I'm currently interviewing at KCG and it looks like it will go to an offer. Thing is, they seem to be struggling post-merger and I see a lot of recent complaints by employees online. Is this a good place to start a career?

For some background, I'm a Physics major / CS minor from UChicago, and I'd be working for them as an Operations Engineer with the hopes of taking on more quantitative work over time. I'm definitely fine with being responsible for some development too in the long term.

Long or short. Lets hear it.
Closed mine. Want to have a good weekend. :)

I just got off the phone with a customer service manager at Fidelity, whom I was routed to after initially calling to Directly Register (DRS) the remaining shares of $GME that I have in Fidelity. After spending over a half-hour on the phone with this person and asking numerous times who the counterparty was that made the $2B "error" regarding shortable $GME shares, he informed me that the counterparty is a company called "Knight Brokerage".

Why is it that the counterparty's name cannot be mentioned yet on reddit, but it can be discussed via phone calls to customer service managers when customers call in to ask for the name of the counterparty? Why is Fidelity covering up for this "Knight Brokerage" if the error was not something that originally stemmed from within Fidelity's internal systems? To me, this makes this situation seem even more fishy, and has confirmed that I am making the correct decision to DRS 100% of my $GME shares.

EDIT: It is more than likely that the Customer Service Manager I spoke with today misspoke. Maybe a Freudian slip? "Knight Brokerage" appears to be a trucking group, while "Knight Capital Group" appears to (more than likely) be the counterparty we have been looking for. More information on KCG can be found in /u/elonmusksaveus /u/NotBerger and /u/Swannie69 's comments below:

https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmu360a/?context=3

https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmu0vye/?context=3

https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmtvlaj/

EDIT #2: /u/RAdm_Teabag has brought it to my attention that Knight Swift Transportion filed a schedule 13G this year naming FMC and Abigail Johnson as a significant shareholder (about 12 million shares). Abigal Johnson is the current CEO of Fidelity.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001492691/8aa80f71-b98a-4867-b438-ca4d5419afb4.pdf

In one week, a panel of judges will hear oral arguments from Citadel, the SEC and IEX in a lawsuit that Citadel has brought AGAINST the SEC regarding the D-Limit order type. That's right - firms can (and do) sue their regulator when they don't like, or don't agree with rule approvals or disapprovals. It's worth mentioning that Virtu wrote a comment letter in support of D-Limit. I've interacted with Virtu quite a bit over the years, and I had generally found them to be flexible and supportive of innovative market structure efforts. I have not had much interaction with them after they acquired KCG and the PFOF/internalization group there. Take that as you will.

Do you know what Citadel will claim first and foremost in their presentation to the judges?

>"We are the leading destination for retail order flow"
>
>"[O]ver 50% of our trading activity on IEX is on behalf of retail investors."

This is from their comment letter on the order type:

https://preview.redd.it/y4akrvxl98u71.png?width=748&format=png&auto=webp&s=041ed002b39efcdde815333c1c5ff7db7917cc30

Does Citadel trade on your behalf? Do they represent retail investors or traders? Do you think the brokers that Citadel and other wholesalers pay for your order flow represent you either? Because Citadel and all of those brokers hold themselves out as the representatives of retail investors. As if they are incentivized to protect you, and ensure the market is designed for your benefit, rather than for theirs! This would be a hilarious joke if it wasn't the truth.

I can't stand when I see firms holding themselves out as representing interests that they so obviously don't represent. We also shouldn't forget that $22M fine Citadel paid to the SEC for "Misleading Clients About Pricing Trades." The only thing these firms represent is their P&L statement or their quarterly earnings for the publicly traded discount brokers. This happens constantly in market structure debates - there are no authoritative independent voices, and it's why I always try to make sure my biases are disclosed (for example, as I always state, I have a small equity position in IEX resulting from when I worked with them in 2012/2013, because I supported their mission and their approach). People's views are strictly a result of the chair they sit in, or the company issuing their annual bonus, or the company sponsoring their academic research. They'll make impassioned, coherent, intellige

I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.

Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.

Do your worst!

I'm surprised it hasn't decade.

Atobitt made some great DD. House of Cards 1-3. Everything Short. Classics. However, part 2 and 3 of HoC felt incomplete. No offense to the man, no offense to the data. I think it is spot on, i think we all know what to do. HODL.

But, I am here to add this, somewhat controversial, somewhat illuminating piece of information. I hesitate to post this because I don't want to insinuate there are other plays. There are not. i want to be clear- this is in no way intended to diminish, nor will it, your desire to do nothing more but BUY AND HODL. Ready for it? it's not even much of a surprise...

its not just GME.

Several Hedge Funds like Citadel, Melvin, Highfields, etc... develop a significant position in certain companies they like. The big boys. Now, when Atobitt said it was the Everything Short he fucking meant it is the EVERYTHING SHORT. So for the sake or brevity, i will only focus on a select few. namely,we are going to be discussing some rather interesting connections between amazon, netflix, target and GME and the like. This is going to be a bit of a swim, so please bear with me. let us dive in

Recently, Netflix has been rumored to be entering the video game industry. https://www.polygon.com/22447410/netflix-executive-games-expansion-the-information-report

And, as you know, Amazon recently purchased MGM studios. https://www.cnbc.com/2021/05/26/amazon-to-buy-mgm-studios-for-8point45-billion.html

Now i am sure it doesn't take a few crayons to see our big boy GME is in the video game industry, and little brother AMC, is in the movie biz. Okay. I see that connection. Let's divert a bit and look into some other connections. i turn your attention to Kevin Turner https://en.wikipedia.org/wiki/B._Kevin_Turner:

"Kevin Turner is an American businessman and investor who is currently the chairman of Zayo Group and the vice chairman of Albertsons/Safeway .He previously served as the COO of Microsoft from 2005 to 2016. Prior to joining Microsoft, Turner was the CEO of Sam's Club and the CIO of Walmart. He is also the former Vice Chairman of Citadel LLC and CEO of Citadel Securities "

wow okay, citadel connection, sure. but what's Zayo Group? From: [https://finance.yahoo.com/news/were-hedge-funds-flocking-zayo-190533381.html](https:/

In light of the recent Cellar Boxing revelations, I think it’s best if I post some connections I’ve made so we can potentially uncover what other games are being played behind the scenes.

Especially after u/Criand edited his comment and left this:

wut mean, wut mean?

I’m too smooth brained to understand that comment, but I’m pretty sure I’ve come across futures+swaps in here. We'll cover a big chunk of the network of bankers, high-frequency traders, legislations, ownerships and where it all points to. Feel free to correct anything and note that none of this is financial advice, I’ll probably add lots of edits so stay tuned. Also lots of speculation (duh).

Citigroup, Glass-Steagall, crisis of ‘08, naked shorting and Robinhood

Travelers Citicorp mega-merger

• Stitched together in the 1990s by CEO and Chairman Sandy Weill and in the process of more than 100 acquisitions (mergers) helped bury the Glass-Steagall act
• The ‘98 merger of Weill’s Travelers Group and John S. Reed’s Citicorp (First Bank of New York) would enable Travelers to market mutual funds and insurance to Citicorp's retail customers while giving the banking divisions access to an expanded client base of investors and insurance buyers
• One of the mergers ended up as Salomon Smith Barney, who was the lead underwriter or a book-running manager (same thing) *for Gamestop IPO in 2002

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

It really does, I swear!

Because she wanted to see the task manager.

They’re on standbi

Pilot on me!!

AMC Is Top Short-Squeeze Risk, S3's Bob Sloan Says: Video - Bloomberg

Nothing, he was gladiator.

Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.

This sub is mostly just NSFW puns now.

If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.

Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.

What did 0 say to 8 ?

" Nice Belt "

So What did 3 say to 8 ?

" Hey, you two stop making out "

When I got home, they were still there.

I won't be doing that today!

[Removed]

Where ever you left it 🤷‍♀️🤭

This morning, my 4 year old daughter.

Daughter: I'm hungry

Me: nerves building, smile widening

Me: Hi hungry, I'm dad.

She had no idea what was going on but I finally did it.

Thank you all for listening.

BamBOO!

There hasn't been a post all year!

You take away their little brooms

It was about a weak back.

In one week, a panel of judges will hear oral arguments from Citadel, the SEC and IEX in a lawsuit that Citadel has brought AGAINST the SEC regarding the D-Limit order type. That's right - firms can (and do) sue their regulator when they don't like, or don't agree with rule approvals or disapprovals. It's worth mentioning that Virtu wrote a comment letter in support of D-Limit. I've interacted with Virtu quite a bit over the years, and I had generally found them to be flexible and supportive of innovative market structure efforts. I have not had much interaction with them after they acquired KCG and the PFOF/internalization group there. Take that as you will.

Do you know what Citadel will claim first and foremost in their presentation to the judges?

"We are the leading destination for retail order flow"

"[O]ver 50% of our trading activity on IEX is on behalf of retail investors."

This is from their comment letter on the order type:

https://preview.redd.it/9nvfqzehp8u71.png?width=684&format=png&auto=webp&s=9a3437d6f97750bfdead2ddd087b4e7d4d377139

Does Citadel trade on your behalf? Do they represent retail investors or traders? Do you think the brokers that Citadel and other wholesalers pay for your order flow represent you either? Because Citadel and all of those brokers hold themselves out as the representatives of retail investors. As if they are incentivized to protect you, and ensure the market is designed for your benefit, rather than for theirs! This would be a hilarious joke if it wasn't the truth.

I can't stand when I see firms holding themselves out as representing interests that they so obviously don't represent. We also shouldn't forget that $22M fine Citadel paid to the SEC for "Misleading Clients About Pricing Trades." The only thing these firms represent is their P&L statement or their quarterly earnings for the publicly traded discount brokers. This happens constantly in market structure debates - there are no authoritative independent voices, and it's why I always try to make sure my biases are disclosed (for example, as I always state, I have a small equity position in IEX resulting from when I worked with them in 2012/2013). People's views are strictly a result of the chair they sit in, or the company issuing their annual bonus, or the company sponsoring their academic research. They'll make impassioned, coherent, intelligent arguments against a practice (such as PFOF and off-exchange internalizati