Ken Griffin’s Virus Plan Now Includes Emergency Trading Site in Florida
- Market-maker Citadel Securities opens Palm Beach trading floor
- Facility opened two days before Wednesday’s stay-at-home order
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Citadel Securities this week opened an office in Florida to help ensure billionaire Ken Griffin’s giant trading firm can continue at full capacity during the coronavirus pandemic -- and cope with the explosion in volume the illness has spurred.
The firm opened a new, temporary trading floor in Palm Beach on Monday with 24 people, according to a memo from the firm to employees seen by Bloomberg. The market maker debuted the facility two days before Florida’s governor announced a stay-at-home order for the state of 21.5 million.