Citadel Securities Hits Record $4.3 Billion Q1 Revenue as Iran War and AI Jolt Markets
Updated
Updated · Financial Times · May 29
Citadel Securities Hits Record $4.3 Billion Q1 Revenue as Iran War and AI Jolt Markets
3 articles · Updated · Financial Times · May 29
Citadel Securities generated a record $4.3 billion in first-quarter trading revenue and $1.9 billion in net income, according to people familiar with the matter.
Iran war-driven swings in oil and Treasury markets, along with AI-fuelled volatility in US stocks, created the price dislocations that market makers profit from.
About $27 billion in combined Q1 trading revenue was booked by Citadel Securities, Jane Street and Hudson River Trading, with Jane Street alone reaching $16.1 billion.
Roughly 25% of US equities volume runs through Citadel Securities, which is also pushing further into high-touch equity trading after hiring JPMorgan executive Elan Luger.
That expansion pits the Ken Griffin-owned market maker more directly against banks even as trading firms and Wall Street desks alike cash in on unusually turbulent markets.
With global conflict fueling record financial profits, is market volatility the most valuable modern commodity?
AI is boosting US productivity while eliminating jobs. Can this tech-fueled growth withstand rising inflation and geopolitical risks?
A fragile Iran peace deal hangs in the balance. Could its collapse trigger a deeper global economic crisis?