Former Citadel quants’ fintech Moment raises $78m for AI trading stack

The court ruling enables IEX to potentially transform US options trading, promoting fairness and challenging high-frequency trading dominance. The post IEX Group clears path for new options exchange after court ruling against Citadel Securities appeared first on Crypto Briefing.

Citadel's record trading revenue amid volatility highlights potential market dominance, raising systemic risk concerns in both traditional and crypto markets. The post Citadel Securities reels in record $4.3B trading haul as volatility mints money appeared first on Crypto Briefing.

A swift reopening of the Strait could stabilize oil prices, ease global inflation, and boost crypto demand, but hinges on fragile diplomacy. The post Citadel Securities says markets are underpricing a timely Strait of Hormuz reopening appeared first on Crypto Briefing.

A swift reopening of the Strait could stabilize oil prices, ease global inflation, and boost crypto demand, but hinges on fragile diplomacy. The post Citadel Securities says markets are underpricing a timely Strait of Hormuz reopening appeared first on Crypto Briefing.

The post New York passes Mamdani’s pied-a-terre tax. Who pays and how much appeared on BitcoinEthereumNews.com. The 220 Central Park South building, center, stands in New York, U.S., on Wednesday, Jan. 23, 2019. Just days after buying one of the most expensive residential properties in London, Citadel founder Ken Griffin set a U.S. record with the $238 million penthouse at 220 Central Park South. Jeenah Moon | Bloomberg | Getty Images New York City’s new tax on second homes will more than double property taxes owed by many wealthy luxury apartment owners, according to tax experts. State lawmakers on Wednesday passed the tax on non-primary residences in order to help close the city’s budget gap. The so-called pied-a-terre tax will be imposed on second homes valued at $1 million or more. It’s expected to raise $500 million in revenue. Details on the tax obtained by CNBC show that the property tax would take effect in two different phases. In the first two years – the tax years 2026-2027

The post How AI Can End Recessions As We Know Them appeared on BitcoinEthereumNews.com. Ken Griffin wasn’t buying the AI panic. At Davos in January, the billionaire founder of Citadel, the Miami hedge fund giant with $68 billion in investment capital, dismissed artificial intelligence’s output as “garbage.” Then this month, Griffin did a 180. He watched AI agents do complex work in hours that once took Citadel employees weeks or even months. Citadel’s entire business is built around hiring brainiacs. More than 40% of its employees hold advanced degrees, including about 270 Ph.D.s across 40 fields. These are some of the highest-paid workers in America –the median annual compensation for software engineers at Citadel is more than $500,000– and software that can replace even part of that labor could save firms like Citadel enormous amounts of money. Griffin still said he went home depressed because machines were starting to do work that once only those people could do. Economists may soon

Robinhood's AI trading beta could reshape market dynamics, increasing liquidity but also potentially heightening volatility during major events. The post Robinhood launches beta support for AI agentic trading and payments appeared first on Crypto Briefing.

Robinhood's AI trading feature could democratize access to advanced trading strategies, but it also introduces new risks for retail investors. The post Robinhood launches beta support for AI agentic trading and payments appeared first on Crypto Briefing.