Citadel Securities Says Retail Is 25% of the Market During Peaks
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Citadel Securities, the market-maker that counts Ken Griffin as its largest owner, said retail traders now account for about a fifth of stock-market trading and as much as a quarter on the most active days.
“Some of that is obviously triggered by structural changes like zero commissions,” while pandemic-related volatility has also increased retail trades, Joe Mecane, Citadel Securities’ head of execution services, said Thursday in a Bloomberg Television interview. “We continue to see retail investors becoming a more significant liquidity source in the marketplace.”