TL;DR: Susquehanna is sus
Stay with me man I have a point I promise.
🚨UPDATE: SMOKING GUN Bloomberg today #6 🤔🧐 Updated FINTEL from this morning! yet the price didn't move accordingly 🙃
Many other wrinkly brain apes have done an excellent job on DD’ing Payment for Order Flow (PFOF). If you are wrinkly brained, or are familiar with the top PFOF clients, skim on down to da apes. 🦧
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TA;DR of that is.. Electronic Trading Firms like Robinhood can provide free trading services because companies like the ones outlined below are paying them for their order flow, thus PFOF.
These firms engage in high-frequency trading using advanced computer algorithms. They also serve as market makers, providing trading services for investors that helps promote market liquidity.
We know Citadel is the largest customer paying for this information, accounting for over 40% of overall PFOF. Options accounted for approximately 60.9% of the payments for order flow in 2020.
So who are the other key players?
Here are some of the biggest industry players using PFOF:
Citadel Securities
Susquehanna International Group see footnote for deets*
Virtu Financial (more on them in another post)
Wolverine Trading Company
Jane Street
Two Sigma Investments
Brokerage firms typically have prearranged agreements with market maker firms, such as Citadel, Virtu, and Susquehanna. These Electronic Trading firms will then compete for the order flow. They make their money through the difference between the buy and sell price, which they largely control through their fast paced trading algos.
It’s worth noting that 2020 recorded record breaking profits due to a historic rise in retail trading participants via apps like RH. Lots of new money for Citadel, Sus, and friends.
And don't forget that 22% of $USD in circulation were printed in 2020. Money printer go brrrrrrr.
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Now, with all that ELIApe out of the way, let’s put on some tin foil hats shall we?
Paging u/glide_si and u/boneywankenobi and their awesome posts, which I quote directly and shamelessly here. I’m not as smart as them.
In the [posts](https://www.reddit.com/r/GME/comments/mk3gcd/call_memaybe_why_the_m
... keep reading on reddit ➡
With perhaps the nation’s most consequential election ever just one day away, Los Angeles Lakers superstar LeBron James has been stepping up his activism.
He has teamed up with former New York City mayor Michael Bloomberg to help ensure that felons in Florida will be able to vote.
> “The multimillion-dollar effort by Michael Bloomberg, LeBron James and other celebrities to pay off lingering court fines and fees for Florida felons could make almost 13,000 of them eligible to vote in Tuesday’s election, an analysis by the Tampa Bay Times/Miami Herald and ProPublica found,” wrote Lawrence Mower and Langston Taylor of the Tampa Bay Times.
Florida could end up being the state that decides whether President Donald Trump wins a second term or Joe Biden becomes the 46th president of the United States.
In 2018, the people of the Sunshine State voted to allow felons to exercise their constitutional right to vote in elections.
However, earlier this year, the state legislature amended the law and required that felons pay all outstanding fines and fees to be legally allowed to vote.
It’s thought that allowing such residents to vote in Florida could be the tipping point that allows Biden to win there.
And you thought Michael Bloomberg wanted to end vaping? He does - So he can replace everyone else's vapes with his own company !!!
"............ For years, this Bloomberg-funded activism has fiercely attacked any innovative alternative to tobacco harm reduction. Its great bête noire, tragically, is vaping.
Thus, in his failed presidential campaign, the tycoon announced that if elected he would ban flavors for all so-called electronic cigarettes. This would have been a virtual ban on vaping since 80 percent of the market is concentrated in flavored products.
This campaign idea was accompanied by a $160 million donation to fight vaping. It came in the context of the fake health crisis caused by a mini outbreak of lung injury (known as EVALI) attributed to nicotine vaping.........
However, in late 2019, and coinciding with the peak of paranoia regarding EVALI, an unknown Philadelphia-based company called Hava Health launched the “Hale,” a vaporizer intended to help its users quit smoking. Currently, its makers are waiting for approval from the U.S. regulator FDA..........
In defense of the public?
Hale is a product that, like vaping, is presented as a healthier alternative to smoking. However, unlike vaping and other harm reduction products, Hale aims to completely eliminate the use of nicotine no matter what vehicle is used to consume it.
This, in principle, may be a laudable goal. Even taking into account that what is harmful in traditional cigarettes is not the nicotine itself but the harmful substances found in the tar combined with carbon monoxide.
The problem lies in the fact that one of the investors in the c
... keep reading on reddit ➡The title of this post is a parody of this (in)famous post of mine from more than half ago (about GWB and PEPFAR),
A few months ago, I made this effort post describing in great detail the FUCKING LEGENDARY-NESS of Michael R. Bloomberg of New York.
However, in the post, I understated just how much of a positive impact his anti-smoking philanthropy has had. I merely phrased it as "seems to be one of the few people out there doing something about Big Tobacco companies murdering millions of 5 year-olds in third world countries and helping these countries fight Big Tobacco in court."
I didn't even need to list anything else about him. This ONE THING ALONE should cancel everything bad he might've ever done in his entire life and make your opinion of him favorable.
Let me go into great detail about just how FUCKING LEGENDARY his smoking cessation work is (I posted this in the DT a few days ago, but here it is for those who never use the DT):
Michael Bloomberg is one of the few people who is doing something about Big Tobacco companies murdering millions of children in developing countries.
Even though smoking rates have declined in the U.S. and other first world countries, Big Tobacco companies are making more money now than they ever have historically because the gargantuan increase in smoking rates in third world countries has far exceeded the modest decline in the first world. Big Tobacco companies are going to some of the poorest countries in the world such as Togo and aggressively marketing and selling their products to children (they are literally selling cigarettes on Elementary School Campuses to 4-6 year old children who don’t know any better), suing countries who dare do to enact legislation to mandate tobacco packaging warning messages (the yearly revenues of Phillip Morris alone is greater than the entire GDP of many of these countries, so it’s very hard to defeat them in court), and ruthlessly suppressing the fact that smoking causes cancer among some of the world’s poorest, most vulnerable people and lobbying governments to not teach t
... keep reading on reddit ➡Mike Bloomberg dropped out of the presidential race on Wednesday after a poor performance in the Super Tuesday primaries.
"Three months ago, I entered the race for President to defeat Donald Trump," Bloomberg said in a statement. "Today, I am leaving the race for the same reason: to defeat Donald Trump – because it is clear to me that staying in would make achieving that goal more difficult."
Following his campaign departure, Bloomberg endorsed rival and former Vice President Joe Biden. "I've always believed that defeating Donald Trump starts with uniting behind the candidate with the best shot to do it. After yesterday's vote, it is clear that candidate is my friend and a great American, Joe Biden," he said in the statement.
##Submissions that may interest you
[Bloomberg drops out, endorses Biden.](http://www.nytimes.com/2020/03/
... keep reading on reddit ➡"Stubborn isn't a word I would use to describe myself; pigheaded is more appropriate."
" New York’s former mayor has committed $160 million to ban flavored e-cigarettes amid a series of efforts designed to increase oversight of the industry. Michael R. Bloomberg, who has committed nearly $1 billion to aid anti-tobacco efforts, is now stepping into the campaign to combat vaping, announcing a $160 million push to ban flavored e-cigarettes. ......."
Want to know why? Why you will no longer be able to get your vapes in the mail, and why you may soon not be able to get them at all?
Tell us Michael Bloomberg, tell us what makes you tick?
" I do think there are certain times we should infringe on your freedom."
So Michael Bloomberg thinks you should not have the right to choose a safer alternative to lit tobacco smoking- He even passed a law in NY as mayor that said you should not have the right to choose the size of your soft drink!
Control Freak Michael Bloomberg is not just a threat to people who want to use e cigs, Michael Bloomberg is a threat to the American Constitution and to the freedoms it tries to protect.
Can Darwin really explain an unfortunate mutant like Bloomerg?
What this means is to suit his agenda, they not only want to take your vapes away - Also, he wants to take your Constitutional rights away - Vaping and guns come first!
" [I have my own army in the NYPD, which is the seventh biggest a
... keep reading on reddit ➡I know both Bloomberg and CNBC are classified as “pop” finance and its generally advisable to not trade based on Bloomberg or CNBC news. And it’s one of the best contrarian indicator. (CNBC pumping weed and silver stocks at ATH, Bloomberg hyping up a SPAC at ATH). In short, it’s just a channel for retailers.
However, my question is: Do professionals actually watch Bloomberg live TV? Or is it just a background noise during trading sessions? Because personally, as an individual trader, I find the analysts on Bloomberg really helpful in terms of identifying short and medium term trend and intraday market outlook especially watching Bloomberg open and surveillance in the morning. Cnbc, on the other hand, is notorious for churning positive news on individual companies that have run up a lot (in another words, pumping a stock and dumping on retailers). I always don’t like the breathy, fast-paced commentary on CNBC. Bloomberg reporters seem a lot more reserved and professional when it comes to interviews while sprinkling the occasional dull moments with good humour.
What’s your preference? Bloomberg or CNBC. Unfortunately average joes like us can’t afford a Bloomberg terminal. So basically these two channels are like the only medium for us retailers to have a peek into what the fund managers are Does these two financial news provider really provide insight into the market or is it just entertainment for institutional traders without any tangible value? Curious about this for a very long time. Thanks for answering!
Two billionaire media moguls with significant influence in American politics, though their networks seem to be on different sides of the political spectrum
