Prop trading firms turn to Middle East as they consider leaving Europe in the wake of IFPR
The TRADE
SEPTEMBER 8, 2023
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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