Launch HN: Double (YC W24) – Index Investing with 0% Expense Ratios

Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by slt2021 on Tuesday December 10, 2024 @03:11PM (#42380912)

  Citadel gross trading profit totalled $28bn last year,

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

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Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by gruez on Tuesday December 10, 2024 @03:23PM (#42381025)

"Citadel Securities is a separate entity from the hedge fund Citadel LLC"

The market maker boogeyman is Citadel Securities, not Citadel LLC.

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Re:Launch HN: Double (YC W24) – Index Investing with 0% Expe... by taway789aaa6 on Tuesday December 10, 2024 @05:43PM (#42382484)

Assuming that they have a proper firewall between the two and there are no conflicts of interest..

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