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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 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). trillion per day).

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Volatility trading picking up traction as the market pegs it as a future core strategy

The TRADE

As highlighted in Acuiti’s report – which included responses from senior executives across 94 proprietary trading firms, hedge funds, banks, interdealer brokers, and futures commission merchants (FCM) that serve the derivatives market – 2022 saw a surge in interest in volatility trading from the market.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

From Tourmaline’s perspective, Hantman asserts that the firm has been trading for multiple trillion plus asset managers for years, though these are unwilling to be named publicly. Just prior to this, commodities specialist Marex completed its acquisition of TD Cowen’s outsourced trading and prime brokerage business.

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

The TRADE

CME Group acquired EBS in 2018 as part of a larger acquisition of London-based NEX Group, forming a combined company for futures, cash and OTC markets. CME Group also boasts over 90,000 users in FX futures raging from corporates, banks, proprietary trading companies, retail, asset managers and hedge funds.

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