556 222 222 500 222 833 556 556 Its much more difficult to become smart. Citadel Securities Llc is the 10 percent owner of General Moly Inc. After the outside investment, Griffin, 53, will own roughly 80% of the trading business, worth about $17.5 billion. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. /FontName /DDACTR+Wingdings As it battles with. 15 February, 2023 Citadel Securities, the market maker owned by Citadel's Ken Griffin, on Tuesday reported a 5.5% stake in cryptocurrency-focused lender Silvergate Capital Corp worth about $25 million, according to a regulatory filing. endobj The deal, which values Citadel Securities at about $22 billion, is the first outside investment in the firm, which was founded two decades ago by the billionaire Kenneth C. Griffin, who runs the multibillion-dollar hedge fund Citadel. /Descent 211 1-877-812-1590, Northern Trust hired workers last year at fastest clip in a decade, Wintrust eliminating all consumer overdraft fees, Fintech firm Amount lays off about a quarter of its staff. Billionaire Ken Griffin's $34 billion fund already made headlines when it set up a bubble in the Palm Beach Four Seasons for its Citadel Securities trading floor in April so market-makers. Click here to see the complete history of Citadel Securities Llcs form 4 insider trades. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. But investors beyond Wall Street, such as Warren Buffett and Carlos Slim, rank higher in wealth. sale /Descent 211 556 556 277 277 583 583 583 556 Recently the market making unit has been caught in the Securities and Exchange Commissions sweeping changes to rules underpinning the US stock market. >> 600 600 600 600 600 0 600 0 of 0 shares. The rise of Citadel Securities also has been helped by regulations meant to reduce risk in the financial system. Two venture capital firms, Sequoia Capital and Paradigm, invested $1.15 billion in Citadel in a bet on disrupting Wall Street. Citadel Investment Group has done relatively well for itself through the coronavirus outbreak. of 0 shares made by Citadel Gp Llc Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Photographer: Patrick T. Fallon/Bloomberg. Inspired by unmatched resources, exciting challenges and rich learning opportunities, our people quickly build remarkable careers. Both equities and fixed income fueled the trading growth, according to a person familiar with the results,with the firm making more investments in technology and talent to support growing client demand. Last month, it announced plans to close flagship hedge funds to outside investors and return cash. /Count 233 /Type /Pages a net It will be a very different playbook when we go through the next liquidity crunch.. During the past 18 months, 0 shares of E*TRADE Financial Corp (ETFC) were sold and 0 shares were bought by its insiders, resulting in a net 1015 666 666 722 722 666 610 777 and 1 [0 ] Griffin has sold a stake in Citadel, a market-maker, for $1.15 billion to Sequoia and Paradigm. sale Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. It ranks as the eleventh largest hedge fund manager in the world. By Andrew Ross Sorkin and Michael J. de la Merced. Citadel Securities to Receive First Outside Investment - WSJ Skip to Main Content Skip to Search Skip to. /Flags 36 666 666 666 666 666 666 1000 722 /Subtype /Type0 It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans. 556 556 556 556 277 277 277 277 Last years returns followed a strong 2020 and 2021, when the hedge fund posted more than 20% in each of those years. Griffin hasnt shown much sympathy for the competitions woes. 600 600 600 600 600 600 600 600 Yet expert witnesses, including Griffin, testified to Congress that Citadel Securities played no role in Robinhood's move. 399 548 333 333 333 576 537 333 As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require . Sequoia is one of Silicon Valleys top venture firms, having backed the likes of Apple, DoorDash and WhatsApp. /BaseFont /CourierNew 17 0 obj Cherry Hill Mortgage Investment Corp (CHMI)'s detailed insider trading history can be found in Insider Trading Tracker table. Chicago, IL 60601 The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. In 2017, the firm agreed to a $22.6 million settlement with the Securities and Exchange Commission over allegations that it had misled clients over a small portion of trades in its high-frequency equities business. Bruce Rauner, pumping more than $36 million into the venture capitalists campaigns. Explore Credit & Convertibles Equities Equities represents one of the largest and longest tenured businesses at Citadel. 556 556 556 556 556 556 556 548 In summary, during the past 3 months, insiders sold 0 shares of Cherry Hill Mortgage Investment Corp (CHMI) in total and bought 0 shares, with a net 666 666 610 277 277 277 469 556 /Type /Font Citadel Securities has posted 12 consecutive quarters of net trading revenue in excess of $1 billion, he said. 722 722 777 777 777 777 777 583 It is engaged in the business of exploration, development, and mining of properties containing molybdenum. Citadel Securities Llc is the other: See Note 1 in Remarks below of Huntsman Corp. Making money in high-frequency trading was initially all about speed, but that arbitrage opportunity has become much more limited. Griffins flagship hedge fund operated separately by Citadels investment management business also posted big gains last year, jumping 38% thanks to strong performance in everything from equities to commodities, according to a person familiar with the returns. 556 556 556 556 556 556 556 556 /Name /F2 The third company, Citadel Technologies was, established in 2009, as a wholly-owned and independently operated affiliate of Citadel, offering investment management technology, developed internally at Citadel, to a wide range of firms and funds, 0.394% of the total wealth of the 500 richest people in the world, 7.70% of the top United States college endowments, 451,089 times the median United States household income. 556 556 333 333 583 583 583 610 600 600 600 600 600 0 600 600 On Monday night, Citadel Securities broke its months-long silence on Twitter to address rumors circulating on social media that chief executive Ken Griffin lied to Congress about his actions. sale . Now its his powerhouse market maker thats driving the bulk of his fortune to new heights. Explore Equities Global Fixed Income & Macro We are a leading fixed income and macro business. The case is Citadel Securities LLC v. SEC, 20-1424, U.S. Court of Appeals for the District of Columbia Circuit. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. The gains at the hedge fund and securities business were earlier reported by the Wall Street Journal. 556 556 556 556 277 277 277 277 610 556 556 556 556 500 556 500 Citadel Securities LP was thrust into the spotlight in 2021, with day traders, lawmakers and regulators all scrutinizing the firm at the center of one of the U.S. stock market's wildest periods. Click below to see everything we have to offer. , A spokesperson for Citadels hedge funds declined to comment. of 25,000 shares. The growth of Citadel Securities is even more remarkable considering its history of management turnover. Citadel Securities is a next-generation capital markets firm. Past performance is a poor indicator of future performance. Citadel Securities said on Tuesday venture capital firm Sequoia Capital and crypto-focused investment company Paradigm had made a $1.15 billion minority investment in it, giving the market maker . /Type /FontDescriptor ] of 0 shares. 0 [500 ] /Flags 32 333 736 370 556 583 0 736 552 /StemV 0 Source: LCH Investment NV estimates, Top Hedge Fund Managers by Net Gains Since Inception as of 12/31/2022. Get access to all our coverage with a subscription to Crain's Chicago Business. This transformation of the markets has resulted in more liquidity, better pricing and lower transaction costs for end investors, he said. Citadel LLC (precedentemente nota come Citadel Investment Group, LLC) una societ multinazionale statunitense di hedge fund e servizi finanziari. 722 722 777 777 777 777 777 583 During the past 18 months, 1,700 shares of Motive Capital Corp II (MTVC) were sold and 1,700 shares were bought by its insiders, resulting in a net 600 600 600 600 600 600 600 600 556 222 222 500 222 833 556 556 Citadel Securities Ranked #2 on the 2022 LinkedIn Top Companies List in Financial Services, Citadel Securities Announces $1.15 Billion Investment from Sequoia and Paradigm, Read the Citadel Securities White Paper on Enhancing Competition, Transparency, and Resiliency in U.S. Financial Markets. endobj Citadel Securities handles more than 20% of trading volume in the U.S. stock market, according to Citadels website. Copyright Citadel Enterprise Americas LLC or one of its affiliates. CEO Peng Zhao has led . In summary, during the past 3 months, insiders sold 0 shares of Motive Capital Corp II (MTVC) in total and bought 0 shares, with a net 130 E. Randolph St. /FontBBox [ -628 -376 2000 1056 ] The effort ended after about two years. But those talks ended without a deal, people familiar with the matter said in October. 610 556 556 556 556 500 556 500 277 333 556 556 556 556 259 556 Other key executives at Huntsman Corp include The full-year results follow a record first half of 2022, which brought$4.2 billionin net trading revenue amid wild swings in markets including stocks, Treasuries and derivatives, Bloomberg reported. The firm has said it handles about 40% of all US retail trading volume and one in every four US equities trades. [54] They delayed certain equity orders from clients to buy or sell shares while continuing to trade the same stocks in its own account as part of its market-making activities, according to FINRA. J.B. Pritzker. In summary, during the past 3 months, insiders sold 0 shares of Huntsman Corp (HUN) in total and bought 0 shares, with a net (Bloomberg) Citadel Securities raked in a record $7.5 billion in 2022, capitalizing on last year's volatility and raising its presence as one of the largest trading units in the US. iIxBQ\@kB3m Waj^WL7y>_2^89B/{(eF D:_aY1FJx=y&HB:vC d xU#cB]*^,#7c9sJOgY2r"\sm3*'vE47' CimZTS#a,?arJlYf5 _;peMTv;tK$rU2Px=(C%V0pN?U,A^N. /Subtype /TrueType If we werent there, Griffin said, the market would clearly function, and function in a competitive manner.. 277 277 354 556 556 889 666 190 He founded Citadel in 1990 but first began trading from his Harvard dorm in 1987.. Business Insider: A small band of human traders at electronic trading giant Citadel Securities are crushing it, and they could help the firm tap into a $800 billion market. Find out your standings in the corporate world. /Subtype /TrueType 18 0 obj >> << /Type /FontDescriptor In summary, during the past 3 months, insiders sold 411,105 shares of Seritage Growth Properties (SRG) in total and bought 0 shares, with a net 1-877-812-1590, Northern Trust hired workers last year at fastest clip in a decade, Wintrust eliminating all consumer overdraft fees, Fintech firm Amount lays off about a quarter of its staff, Sponsored Content: Luxury Home of the Week, The Most Powerful Women In Chicago Business. Citadel Securities was formed in 2002 and accounts for over 10% of U.S. equity trading volume. December 18 2021. %PDF-1.3 As of the 5th of April, he was worth $30.8 billion but today his net worth has dropped to $30.5 billion. In response, Griffin said his firm was well positioned to provide liquidity because it captures and processes data better than banks, allowing Citadel Securities to offer prices with more confidence during times of market stress. a net /Registry (R\( {) , of 15,000 shares made by Curtis E Espeland Bloomberg and its Billionaires Index estimate that Griffin will own about 80% of the company after the sale, a stake worth $17.5 billion. stream /ItalicAngle 0 333 1000 500 333 943 0 500 666 endobj After several years of growing tensions, the potential for a reset under Australia's new Labor government is in question as trade sanctions remain and diplomatic disputes persist. 399 548 333 333 333 576 537 333 /LastChar 255 During the past 18 months, 963,410 shares of Seritage Growth Properties (SRG) were sold and 0 shares were bought by its insiders, resulting in a net Citadel Securities started as a high-frequency market-maker in options before pushing into equities. Citadel Securities accused the SEC of having "ignored" evidence that retail investors would be "harmed . 600 600 600 600 600 600 600 600 Murphy 333 1000 666 333 1000 0 610 0 600 600 600 600 600 600 600 600 Fundamental company data provided by Morningstar, updated daily. sale It generates a majority of its revenue from tenants. 2 / Civic Leadership Citadel and Citadel Securities Partner with Thrive Scholars to Unlock Opportunities for High-Achieving Students of Color From . Jan 11, 2022, 08:05 ET CHICAGO, Jan. 11, 2022 /PRNewswire/ -- Citadel Securities, a leading global market maker, announced today that Sequoia and Paradigm have made a $1.15 billion minority. Select Dow Jones, a News Corp company About WSJ News Corp is a global, diversified. Wealth-X estimates that Griffin's net worth includes about $460 million from his ownership stake in Citadel, the hedge fund he founded in 1990, just a year after he graduated from Harvard. 777 722 722 722 722 666 666 610 He is now worth $28 billion, according to Bloomberg, overtaking Carl Icahn and Jim Simons. endobj The Most Powerful Women In Chicago Business. /LastChar 255 Technology has fueled the rise of nonbank market-makers, according to Tabb. His comments came during a discussion at the Economic Club of Chicago where he shared his thoughts on such topics as COVID-19 vaccine mandates, cryptocurrency, remote working, government spending and rising inflation. Suite 3200 /Flags 35 endobj /FontName /Arial /StemV 0 600 0 600 600 600 600 600 600 600 600 600 600 600 600 600 600 What attracts top talent to Citadel Securities? Employees at Citadel earn an average of $379k, mostly ranging from $294k per year to $867k per year based on 273 profiles. 333 333 365 556 833 833 833 610 Their smaller size and highly targeted business models make it easier to respond to changes and improve technology. Apr 2, 2020. The billionaire whose biggest asset is Citadel Securities started off the year great as he gained over $9.52 billion as a result of an increase in the share price by 44.7% from the beginning of the year. It shouldnt be a surprise that legacy participants publicly yearn for the old days when they extracted disproportionate rents from investors on the basis of anti-competitive business practices, Griffin added. He's intent on writing a new playbook, both for former athletes and the PE industry. >> . << Firm brought in $6.7 billion of net trading revenue in 2020, Market maker seeks loan for debt repayment, trading capacity. In summary, during the past 3 months, insiders sold 0 shares of E*TRADE Financial Corp (ETFC) in total and bought 0 shares, with a net ] /CapHeight 500 Griffin, seeking to take advantage of the disruption caused by the financial crisis, built a full-service investment bank that would compete with Wall Street by offering research, underwriting and mergers-and-acquisitions advice. 600 600 600 600 600 0 600 600 Other key executives at General Moly Inc include /ItalicAngle -120 /Flags 96 They include reforming the citys pension system, beefing up law enforcement and improving the citys schools. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. Citadel employees make an average base salary of $379k & a total compensation of $579k. 600 600 600 600 600 600 600 600 sale Founded in 1990 by Kenneth C. Griffin, it has more than US$50 billion in assets under management as of May 2022. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 600 600 600 600 600 600 600 600 Citadel Securities Llc made /Name /F1 Citadel Securities trades in more than 35 countries and is responsible for executing over 20% of equity orders. The billionaire sold a $1.15 billion stake in Chicago-based Citadel Securities to Sequoia Capital and Paradigm, valuing the firm at approximately $22 billion. Sponsored Content: Global Tax Rules Take Shape Whats Next for Multinational Companies? The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Griffin has about $5.4 billion invested in Citadel funds, according to the Bloomberg Billionaires Index. 722 722 777 777 777 777 777 583 /Ascent 832 Founded in 1990 by Ken Griffin, it has more than $62 billion in assets under management as of December 2022. Mr. Griffin, whose net worth was most recently estimated at $21 billion, is believed to own about 85 percent of the securities unit, according to Bloomberg. >> and 3 0 obj Citadel Securities Llc made and Citadel Securities has carved out a unique place in the financial markets through its ability to absorb and price risk using techniques and capabilities from far outside the traditional world of Wall Street, Alfred Lin, a Sequoia partner who will take a seat on Citadel Securities board, said in a statement. 722 277 556 722 610 833 722 777 333 556 556 500 556 556 277 556 /Encoding /WinAnsiEncoding a net /FontDescriptor 13 0 R On December 10, 2018 the Securities and Exchange Commission fined Citadel Securities $3.5 million for the following: "From November 2012 to August 2016, Citadel submitted 2,774 EBS to the Commission, all of which contained deficient information, resulting in incorrect reporting of trade execution time data for approximately 80 million trades. of 0 shares. Lobbying in 2022: $300,000. ] . 600 600 600 600 600 600 600 600 500 500 500 333 259 333 583 0 By targeting big banks, regulators hampered their ability to provide liquidity, JPMorgan Chase & Co. asset management chief Mary Erdoes said last year at the Bloomberg Global Business Forum, where Griffin was a guest. /ItalicAngle 0 /Name /F4 While understanding where prices are in different markets is important, traders need to predict where prices are going. << /Length 345 >> >> , 1 0 obj /Widths [ % . The disruptive innovation that has taken place within the equities market has created winners and losers, he said in written testimony for a 2014 hearing of the Senate Banking Committee. Today, it dominates that realm, handling more than 1 of every 5 shares traded in the U.S. Controller/Principal Acctg Off Amanda Corrion Late last year Griffin bought a copy of the US Constitution for $43.2m, beating a . 500 500 500 333 259 333 583 0 666 666 610 277 277 277 469 556 4 0 obj Citadel Securities, the sister firm of the billionaire Ken Griffin's hedge fund, has emerged as one of the big winners of the day-trading boom. /Widths [ no insider transaction in Huntsman Corp (HUN). , Priyanka will be seen in "Citadel" as a . endstream During the past 18 months, 0 shares of Huntsman Corp (HUN) were sold and 25,000 shares were bought by its insiders, resulting in a net Yesterday Sequoia Capital and Paradigm shared they had invested nearly $1.2 billion into Citadel Securities, the market maker that came under attack during the GameStop saga that revealed some. sale >> When swaps are traded bilaterally, the quality of a counterparty is important because its failure exposes its trading partner to the value of the swap. . This investment adviser does not provide advice to individual investors. 556 556 556 556 277 277 277 277 Anyone can read what you share. 333 736 370 556 583 0 736 552 endobj "Bloomberg Opinion" columnists offer their opinions on issues in the news. Citadel Securities's new valuation raises Griffin's wealth by $6.5 billion to $27.6 billion and vaults him past Jim Simons, founder of famed quantitative hedge fund Renaissance Capital, and. /FontName /CourierNew They're about to learn that amid the uproar, the financial giant had its best year ever. 556 0 222 556 333 1000 556 556 Theyve been replaced by firms like Citadel Securities that are less regulated, and the market doesnt yet know if theyll be reliable partners in a crisis, she said. 333 1000 500 333 943 0 500 666 But his unfamiliarity with the world of finance came through during client meetings, where his management cliches and business-book catchphrases led to some uncomfortable encounters, Bloomberg reported at the time. That really made people more broadly start to pay attention, he said. 399 548 333 333 333 576 537 333 /Descent 300 Its product portfolio comprises Methyl diphenyl diisocyanate (MDI), Amines, Maleic anhydride, Epoxy-based polymer formulations. director & President and CEO Jay Lown Its a top 5 liquidity provider in foreign exchange and also trades Treasuries, credit indexes, ETFs and interest-rate swaps. You might contact Citadel Securities Llc via mailing address: 131 South Dearborn Street, Chicago Il 60603. purchase , Ken Griffin, the chief executive of Citadel. 333 1000 666 333 1000 0 610 0 Griffin, who had a net worth of $29 billion before last years results, founded the hedge fund Citadel in 1990. . Citadel Securities is the next-generation capital markets firm. If thats the case, his stake in Citadel Securities alone would be valued at some $18 billion. . director & Executive Director Robert L Russell 1.36% of United States existing home sales. 600 600 600 600 600 600 600 600 Then in July 2016, with great fanfare, Griffin handed the job to former Microsoft Corp. operating chief Kevin Turner. The first company Citadel was started by the founder Ken Griffin out of his dorm room at Harvard University trading convertible bonds. 277 333 556 556 556 556 279 556 Volcker probably resulted in nonbank dealers permanently displacing banks in the corporate bond market, according to a working paper published in August by the U.S. Treasury Departments Office of Financial Research. 556 556 556 556 556 556 889 500 VP & Controller Steven C. Jorgensen articles a month for anyone to read, even non-subscribers! Ken Griffin Talks Russia, Market Chaos and a Move to Go Public. At Citadel Management Ltd., 218 employees received an average of $1.1m each last year in Europe. Ken Griffin wants to move historic home off $106 million property: report, Ken Griffin sues IRS for failing to protect his financial data, The harshest mayor's race in years is being fueled by unions and Citadel donors, Developers unveil plans to turn LaSalle Street offices into apartments, Fertilizer giant slashes HQ space with move to Northbrook, The inside story of how Chicago won the $250M Chan Zuckerberg Initiative biotech research lab. You guys need some new medicine, too, because some of the same problems that we have faced is now unfolding in New York, Griffin said. At Citadel Securities, there are no investor funds, so the efforts of its employees primarily benefit those who own the business. 975 722 722 722 722 666 610 777 277 333 474 556 556 889 722 237 556 556 333 500 277 556 500 722 Deal values trading firm at $22bn and paves way for initial public offering. 600 600 600 600 600 600 600 600 Eight years ago, Citadel Securities was looking like a failed experiment. The firm could be in line for more lucrative assignments as startups bypass traditional public offerings for so-called direct listings. 5 0 obj As of the 5th of April, he was worth $30.8 billion but today his net worth has dropped to $30.5 billion. The list of flaws with this team are many, but the fact that this Bulls front office thought Russell Westbrook might help them out could be atop that list. Citadel Securities went from strength to strength in 2020, as the pandemic spurred wild swings across finance. endobj . He outbid a group of crypto fans, known as ConstitutionDAO, who had put together money in an effort to buy the document. But the rule named for former Federal Reserve Chairman Paul Volcker created uncertainty because market-making from the bank perspective was very difficult to define, said Nathan Dean, a Bloomberg Intelligence analyst. Other key executives at Cherry Hill Mortgage Investment Corp include E-mail oureditor Griffin owns at least 75% of both businesses. As the teaser ended, there were a few glimpses of action sequences. Last year, helped by increased volatility, their labors produced gross revenue of $5.7 billion, which excludes certain trading expenses. Missing Crain's in print? 610 610 610 610 610 556 610 556 S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula . /Type /FontDescriptor /Name /F5 Hope project and 100% of the Liberty project. He later established Citadel Securities, the trading firm that serves asset managers, banks, broker-dealers, hedge funds, government agencies and public pension programs. Citadel Securities Llc is the 10 percent owner of Cherry Hill Mortgage Investment Corp. Stock quotes provided by InterActive Data. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. BC-Citadel-Securities-Opens-Up-After-Record-$7-Billion-Windfall , Katherine Doherty (Bloomberg) -- Citadel Securities LP was thrust into the spotlight in 2021, with day traders, lawmakers and regulators all scrutinizing the firm at the center of one of the U.S. stock market's wildest periods. Griffin was a generous supporter of former Republican Gov. The market-making firm, which is actually separate from Griffins hedge fund, generated $3.5 billion of revenue last yearvastly outpacing nonbank peers and catching up with Wall Street rivals. 666 666 666 666 277 277 277 277 Fondata nel 1990 da Kenneth Griffin, la societ gestisce due attivit principali: Citadel, uno dei maggiori alternative asset manager al mondo, con pi di US $ 35 miliardi di asset . Musk Made a Mess at Twitter. Head office at Citadel Center Website 13 more rows (Bloomberg) Citadel Securities raked in a record $7.5 billion in 2022, capitalizing on last years volatility and raising its presence as one of the largest trading units in the US. Citadel Securities handles more than 20% of trading volume in the U.S. stock market, according to Citadel's website. Still, the securities business continues to expand rapidly and is now vying to become one of the Feds primary dealers. 666 666 610 277 277 277 469 556 , /CapHeight 500 Article continues . LogIn/SignUp For Employers . It's been a half century since Australia and China established formal relations, but neither side is really celebrating. ] Revenue for the market-making arm of billionaire Ken Griffins Citadel empire jumped 7.1% from the previous years $7 billion, a spokesperson confirmed. Zhao, 36, was plucked from his position as chief scientist to become CEO and is effectively a Citadel lifer, having worked there for 13 years. Almost all the company's revenue is generated within the U.S. Citadel Securities Llc is the director of E*TRADE Financial Corp. 666 777 722 666 610 722 666 943