2023年5月18日

可口可樂糖漿公式。肯德基的炸雞食譜。Citadel證券的交易策略?你可能聽說過如何密切可口可樂和肯德基守衛他們的秘密,但大量的做市公司可能是最保護群時的“秘密武器”。Look no further than a recently filed lawsuit by Citadel Securities against two former employees, per Bloomberg . The suit, which you can read here , alleges the former employees were building a competing high-frequency trading firm while still employed and used trade secrets gained while at Citadel Securities. Leonard Lancia and Alex Casimo unveiled Portofino Technologies, a market-making firm focused on cryptocurrencies, in September 2022 with $50 million in funding from backers like Coatue Management. A major part of the pitch? Invest with the guys who had a front-row seat working at one of the top trading firms in the world, per the complaint. Portofino's announcement also came just a few months after reports of Citadel Securities working on its own crypto-focused brokerage with a slew of other high-profile firms . Portofino told Bloomberg that the Citadel Securities lawsuit was "corporate bullying" and that it would defend itself. Whichever side you fall on regarding the lawsuit, it does raise some interesting questions about Wall Street's trade secrets and the extent some firms will go to protect them. On the one hand, trading firms invest a lot of money — check out some salary ranges here — in developing these strategies. Margins are thin, and the difference between making and losing money comes down to fractions of a second, literally. But I also don't want to live in a world where employers can limit the future earning ability of their workers on the basis of "trade secrets." Rick Wilking/Reuters 3. Sales tax made easy. It's not sexy or exciting, but navigating sales tax compliance across multiple states is a massive headache for businesses. Enter Zamp, a startup that's looking to alleviate the pain with an automated solution. Here's the deck it used to raise a $4 million seed round. And check out more than 50 pitch decks fintechs used to raise millions of dollars in funding. 4. AI is going to send the market up and to the right, per Steve Cohen. The billionaire founder of Point72 is feeling "pretty bullish" about the markets thanks to the cutting-edge tech, according to Bloomberg. No word on if AI can invigorate the Mets' offense, though. 7. Go woke, go broke, invest in alts? Under Florida Governor Ron DeSantis, who has railed against "woke" investment strategies , the state pension fund has transferred more than $1 billion into alternative investments. But analysis by Lever found the move potentially cost state employees billions of dollars. More here. 8. The job markets to bet your career on. It turns out AI won't take all the jobs. A recent report from the World Economic Forum highlights the fastest-growing jobs for the next four years. Check them out here. (OK, you're still going to want to learn about AI.) 9. Dressed to impress without the dreaded sweat stain. Guys, we've all been there. You arrive to work looking like you just left a sauna thanks to the hellhole that is the NYC subway in the summer. Pick up some of these summer-friendly button-downs. 10. Some tips for the solo traveler. Not looking for company on your next vacation? We've got 9 tips for those of you who are looking to travel alone. Read them all here. Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com , tweet @dandefrancesco , or connect on LinkedIn . Edited by Jeffrey Cane (tweet @jeffrey_cane ) in New York and Hallam Bullock (tweet @hallam_bullock ) in London. Subscribe to push notifications