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Amid a flurry of headlines, the WSJ took time to spotlight an unlikely winner of TikTok’s the latest exponential expansion streak – Susquehanna, a low-essential, underneath the radar trading agency situated in Pennsylvania.
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In addition to the occasional 1-off point out in fiscal circles, will we at any time hear with regards to the exploits of Susquehanna or its Management? Was Jeff Yass hauled right before Congress to talk about his business’s portion in now’s chaotic marketplaces?
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Queries flooded in as I go through and re-examine the write-up. Exactly what the heck is a Wall Road buying and selling business performing with this type of major stake in TikTok? Who the heck is Susquehanna? How did they get so abundant with so tiny media coverage?
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While in the nineteen nineties, Yass and his associates started to institutionalize the business. They recruited new hires and qualified them to trade according to the self-taught system that experienced served Yass nicely. Susquehanna’s schooling systems concerned a mixture of tutorials on alternatives pricing theories and poker-playing tournaments to check employees' conclusion earning techniques.
And Are you aware what transpires when men and women begin to realize that they have been sold something that some other person's have?
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