Citadel's Jamil Nazarali on Equity Markets and Trading

The video discusses the efficiency of US equity markets, highlighting improvements in trading costs and speed. Despite these advancements, a narrative persists that the market is rigged, partly due to automation creating winners and losers. The SEC's role in market improvements is examined, with a focus on circuit breakers and forward-looking strategies. Citadel's position on market evolution, including opposition to IEX's application, is explored. The video concludes with Citadel's market share ambitions and the potential benefits of being perceived as independent from its parent company.

How have trading efficiencies improved for retail investors over the years?

What are some reasons investors believe the market is rigged?

What improvements has the SEC's equity market structure committee been looking into?

What challenges do regulators face in predicting future market issues?

What is Citadel's stance on the IEX application to become an exchange?

What are the potential consequences of IEX's approval according to Citadel?

How does Citadel view the current functioning of US equity markets?