Ken Griffin, founding father of Citadel hedge fund and market maker Citadel Securities, obtained a glimpse of what to anticipate from the remainder of a five-hour congressional listening to on February 18 when Maxine Waters, chair of the Monetary Providers of the Home of Representatives, requested that he reply sure questions with “sure” or “no” solutions.
After a query about market share, Waters requested if Griffin may affirm that on January 27, on the top of the GameStop buying and selling frenzy, Citadel Securities had executed 7.4 billion shares for retail traders and if it was. was greater than the common day by day quantity of the set. US fairness market in 2019.
Griffin seemed stunned – comprehensible. The nugget of quantity info was the one he had simply learn himself.
“President Waters was my written and oral testimony,” Griffin started to reply, within the slowed down supply that indicated intensive teaching by communications specialists previous to his arrival on the congressional stage.
Griffin would later admit in testimony that he had 4 individuals within the room for backup, though solely two potted crops could possibly be seen by his facet as he spoke on a distant liaison. (Who have been the mysterious off-camera advisers? Citadel declined to remark.)