Citadel’s Dark Pool: SEC Draws a Dark Curtain Ar
Post# of 4611
Posted On: 08/18/2014 8:34:29 AM
Citadel’s Dark Pool: SEC Draws a Dark Curtain Around Its Operations
By Pam Martens and Russ Martens
August 14, 2014
Ken Griffin, Owner of Hedge Fund Citadel, Giving a Speech at the Economic Club of Chicago in May, 2013
In response to a Freedom of Information Act (FOIA) request from Wall Street On Parade seeking information on how Citadel’s dark pool, Apogee, operates, the Securities and Exchange Commission responded in a letter dated August 12, 2014 that “we have determined to withhold records responsive to your request….”
Dark pools are the unregulated stock exchanges currently under scrutiny for potentially illegal market rigging activities. We were not asking for trade secrets or results of examinations. We simply wanted basic information on how the Apogee dark pool operates in the marketplace. Mary Jo White, Chair of the SEC, has promised greater transparency by her agency, and yet, this very basic level of information was denied.
Other dark pools like Liquidnet, Credit Suisse Crossfinder, and even the mighty Goldman Sachs’ dark pool, Sigma-X, have released their Form ATS describing the operations of their dark pools. What’s so secretive about how Citadel operates that it needs the SEC to run interference for it?
Continued at:
http://wallstreetonparade.com/2014/08/citadel...perations/
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Citadel's Quote Stuffing 'Trading Strategy'
Eric Hunsader, Nanex
http://www.nanex.net/aqck2/4670.html
thank you basserdan
By Pam Martens and Russ Martens
August 14, 2014
Ken Griffin, Owner of Hedge Fund Citadel, Giving a Speech at the Economic Club of Chicago in May, 2013
In response to a Freedom of Information Act (FOIA) request from Wall Street On Parade seeking information on how Citadel’s dark pool, Apogee, operates, the Securities and Exchange Commission responded in a letter dated August 12, 2014 that “we have determined to withhold records responsive to your request….”
Dark pools are the unregulated stock exchanges currently under scrutiny for potentially illegal market rigging activities. We were not asking for trade secrets or results of examinations. We simply wanted basic information on how the Apogee dark pool operates in the marketplace. Mary Jo White, Chair of the SEC, has promised greater transparency by her agency, and yet, this very basic level of information was denied.
Other dark pools like Liquidnet, Credit Suisse Crossfinder, and even the mighty Goldman Sachs’ dark pool, Sigma-X, have released their Form ATS describing the operations of their dark pools. What’s so secretive about how Citadel operates that it needs the SEC to run interference for it?
Continued at:
http://wallstreetonparade.com/2014/08/citadel...perations/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Citadel's Quote Stuffing 'Trading Strategy'
Eric Hunsader, Nanex
http://www.nanex.net/aqck2/4670.html
thank you basserdan
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