Finance
Citadel Securities Opens Up After Record $7 Billion Windfall
- Griffin’s trading giant benefited from market turmoil in 2021
- After facing scrutiny, firm wants to tell own story: CEO Zhao
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Citadel Securities LP was thrust into the spotlight in 2021, with day traders, lawmakers and regulators all scrutinizing the firm at the center of one of the U.S. stock market’s wildest periods. They’re about to learn that amid the uproar, the financial giant had its best year ever.
Billionaire Ken Griffin’s stock-trading powerhouse posted record revenue of $7 billion, as frenzied bouts of volatility helped drive up earnings. The figure, disclosed by people familiar with the matter who declined to be named discussing private information, topped the firm’s previous record of $6.7 billion in 2020, when the pandemic upended global markets.