Quote:
Originally Posted by LouisVanDerWright
Citadel is easily more important than CBOE these days. Hell Citadel has built such a huge position clearing trades that they may be as important as CME at this point...
Citadel is the #1 market maker for retail trades clearing 40% of all retail trading:
https://amp-ft-com.cdn.ampproject.or...7-e743a3ff609b |
Very true, especially as more retail trading apps come online they usually do not have their own tech at this level. They rely on companies like Citadel to execute orders. Pretty much the story of a lot of the new apps and digital banks - tech wise they're just using big institutions still and making people believe they aren't LOL.
From a perspective on who owns the most important markets it's NYC and then Chicago quite easily.
Also GDP is fun to look at. In 2019 dollars for year 2019 and by MSA. Unfortunately insurance is combined in here:
1. NYC: $341.7B
2. Chicago: $74.2B
3. LA: $61.9B
4. Boston: $52.1B
5. Dallas: $47.6B
6. Philadelphia: $46.6B
7. San Francisco: $45.6B
8. Atlanta: $37.6B
9. Minneapolis: $30.3B
10. Charlotte: $28.1B
11. Houston: $28B
12. Miami: $24.4B
13. Phoenix: $23.4B
14. Hartford, CT: $21.2B
15. Cincinnati: $20B
16. Bridgeport, CT: $17.8B
17. Columbus, OH: $16.7B
18. Seattle: $16.5B
19. Cleveland: $16.4B
20. Des Moines: $16.3B
21. Detroit: $16B
22. Denver: $15.8B
23. St. Louis: $15.3B
24. Tampa: $14.4B
25. San Antonio: $14.1B