Citadel

Nick Babcock

Business

Hedge fund

Offices worldwide – Headquartered in Chicago

Provide services to retail traders

TD Ameritrade

Scottrade

etrade

Financials

22 Billion Assets Under Management

World’s largest options market maker

Behind 1 in 7 options trades

20% return on investment year over year

Excluding 2008

Background

Founded in 1990

Ken Griffin – Harvard Dropout

“programmer”

Wealthy

Prominent

Philanthropic

The seven pillars of success

What’s Hot

High Frequency Trading

Surveyor Capital

Licensing infrastructure techniques

Secret Sauce

Technologists

Poaching successful portfolio managers

Story time

Mono sucks

Gift baskets don’t

Revolving door

Big No-no’s

Java

Flash Boys

Competitors

Two Sigma

Jump Trading

Goldman Sachs

Future

Here to stay for awhile

My predictions:

Stagnating growth

Revolving door keeps on spinning

Can’t just throw money at your problems