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Citadel Securities Alleges Ex-Employees Stole Trade Secrets

Citadel Securities sues former employees for allegedly stealing trade secrets to form a high-frequency trading firm for cryptocurrencies. Portofino denies the allegations.

  • Citadel Securities is suing former employees for allegedly stealing trade secrets.
  • The employees left to form Portofino Technologies, a high-frequency trading firm for cryptocurrencies.
  • Citadel Securities claims the employees began raising capital and building their firm while still working for the company.
  • Portofino denies the allegations and vows to fight the lawsuit.
  • Citadel Securities previously filed a non-compete complaint against another former employee who later joined Portofino.
Citadel Securities Alleges Ex-Employees Stole Trade Secrets
Citadel Securities sued a pair of former employees after they broke off to form a market-making firm for cryptocurrencies.

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