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Arqaam Capital launches new Middle East and North Africa focused proprietary trading tool for European clients

The TRADE

Emerging markets broker Arqaam Capital has launched a new proprietary trading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets. Looking ahead, ArqNeT’s coverage is also set to be further expanded to other regions in the near future.

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

The TRADE

Aquis has seen another year of strong growth thanks to rising revenues in its data and technology businesses. The exchanges markets business also saw 7% growth to £10.9 Aquis attributed the growth in market share to changes to its proprietary trading rule in September. Data and technology saw 24% and 22% growth to £3.7

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Aquis’ diversification strategy a significant factor in strong H1 results

The TRADE

The Aquis markets division delivered strong results, following on from the integration of Aquis Matching Pool last year, with revenues spurred on by the diversification of the business, Alasdair Haynes, chief executive of Aquis, told The TRADE. “If

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

The TRADE

Both the US and Switzerland were popular amongst lower latency trading firms, said Acuiti. Read more: Volatility trading picking up traction as the market pegs it as a future core strategy “After an exceptionally volatile six months in the first half of last year, it is no surprise that proprietary trading performance has dipped during 2023.

Trading 110
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Euronext continues investment in clearing business with 50 new hires

The TRADE

Euronext is approaching the end of a two-year hiring spree for its new clearing business as it continues to invest in the division as a core pillar of its future strategy. We’ll definitely look at expanding as soon as possible to be able to clear non-Euronext trading venues as that’s what our clients want.”

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

The TRADE

As wage appreciation slows, firms have the confidence to expand their teams and continue to grow their businesses.” The report also found that just under a fifth of proprietary trading firms surveyed that outsource their trading screens to an independent software vendor (ISV) are currently planning to build inhouse systems.

Trading 59
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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