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

The TRADE

In May, the quarterly Acuiti Avelacom survey found that around 50% of prop trading firms were considering moving operations out of European markets due to complexity around the Investment Firms Prudential Regime (IFRD). Both the US and Switzerland were popular amongst lower latency trading firms, said Acuiti.

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

The TRADE

Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago. Non-display and terminal fees are now applicable to trading members, the notice confirmed. Trading fees, subscriptions, and message tiers remain unchanged, The TRADE understands.

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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. There is strong demand for us to offer clearing services across the different trading venues and asset classes.

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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. The post Euronext agrees to sell LCH SA stake for €111 million as part of ongoing clearing migration appeared first on The TRADE. Euronext Milan’s listed derivatives business is already cleared by Euronext Clearing.

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

The TRADE

The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence. A key objective of the regulation was to increase market transparency through the promotion of regulated trading venues and encouraging price discovery.