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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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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 57
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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 117
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Euronext agrees to sell LCH SA stake for €111 million as part of ongoing clearing migration

The TRADE

The move comes as part of Euronext’s ongoing migration of its clearing business back into the Bloc and onto its own clearing house, Euronext Clearing. Euronext Milan’s listed derivatives business is already cleared by Euronext Clearing. The transaction is expected to take place in July.

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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

Perpetual merges regional asset management businesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assets management businesses to form one global division in August.

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

The TRADE

Read more: Avelacom unveils new latency routes connecting to South Korea Avelacom’s network allows clients to test and trade B3 by receiving market data feeds and trading remotely as well as on-site without needing to be collocated in B3’s data centre.

Stock 62