www.bloomberg.com
Once a low-profile player known for high-frequency trading (HFT), this firm has evolved significantly. It has successfully transitioned from a niche “flash boy” to a dominant force in the broader market-making landscape, challenging traditional banking institutions. This transformation indicates a strategic shift, expanding its scope and influence beyond simple, rapid trading strategies to providing liquidity and stability across various markets, positioning itself as a major non-bank participant in the financial system.
