Ken Griffin’s market-maker Citadel Securities brought in a record $4.3bn in trading revenue in the first quarter as the firm benefited from market volatility stoked by the Iran war.
The firm earned $1.9bn in net income, according to people familiar with the matter. Citadel Securities declined to comment.
Trading desks at banks and proprietary firms such as Citadel Securities have posted record results as the war has fuelled ructions in financial markets. Oil prices and short- and long-term Treasury rates have seesawed as investors grapple with the war’s impact on the global economy.
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