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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.

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Majority of prop trading firms obliged to join FINRA under expanded SEC rule

The TRADE

to cover previously exempt proprietary trading firms. The decision is set to contribute to greater transparency and strengthened oversight in the treasury markets due in large part to the fact that FINRA requires members report post-trade activity in these markets.

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Over 75% of prop trading firms saw volatility trading strategies out-perform other markets in 2022

The TRADE

Acuiti’s research – commissioned by MIAX – included responses from senior executives across 94 proprietary trading firms, hedge funds, banks and interdealer brokers, as well as the main futures commission merchants ( FCM ) that serve the derivatives market.

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Proprietary traders prioritising FX as rising costs lead firms to trade fewer products and markets

The TRADE

Will Mitting, founder of Acuiti, said: “Proprietary trading firms are looking ahead to 2024 with optimism and planning expansion and increased investment. However, exchange costs are an increasing burden for many firms, which are trading fewer products and markets than they would if fees were lower.”

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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.

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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.

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

The TRADE

Aquis attributed the growth in market share to changes to its proprietary trading rule in September. Market share had grown from 4.97% in December last year to 5.46% in February.