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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. Looking ahead, ArqNeT’s coverage is also set to be further expanded to other regions in the near future.
In May, the quarterly Acuiti Avelacom survey found that around 50% of prop trading firms were considering moving operations out of European markets due to complexity around the Investment Firms Prudential Regime (IFRD). Both the US and Switzerland were popular amongst lower latency trading firms, said Acuiti.
The UK saw the greatest jump followed by the US. “The last few years have been strong ones in terms of business performance for many proprietarytrading firms,” said Ross Lancaster, head of research at Acuiti. “The
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
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 proprietarytrading rule in September. Data and technology saw 24% and 22% growth to £3.7
Aquis Exchange is set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago. Non-display and terminal fees are now applicable to trading members, the notice confirmed. Trading fees, subscriptions, and message tiers remain unchanged, The TRADE understands.
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 want to regain strategic autonomy on post-trade and clearing specifically,” Euronext’s global head of primary markets and post-trade, Anthony Attia, told The TRADE. “We
Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.
It also opens the door to the exchange’s post-trade and testing environments. The move facilitates low latency access to B3 for all trading participants and extends the exchange’s services to numerous additional global markets.
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.
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.
Technology solutions business CQG has unveiled a new trading toolkit, with a “first of its kind” AI predictive model for traders which incorporates live data to predict futures market moves.
Commercial Banks: These cater to businesses, providing loans, treasury, and cash management services. Trading and ProprietaryTrading Many large banks are involved in trading activities. 2019 was a notable year for trading, especially for banks like J.P.
Joining the industry after graduating from business school at the age of 20, Papanichola has an impressive track record that spans across five hedge funds and two banks. My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling. I could literally trade any product if I wanted to.
The Securities and Exchange Commission (SEC) is in the process of introducing noteworthy rule changes to the clearing of fixed income securities, a development which is set to reshape the landscape for fixed income trading. For trading desks, the new rules will result in a range of operational and regulatory shifts.
Over that time, I have traded and managed tradingbusinesses across most products in fixed income and foreign exchange. I have also worked on different types of trading desks ranging from full-franchise to proprietarytrading. I have seen many significant moments in history.
Similarly, businesses with large, complex financial needs go to the country’s biggest banks. Let’s take an in-depth look at what an investment bank is, and how businesses benefit from them. Here’s more detail into the services that investment banks provide to businesses. These banks are called investment banks.
In this environment, those still willing to make prices are choosier with who they will trade with and are likely to charge a wider bid offer spread. The proliferation of exchange traded funds (ETFs) and flows in fixed income has also enabled a more consistent approach to pricing on the buy-side.
Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding FX Trading Venue, showcasing excellence in the foreign exchange community.
The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence. A key objective of the regulation was to increase market transparency through the promotion of regulated trading venues and encouraging price discovery.
Tell us more about Deutsche Brses new dark trading offering coming next week. The banks and proprietarytrading firms who are ready to go have more than 40% of the market share on Xetra today, and we also have some more in the pipeline that are interested and in preparation. we allowed time for everyone to get prepared.
Traditionally, only quant trading firms were at the forefront of the data race, but this is changing. Sell-side traders have begun to leverage a combination of Open Trading and automation to maximise balance sheet velocity and support portfolio style execution.
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