article thumbnail

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

The TRADE

It now accounts for roughly 5-6% of European trading volumes. Turquoise and Cboe charge trading members roughly £1,600 and £3,600 for their non-displayed market data feeds, respectively. Most recently the exchange launched conditional and dark to lit sweep orders on its dark pool.

Trading 119
article thumbnail

LMAX Group acquires FX HedgePool

The TRADE

Currently, FX swaps account for more than half of total daily FX turnover and are the most traded instrument (in excess of $3.8 trillion per day).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How do Banks Make Money? Explanation, Examples

Peak Frameworks

The world of banking can be broadly divided into: Retail Banks: Think of your local branch where you have your checking and savings accounts. You deposit $10,000 in a bank savings account earning 0.5% Overdraft Fees: If you've ever spent more than what's in your checking account, you've probably been hit with an overdraft fee.

Bank 52
article thumbnail

Keeping ESG commercial

The TRADE

It was then that he moved onto the proprietary trading desk at the bank, mentored by former head trader at Moore Capital, Joe Cardello, and Jim Byrd, global head of macro trading at RBC. “My My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling.

Trading 59
article thumbnail

Investment Banking – Meaning, Functions and More

Razorpay

There are a lot of other ways that investment banks make money, like Asset Managem ent and proprietary trading. Regular retail banks serve the needs of individuals by providing savings accounts, FDs and RDs. Do you want the best bank for your business? You get everything your business needs, all in one place!

article thumbnail

Leaders in Trading 2023: Meet the nominees for… Outstanding FX Trading Venue

The TRADE

In 2022, CME Group saw a record year for its exchange-listed foreign exchange products, which was followed by a record day for its FX suite of products in March this year, trading $296 billion notional in one day across over three million contracts.

Trading 59
article thumbnail

Inside the FX cut-off conundrum sparking animosity between the buy-side, CLS and custodians as T+1 looms

The TRADE

However, what the regulator probably failed to account for was the knock-on effect outside of the US, and on adjacent processes – securities lending, corporate actions and FX to name a few. CET (6pm ET) deadline – considering 30-, 60- and 90-minute extensions – and promised an update around the end of Q1 2024. I’m not seeing it yet.

Trading 64