Polina Marinova, of The Profile, writes:
Susquehanna International Group keeps a low profile even though its fingerprints are all over the financial markets.
In addition to ranking among the largest U.S. traders of ETFs, it’s a giant in options trading and has plowed money into sports betting, private equity, and even Bitcoin.
But now, regulators are taking a greater interest in the role firms like Susquehanna play in the market — just how risky is their under-the-radar strategy?
“The basic concept that applies to both poker and option trading is that the primary object is not winning the most hands, but rather maximizing your gains.”
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