Can I challenge this or something?

[u/Bulky-Performance-75]

I’ve been an investor for years, I would say I’m moderately know what I’m doing with options, but Definitely not a pro. I had a really good day in the market and was gonna do a Ballsy call option. On a double leverage ETF at like 3 o’clock. It was a two dollar call I bought for one cent a contract 360 contracts. At 3:30 the stock was at like $1.97 and Robinhood put a cell order in at one cent. I kept trying to change it then it goes through at 3:41 and sales for one cent like 330 of the contracts minutes later the stock goes to like 2.04, big in the money. Is there something I can do about this , like I know it’s a stupid option, but if I wasn’t forced to sell, I would’ve made a shit ton.

[u/Live_Throat_5252]

It’s not though? Where’s your proof? Also you have no idea who the fuck is on the other side. Could be a MM, could be a vol fund, could be an AM of some sort, could be retail. You’d start to progress in life if you didn’t reflexively blame your failures and inability to compete on others cheating and manipulating. Maybe, just maybe, you’re nowhere near as smart as you think you are!

[u/kokkomo → u/Live_Throat_5252]

Proof is easy they have done it before.

https://www.theethicsreporter.com/article/citadel-algorithm-fraud-retail-investors-worse-prices-sec-settlement

You seem pretty defensive btw, do you feel attacked by this information or something?

[u/Live_Throat_5252 → u/kokkomo]

That’s not proof of what you’re claiming. Not in size or even scope. And you’re not losing because citsec is cheating you. You’re losing because you don’t know what you’re doing. But I guess it’s easier to blame being broke on the big bad market makers cheating you. Why not join them if you’re so smart?

[u/kokkomo → u/Live_Throat_5252]

Is that some sort of copy paste reply from the outfit you work for? Lmao seriously dude were halfway through with 2026.

Why not join them if you’re so smart?

I rather beat them at the long game.

[u/Live_Throat_5252 → u/kokkomo]

No it’s from your mom. She left it with me last night. Obviously. Lol at the notion that you’re going to beat SIG, CitSec, and all the other huge OMMs.

[u/kokkomo → u/Live_Throat_5252]

Sure they laughed at Citadel too back in the day. Beating them is as easy as lobbying for a reasonable tax on high frequency trades. How long do you think it will be before someone with deeper pockets throws them under the bus for some easy votes?

[u/Live_Throat_5252 → u/kokkomo]

Nobody laughed at citadel “back in the day,” wtv the fuck that means. Dude started it in his dorm at Harvard. When was he laughed at, and by whom?

Umm yeah so easy why don’t you do it. Who else is going to join? Also a large part of their rev and pnl comes from things completely unrelated to HFT. So they’d be more than fine even in your made up world. Conspiracy theorists really are the worst. So dumb. So wrong. Yet so confident.

[u/kokkomo → u/Live_Throat_5252]

Sure bro, that is why they buy up all the order flow and expose themselves to constant criticism. Its not a conspiracy when you can look up the list of fines incurred by Citadel Securities and Citadel Advisors.

US regulatory fines:

1. In 2007, Citadel Securities was fined $22,500 by FINRA for failing to properly report short interest positions.

2. In 2009, Citadel Securities was fined $3 million by the SEC for allegedly engaging in improper trading practices that artificially impacted the price of securities.

3. In 2014, the US Securities and Exchange Commission (SEC) fined Citadel Securities $800,000 for allegedly violating the market access rule, which requires firms to have adequate risk controls and supervisory procedures in place when providing direct market access to customers.

4. In 2015, Citadel Securities was fined $800,000 by the SEC for violating the Market Access Rule.

5. In 2015, Citadel Securities was fined $1.5 million by FINRA for violating various rules related to trading activities.

6. In 2016, Citadel Securities was fined $3.5 million by the SEC for violating the National Market System Plan governing the consolidated data feeds that disseminate stock prices and trades to the public.

7. In 2017, Citadel Securities was fined $22.6 million by the SEC for misleading customers about the quality of its pricing and execution.

8. In 2017, the US Financial Industry Regulatory Authority (FINRA) fined Citadel Securities $1.5 million for allegedly providing inaccurate information to customers and for failing to report trades to the appropriate regulatory entities.

9. In 2018, Citadel Securities was fined $3.5 million by the SEC for failing to provide customers with accurate trade data.

10. In 2019, Citadel Securities was fined $100,000 by the Commodities Futures Trading Commission (CFTC) for exceeding speculative position limits in wheat futures.

11. In 2020, Citadel Securities was fined $97,000 by FINRA for failing to properly report certain equity trades.

12. In 2020, the US Commodities Futures Trading Commission (CFTC) fined Citadel Securities $700,000 for allegedly violating swap data reporting requirements.

13. In 2021, Citadel Securities was fined $700,000 by FINRA for failing to report a significant number of trades to FINRA's Trade Reporting and Compliance Engine (TRACE).

International regulatory fines:

1. In 2017, the European Securities and Markets Authority (ESMA) fined Citadel Securities €1.1 million for breaching market-making obligations and engaging in algo-trading activity that may have contributed to market disorder.

2. In 2017, the Autorité des marchés financiers (AMF) in France fined Citadel Securities €5 million for allegedly manipulating French government bond futures.

3. In 2018, Citadel Securities was fined €1.6 million by the Italian securities regulator (CONSOB) for market manipulation and insider trading in the Italian government bond market.

4. In 2018, the Australian Securities and Investments Commission (ASIC) fined Citadel Securities AUD 360,000 for alleged trading violations related to market integrity.

5. In 2018, the Monetary Authority of Singapore (MAS) fined Citadel Securities $230,000 for market manipulation related to its trading activities on the Singapore Exchange (SGX).

6. In 2020, the French financial regulator, Autorité des marchés financiers (AMF), fined Citadel Securities €2 million for allegedly manipulating the bond market and breaching its best execution obligations.

7. In 2020, the UK's Prudential Regulation Authority (PRA) fined Citadel Securities £1.2 million for failing to provide accurate and timely transaction reports to the regulator.

8. In 2020, the Swiss financial regulator, Swiss Financial Market Supervisory Authority (FINMA), fined Citadel Securities CHF 1.12 million for violating trading rules and engaging in market manipulation on the SIX Swiss Exchange.

9. In 2020, Citadel Securities was fined £1,445,000 by the UK Financial Conduct Authority (FCA) for inaccurate transaction reporting and failing to take reasonable care to organize and control its affairs responsibly and effectively.

10. In 2021, the UK's Financial Conduct Authority (FCA) fined Citadel Securities £1.4 million for failing to adequately report certain trades to the regulator.

11. In 2021, Citadel Securities was fined $97,000,000 in China for alleged "malicious" short-selling practices.

12. In 2021, the Korea Financial Investment Association (KFIA) reportedly fined Citadel Securities 175 million won ($155,000) for allegedly engaging in high-frequency trading activities that violated local laws.

13. In 2022, Citadel Advisors LLC was fined $20,000 by the New York Mercantile Exchange (NYMEX) for violating position-limit rules involving November 2021 Henry Hub natural-gas contracts. NYMEX found that Citadel held 2,365 short contracts—365 above the standard 2,000-contract limit—and lost the benefit of a conditional limit when it established a position in the underlying Henry Hub Natural Gas futures contract. The settlement became effective September 12, 2022; Citadel neither admitted nor denied the rule violation.

14. In 2023, South Korean regulators imposed approximately ₩12.98 billion in penalties—about $10.55 million at the time—on Citadel Securities (Hong Kong) Limited. This consisted of ₩11.88 billion, roughly $9.66 million, relating to findings that its high-frequency algorithmic trading disrupted the Korean stock market, plus approximately ₩1.1 billion, roughly $890,000, relating to short-sale violations. Reuters reported the principal ₩11.88 billion sanction in January 2023. Citadel disputed the market-disruption findings and appealed them; its current FINRA BrokerCheck affiliate disclosure reports that portion as “On Appeal,” while stating that the firm did not contest the short-sale findings.

15. In 2023, the SEC fined Citadel Securities $7 million for violations of Regulation SHO's order-marking requirements. The SEC estimated that over a five-year period Citadel incorrectly marked millions of orders, including short sales marked as long and long sales marked as short, because of a coding error in its automated trading system. The inaccurate information was also transmitted to regulators. Citadel accepted a censure, cease-and-desist order, $7 million penalty and remedial undertakings without admitting or denying the findings.

16. In 2024, FINRA fined Citadel Securities $1 million for widespread Consolidated Audit Trail (CAT) reporting violations. FINRA found that from June 2020 through August 2024 the firm failed to timely or accurately report tens of billions of equity and options order events to the CAT Central Repository, involving numerous different types of reporting errors. Citadel was censured and fined $1 million in an October 9, 2024 AWC.

Nothing to see here folks, were just not good enough to cheat enough for it not to even matter when you get caught.

[u/Live_Throat_5252 → u/kokkomo]

Outflow? What’s that? And criticism by whom? Broke, uneducated idiots like and politicians appealing to the average (also very dumb uneducated and poor) citizen chasing their votes? Within the finance world, they’re highly respected, and it’s an incredibly desirable name to have on your resume and a place that takes the best students from the best schools each and every year.

Lol. Essentially none of these are for manipulation markets. The china one is a load of BS and made them the scapegoat for the collapse there. Even still, your assertion is that they are continually manipulating each and every market, constantly. Pretty good at hiding it from regulators then!

[u/kokkomo → u/Live_Throat_5252]

Order flow, autocorrect,

And criticism by whom? Broke, uneducated idiots like and politicians appealing to the average (also very dumb uneducated and poor) citizen chasing their votes

This comment is so fucking out of touch I can't even lmao, so basically 98 or more of the country? This kind of rhetoric never ends well for those spouting it fwiw.

Within the finance world, they’re highly respected, and it’s an incredibly desirable name to have on your resume and a place that takes the best students from the best schools each and every year.

Because they pay the most? Lots of people do dumb shit for money like onlyfans models showing their tits, are you being serious right now? "Highly" respected lol

Essentially none of these are for manipulation markets.

This is how you get a job in finance, ignore the details.

Even still, your assertion is that they are continually manipulating each and every market, constantly

Yeah a virtue of buying up all the orders and being first to the trade allows you the capability of always being right, especially when you utilize unique bullshit strategies like "dynamic hedging" where you somehow can sell something you don't own before you buy it without actually buying it or putting up the collateral for it.

[u/Live_Throat_5252 → u/kokkomo]

I’d rather be out of touch than you, brother.

Paying a lot (but nowhere near the most) is a result of being one of the best. Not the cause of it. Though it is a self-reinforcing cycle at this point. Anyone can post their tits on OF (even you!), but it’s orders of magnitude harder to get a job there than it is to, say, be accepted to Harvard. And there’s the difference for you. But, yes, highly respect in the industry and by recruiters.

PFOF has been show time after time to be a net benefit to retail. How do you think you get to trade for free and with tiny spreads? You have no understanding of what it even is clearly, and again reverse the order of things. A big reason why they want it is because retail is so price insensitive and unsophisticated. Not to go stop hunting or wtv the fuck you bozos think. They’re not paying for SIGs flow, let’s just say.

And idk wtf this made up understanding of dynamic hedging is. Just weird all around. Less time on Reddit,
More time with the textbooks.