CEO Peng Zhao & Sequoia’s Alfred Lin Discuss the Future of Markets

October 24, 2025

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Peng Zhao, CEO of Citadel Securities, and Alfred Lin, Partner at Sequoia Capital, joined a discussion moderated by Jeff Maurone, COO, Technology and Low Latency, on how artificial intelligence, automation, and an obsession with client experience are transforming global markets.

Key Takeaways

AI’s Role in Markets: Machine learning has shaped capital markets for more than two decades, with algorithms now driving the majority of trading activity. The next phase is applying AI to core business functions to deliver measurable productivity gains.
Separating AI Hype from Value: Many companies are adopting AI superficially to capture attention. The true advantage lies in combining proprietary data, technical expertise, and workflow integration to create lasting impact.
Technology and Client Obsession: Advanced technology, predictive analytics, and automation are enabling Citadel Securities to anticipate client needs, maintain stability through market volatility, and strengthen long-term partnerships.
Evolving Talent and Skills: As AI automates routine work, human roles will increasingly center on conceptual problem-solving and creative thinking, making critical reasoning and adaptability key differentiators for talent.

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