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Prop trading firms turn to Middle East as they consider leaving Europe in the wake of IFPR

The TRADE

Aleksey Larichev, co-founder and managing director of Avelacom, said: “In times of subdued volatility, proprietary trading firms are looking for ways to trade profitably. […] We are helping many clients access markets around the world, with the lowest possible latencies, in order to help them find new opportunities”.

Trading 110
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Aquis set to begin charging members for non-displayed data after 10 years of no fees

The TRADE

Speaking to The TRADE regarding Aquis’ 2021 full year results, Haynes said he would never say never when asked if the firm had any plans to begin charging for market data. Market data revenues for 2023 were up 23% to £3.7 Most recently the exchange launched conditional and dark to lit sweep orders on its dark pool.

Trading 119
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Euronext continues investment in clearing business with 50 new hires

The TRADE

The exchange group set out plans at the end of 2021 to grow the Euronext Clearing’s headcount by 65% at the end of 2023, amounting to roughly 50 new hires across its risk, technology, sales and product development functions. We will therefore have sales and development resources close to the relevant stakeholders.

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Euronext agrees to sell LCH SA stake for €111 million as part of ongoing clearing migration

The TRADE

Euronext acquired its clearing house – formerly CC&G – as part of the Borsa Italiana deal in 2021. “Euronext and LCH SA are committed to working together to ensure an orderly migration of clearing flows from LCH SA to Euronext Clearing,” said Euronext in a statement.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

These measures included mandates for constraints on proprietary trading (known as the Volcker Rule), and enhanced supervision of derivatives markets, as well as increased capital reserves. The regulation has faced criticism for its complexity and potential unintentional consequences.