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@HideNotSlide

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Hide Not Slide

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Helping investors become smarter & more informed about exchanges.

LOST IN THE CITADEL SECURITIES
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    1. Hide Not Slide‏ @HideNotSlide May 10

      You'll never see them on SNL. You'll rarely hear them in the news. You'll likely never see them before Congress. Just outside of the spotlight, Jump Trading is solidifying itself as the world's top crypto HFT firm. Here's why I view Jump as the Citadel of crypto:pic.twitter.com/ab9txaab3x

      4 replies 15 retweets 90 likes
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    2. Hide Not Slide‏ @HideNotSlide May 10

      First, why Citadel is not the Citadel of crypto. Ken Griffin has shared his low opinion of crypto on the record, saying he doesn't spend much time thinking about the asset & can't see its economic value. Unless he pivots quick, Griffin's likely missed the boat on crypto.pic.twitter.com/fvNhBQhDP7

      2 replies 0 retweets 2 likes
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    3. Hide Not Slide‏ @HideNotSlide May 10

      Meanwhile, where Citadel has turned away, Jump Trading has stepped up. Take Robinhood - Jump is the primary market maker for Robinhood's retail crypto order flow. What Citadel does for Robinhood's equity & options business, Jump does for crypto.https://www.bloomberg.com/news/articles/2019-05-29/robinhood-s-free-crypto-trades-powered-by-chicago-s-jump-trading …

      1 reply 0 retweets 5 likes
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    4. Hide Not Slide‏ @HideNotSlide May 10

      For now crypto is a less regulated asset class with less disclosure requirements than Robinhood's traditional services. Crypto PFOF is almost certainly a thing even though we hear nothing about it.pic.twitter.com/rNM6e1cFC0

      1 reply 0 retweets 6 likes
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    5. Hide Not Slide‏ @HideNotSlide May 10

      For Jump, crypto started as a recruiting tool. It needed a better way to attract talent, so it set up a college internship program to collect crypto data in the early 2010s. This data became so valuable when crypto liquidity improved that Jump HAD to trade with it.

      1 reply 0 retweets 5 likes
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    6. Hide Not Slide‏ @HideNotSlide May 10

      Jump doesn't just help Robinhood with its crypto business. Jump is *everywhere* in the space. -Top market maker on BitMEX -Top market maker on Bitfinex -Partnered w/ FTX & invested in Serum DEX -Invested in sports fan token startup Chiliz

      1 reply 1 retweet 11 likes
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    7. Hide Not Slide‏ @HideNotSlide May 10

      What interests me the most about Jump is its fanatical love for DeFi. Jump doesn't talk to the media & doesn't even have a website, but it DOES have a crypto podcast. On it Jump executives talk about DeFi as the next Wall Street game changer:https://open.spotify.com/episode/6UbBR0sJutMUi2bmDJHJYp …

      2 replies 0 retweets 14 likes
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      Hide Not Slide‏ @HideNotSlide May 10

      In a recent episode, Jump talked about its partnership with Pyth, a data provider that's working to integrate smart contracts into legacy Wall Street systems & processes. They think DeFi will revolutionize the way exchanges & markets work in 5-10 years time.pic.twitter.com/dsBNh4LCBa

      7:10 AM - 10 May 2021
      • 7 Likes
      • Michael Carroll drew Namorama lǝnƃᴉɯ ɐƃɐlɐɯ Prdctnomics - The economics of digital products Nish Gurnani
      3 replies 0 retweets 7 likes
        1. Hide Not Slide‏ @HideNotSlide May 10

          I'm fascinated by the influence Jump Trading has over legacy Wall Street and the crypto space without nearly any public media coverage. I'll be diving more into Jump's history & business in this week's newsletter - sign up below so you don't miss it:https://frontmonth.substack.com/ 

          2 replies 0 retweets 15 likes
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        1. Emily (Former TradFi CFA, CAIA, CA, MBA) APE  🦇 🔊‏ @AutomataEmily May 10
          Replying to @HideNotSlide

          Thanks to this just found out about @PythNetwork and what they are looking to add • US Equities, Crypto • Futures and FX • Expand TWAPs and add volatility and other data metrics

          0 replies 0 retweets 2 likes
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        1. maxrobot‏ @maxrobot5 May 10
          Replying to @HideNotSlide

          5-10 years time... sooner I hopehttps://okapi.finance 

          0 replies 0 retweets 1 like
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