In the Media

Citadel Securities, the market-making firm founded by billionaire Ken Griffin, on Monday urged the U.S. Securities and Exchange Commission to reconsider a proposal to scrap a longstanding Wall Street regulation requiring the execution of stock trades at the best available price.

The leverage reset has largely run its course, creating room for systematic strategies to add exposure as volatility falls,” said Scott Rubner, head of equity and derivatives strategy at Citadel Securities. “Breadth is improving, correlation is near record lows, and investors are increasingly willing to pay for upside.

The credit markets may have had their fill of record borrowing for data centers, but tech companies aren’t done yet. Citadel Securities LLC is forecasting another $500 billion-plus of debt in the public and private markets by 2028 to bankroll the chips that go inside the artificial intelligence campuses.

Markets are transitioning from a flow-driven environment back to one increasingly dictated by earnings, corporate demand, and the macroeconomic backdrop,” Scott Rubner, head of equity and equity derivatives strategy at the market maker, wrote in a note to clients.

Business Insider talked to five Citadel and Citadel Securities employees who joined just out of school.

Citadel Securities expects the Federal Reserve to raise interest rates this week — a surprise move strengthening Chairman Kevin Warsh’s credibility in the battle with inflation.