Citadel's FY 2020 results came out today - they're way bigger than Virtu but have lower margins. Makes sense given the public/private differences, no pressure to maximize profitability:pic.twitter.com/272C5eTMK0
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Interesting - years like 2020 would in theory be where taking more risk might have backfired, but Citadel seems to have managed pretty well.
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So I guess in that same vein, Citadel does worse in calm times than Virtu?
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