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Emerging markets broker Arqaam Capital has launched a new proprietarytrading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets.
European retail brokers are expected to target growth in institutional markets alongside expanding into listed derivatives if restrictions on contract for difference (CFD) markets continue to gain traction, a study by Acuiti in partnership with ION has found.
to cover previously exempt proprietarytrading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity.
Acuiti’s research – commissioned by MIAX – included responses from senior executives across 94 proprietarytrading firms, hedge funds, banks and interdealer brokers, as well as the main futures commission merchants ( FCM ) that serve the derivatives market.
Non-display and terminal fees are now applicable to trading members, the notice confirmed. Members in the “basic subscription tier”, excluding AQSE broker membership, will be expected to pay £1,250 per month. All other members, excluding AQSE broker membership, will have to pay £2,500 per month.
Connectivity costs ranked top out of five key considerations when connecting to a new market for proprietarytrading firms, while hedge funds and bank execution desks ranked it second after preferred brokers providing access. Acuiti surveyed 76 proprietarytrading firms, trading desks, hedge funds and bank execution desks.
“Following this acquisition and that of Cürex last year, we now have a compelling proposition for asset managers and other buy-side participants in addition to serving our core bank, broker and proprietarytrading firm segments.” LMAX Group and FX HedgePool are focused on providing greater transparency, efficiency and fairness across the FX ecosystem (..)
Coming in at number one with over 70,000 views was news in August that the US Securities and Exchange Commission (SEC) had moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA) to cover previously exempt proprietarytrading firms.
Read more: LMAX Group given green light for NDF trading in both Singapore and London The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and execution to all market participants including banks, non-banks, proprietarytrading firms, institutional brokers, asset managers and buy-side institutions. “We (..)
It also lowers the barrier of entering B3’s market from abroad by facilitating access to the trading floor and lowering costs for local brokers and trading participants.”
Read more – Aquis Exchange relaxes eight-year ban on proprietarytrading firms It’s [VWAP Match] a mechanism that allows people to smooth out volatility in prices or to trade at a forward-looking price, she says. Aquis relaxed its eight-year ban on proprietarytrading firms at the end of last year.
They will bolster the security of the US Treasury market by mandating central clearing for eligible securities, such as repos and reverse repos, inter dealer broker transactions and other cash transactions. The new rule changes published by the SEC have been primarily driven by the need to enhance market stability and reduce systematic risk.
But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners. We use a variety of high and low touch.
As highlighted in Acuiti’s report – which included responses from senior executives across 94 proprietarytrading 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.
They aim to strengthen the security of the US Treasury market by requiring central clearing for eligible instruments such as repos, reverse repos, inter-dealer broker transactions, and other cash transactions. Particularly, with a shift from transparency solely being held by broker dealers, to the buy-side. “As
One of the big benefits of T+1 was the argument that it will reduce risk but what we feel is happening is a transfer of risk from proprietarytrading strategies and retail brokers to asset managers and their clients. I’m not seeing it yet. That cannot be seen to be a positive outcome.”
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. Examples just from just the last six months include UK-based investment management firm Waverton – which has £9.1
These measures included mandates for constraints on proprietarytrading (known as the Volcker Rule), and enhanced supervision of derivatives markets, as well as increased capital reserves. A key aspect of Reg BI is the establishment of a higher standard of conduct for broker-dealers when making recommendations to retail customers.
For more information on the various providers in the EMS market, check out The TRADE’s annual survey. Bloomberg Terminal Up next and needing little introduction is the Bloomberg Terminal, Bloomberg’s data and proprietarytrading platform.
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.
Traditionally, only quant trading firms were at the forefront of the data race, but this is changing. Non-quant firms are looking to use alternative methods to improve trading outcomes, monitor risk and performance, improve alpha generation and broker selection, and gain a competitive advantage.
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