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Lion’s share of proprietary firms preparing to increase trading headcount in 2024

The TRADE

The UK saw the greatest jump followed by the US. “The last few years have been strong ones in terms of business performance for many proprietary trading firms,” said Ross Lancaster, head of research at Acuiti. “The

Trading 59
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Proprietary traders prioritising FX as rising costs lead firms to trade fewer products and markets

The TRADE

Around 45% of firms which already trade FX are planning to significantly increase their exposure in the asset class as of next year, an Acuiti report has found. Will Mitting, founder of Acuiti, said: “Proprietary trading firms are looking ahead to 2024 with optimism and planning expansion and increased investment.

Trading 105
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Aquis sees double digit growth on the back of data and technology boom

The TRADE

Aquis attributed the growth in market share to changes to its proprietary trading rule in September. The exchange confirmed at the beginning of this month that it was set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago.

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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. Non-display and terminal fees are now applicable to trading members, the notice confirmed.

Trading 119
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Avelacom enhances low latency service offering following authorisation from Brazil Stock Exchange

The TRADE

It also opens the door to the exchange’s post-trade and testing environments. The move facilitates low latency access to B3 for all trading participants and extends the exchange’s services to numerous additional global markets.

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Euronext continues investment in clearing business with 50 new hires

The TRADE

We want to regain strategic autonomy on post-trade and clearing specifically,” Euronext’s global head of primary markets and post-trade, Anthony Attia, told The TRADE. “We However, Attia confirmed that further open access measures for other non-Euronext trading venues were not out of the question. We retain flexibility.

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Fireside Friday with… ION’s Edoardo Pacenti

The TRADE

In addition, currently, the Fixed Income Clearing Corporation (FICC) is indirectly exposed if one of its members makes a trade with a non-member and subsequently defaults on the transaction. This is done to increase oversight of Proprietary Trading Firms (PTFs), which play a significant role in providing liquidity in the US Treasury market.

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