Gold prices near $4,500/oz record high on rate cut bets, US tariff uncertainty
Investing.com -- Citadel Securities, the market-making firm founded by Ken Griffin, saw its net trading revenue decline by 8.4% in the second quarter to $2.39 billion, according to Bloomberg, citing sources familiar with the matter.
Despite the quarterly drop, the company achieved a record first half with total net trading revenue reaching $5.77 billion, benefiting from a strong performance in the first three months of the year.
The elevated market volume that has persisted since President Donald Trump began implementing tariffs on various countries earlier this year has generally been advantageous for market makers like Citadel Securities, which facilitate buying and selling of assets for clients.
Under the leadership of CEO Peng Zhao, the privately held firm has been expanding into new asset classes and geographic markets, according to sources who requested anonymity as they were discussing non-public information.
The firm’s performance reflects the impact of market volatility driven by geopolitical tensions and the ongoing tariff disputes initiated by the Trump administration.
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