WTF! 🔥 FORMER CITADEL TRADER EXPOSED KEN GRIFFIN ON CNBC 🔥 - AMC Stock Short Squeeze Update
1,548Dave Lauer, a former citadel trader, just exposed Ken Griffin LIVE on CNBC, Citadel wrote to the SEC to ban PFOF and dark pools back in 2004, oh how the turns have tabled...
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Links;
https://www.trendsmap.com/twitter/tweet/1423036590235037701
https://www.sec.gov/rules/concept/s70704/citadel04132004.pdf
Dave Lauer, former Citadel trader, spoke to Melissa Lee on CNBC about PFOF and Dark Pools, and how the majority (70%) of AMC volume is going through dark pools and not through lit exchanges, a corrupt practice that does not aide price discovery.
Interestingly, Dave noted that Citadel were fighting for EXACTLY THE SAME THING back in 2004, urging the SEC to bank PFOF and internalisation of orders.
I managed to dig up the old 2004 letter from Citadel to the SEC and digest it in this video.
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