Susquehanna International Group, a company that specializes in lightning-speed stock trading to make a profit, recently made headlines for their 2% stake in a blank-check company that merged with former President Donald Trump’s social media company. This has sparked speculation about whether the founder, Jeff Yass, a Republican mega-donor, is funneling money to Trump through the recently merged company trading under the ticker DJT.
However, Susquehanna has stated that they remain neutral on the stock and own other securities like options that offset their stock holdings. Their primary focus is on providing bids and offers in the market rather than evaluating the value of investments. The blank-check company, Digital World, has attracted the attention of algorithmic market-makers and quant funds who see it as a gauge of Trump supporters’ sentiment. Quantitative traders are drawn to retail trading since it is often driven by individual investors rather than larger economic trends.
Apart from their stock trading business, Susquehanna also has a private-equity and venture-capital arm. They own a significant stake in TikTok, which has further fueled speculation about Yass’s potential influence due to Trump’s changing stance on the social media platform. Ultimately, Susquehanna’s role in the stock market is to provide liquidity and make trades rather than necessarily investing based on the underlying value of assets.
While some may believe that Susquehanna may be manipulating the stock to benefit Trump, it is important to note that their primary focus is on providing bids and offers in the market rather than evaluating investments. Additionally, they have stated that they remain neutral on the stock and own other securities that offset their holdings.
The recent merger between Digital World and Trump’s social media company raises questions about whether Yass may be using his influence to support Trump through his investments in this new platform. However, it is important to approach these claims with caution and consider all available information before making any conclusions.
Overall, Susquehanna International Group plays an important role in providing liquidity and making trades in the stock market but does not necessarily invest based on underlying values of assets or political leanings. As with any investment decisions, it is important for investors to do their research and consider all available information before making any decisions.