Susquehanna’s New Trading Desk Bets on Events From Bitcoin to Taylor Swift
- Move is latest in push to attract Wall Street to asset class
- Kalshi says Susquehanna will give big boost to liquidity
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Susquehanna International Group is starting a trading desk focused on so-called events contracts as part of a fresh push to attract Wall Street investors who want to bet on everything from monetary policy swings to Taylor Swift’s album performance.
The firm plans to act as a market maker for transactions on Kalshi Inc., which has recently raised its trading limits to attract hedge funds and other large investors. On Kalshi, people can use binary options to bet on everything from the number of interest rate cuts by the Federal Reserve to whether Bitcoin will hit $100,000 in 2024.