“To what degree are you beholden to Citadel?” Musk asked.
Tenev replied: “There is a rumor that Citadel or other market makers pressured us into doing this and that’s just false. This was a clearinghouse decision and it was just based on the capital requirements. From our perspective, Citadel and other market makers weren’t involved in that.”
Tenev added that Citadel Securities have no hand in the trading restrictions, and the company was quick to defend itself in an interview with CNBC. A Citadel Securities spokesperson told CNBC: “Citadel Securities has not instructed or otherwise caused any brokerage firm to stop, suspend, or limit trading or otherwise refuse to do business. Citadel Securities remains focused on continuously providing liquidity to our clients across all market conditions.”
