Comment Comment by slt2021 Citadel gross trading profit totalled $28bn last year, https://www.hedgeweek.com/citadel-makes-record-16bn-profit/#....60B is a balance at a specific date 12/31/2022, they trim the balance by the EOY and harvest losses.the average balance is much bigger and fluctuates heavily given market demand.UPD: I stand corrected, the market making arm only made meager $5,000,000,000 for the 6 months, so more like 10,000,000,000/year, not 28https://www.nasdaq.com/articles/citadel-and-jane-street-set-... parent slt2021 1 year ago
60B is a balance at a specific date 12/31/2022, they trim the balance by the EOY and harvest losses.
the average balance is much bigger and fluctuates heavily given market demand.
UPD: I stand corrected, the market making arm only made meager $5,000,000,000 for the 6 months, so more like 10,000,000,000/year, not 28
https://www.nasdaq.com/articles/citadel-and-jane-street-set-...