source avatarMark Verner

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While everyone is watching the hedge fund, the real power lies hidden in Citadel Securities, the largest market maker on the planet. This company handles about one quarter of all equity trades in the US. Every fourth trade.Robinhood, Interactive Brokers and other retail brokers? They sell their customer order flow directly to Citadel. You hit buy in your app and Griffin pockets the spread.2025 numbers: revenue around $12.2 billion, net profit around $5.4 billion. This is not a business. This is a printing press with a license. Citadel is the last mile counterparty. The one who stays when others run. The one who buys when everyone sells. The one who sets the terms because he knows you have no choice.A massive share of American investor orders flows through Citadel infrastructure, from retail traders to institutional giants. When the market is on fire, when margin calls are raining like monsoon season, when prime brokers do not know where to dump their risk, they call Ken. Not Goldman. Not JPMorgan. Griffin. Citadel Securities — это отдельная компания от хедж-фонда Citadel LLC. - Citadel Securities is a separate company from the hedge fund Citadel LLC.*

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