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

The TRADE

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.

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

The TRADE

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 proprietary trading firms,” said Ross Lancaster, head of research at Acuiti. “The

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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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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 set to begin charging members for non-displayed data after 10 years of no fees

The TRADE

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.

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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 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