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The New Liquidity Core: How Private Trading Firms Became the Market’s Operating Layer

by Main Desk May 13, 2026

by Main Desk May 13, 2026

As regulatory constraints reshaped bank activity, liquidity provision migrated to private trading firms. Citadel …

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The Classification Gambit: Citadel’s Push to Recast Open-Source Developers as Brokers — and the Market-Structure Battle Uniswap Refuses to Lose

by Main Desk December 9, 2025

by Main Desk December 9, 2025

Citadel’s push to classify open-source developers as unregistered brokers is not a regulatory dispute …

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