Citadel CEO Ken Griffin paid Robinhood CEO Vlad Tenev for access to questions that will be asked tomorrow at the congressional hearing involving GameStop trading. According to a Citadel spokesman, Griffin is looking to gain an edge over other hedge fund CEOs that will be testifying at the hearing.
“If I can see the questions before the hearing opens, I can better adjust my strategy for how to play it.” Griffin said to reporters late Wednesday.
While the terms of the deal were not disclosed by either party, rumors are circulating that Citadel paid several million dollars for the questions.
“I asked Vlad to make sure we were getting the questions in real-time. So when [Congresswoman Maxine] Waters types out a new question on a word document, I want to have access immediately,” Griffin said.
“This is game of milliseconds, so I need to have as much information as humanly possible.”