been find by industry regulator FINRA (the whopping sum of $700,000) for frontrunning of at least 559 client orders while masking "hundreds of thousands" of orders from its pre-trade control logic. This happened at a time when Citadel emerged as the biggest Robinhood client, paying hundreds of millions to route retail investor order flow.”
Do you see the fallacy and illegitimacy folks? When you know the fine is peanuts and yes $700k is nothing, sorry, especially when you are paying $100s of millions, yes hundreds of millions of dollars to front run orders. If the misconception of rules and regulations isn’t obvious and if you ever wonder why no cost brokers exist, well, there is your hidden cost, your orders, your data are being sold to the highest bidder and nothing is more important, or as we will quote our most favorite character:
“The rarest commodity I know is information!” Gordon Gekko (Wall Street)
Finally think of it this way, when you have everyone’s position, well, its no longer a level playing field, its a rigged game and thats exactly what the Central Banks want, its always been about control, whether its the linear up move or the burning down, either way its controlled.
When the Penalty Encourages the Behavior
Citadel back in the news, and we have to laugh when we read such things as,
Do you see the fallacy and illegitimacy folks? When you know the fine is peanuts and yes $700k is nothing, sorry, especially when you are paying $100s of millions, yes hundreds of millions of dollars to front run orders. If the misconception of rules and regulations isn’t obvious and if you ever wonder why no cost brokers exist, well, there is your hidden cost, your orders, your data are being sold to the highest bidder and nothing is more important, or as we will quote our most favorite character:
Here is the link to the Zhedge Article today, Ken Griffin Now Controls 41% Of All Retail Trading... And Is Making An Absolute Killing
Finally think of it this way, when you have everyone’s position, well, its no longer a level playing field, its a rigged game and thats exactly what the Central Banks want, its always been about control, whether its the linear up move or the burning down, either way its controlled.