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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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Millennium Advisors launches Singapore office

The TRADE

Fixed income proprietary trading firm Millenium Advisors has opened a new office in Singapore as it continues its expansion across Asia. Announced on social media, the move was described as marking “a significant milestone in Millennium Advisors’ growth, reinforcing [its] commitment to the APAC region”.

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Euronext continues investment in clearing business with 50 new hires

The TRADE

The exchange group set out plans at the end of 2021 to grow the Euronext Clearing’s headcount by 65% at the end of 2023, amounting to roughly 50 new hires across its risk, technology, sales and product development functions. We will therefore have sales and development resources close to the relevant stakeholders.

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Aquis VWAP Match service set to go live in Q1

The TRADE

Once both parties agree to firm up, that will trigger the VWAP period, Aquis Exchanges head of sales, Sakeena Lalljee, tells The TRADE. At the end of that period, that’s when the volume weighted average price will be known based on lit trades that have taken place in that window.

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Fireside Friday with… ION’s Edoardo Pacenti

The TRADE

This is done to increase oversight of Proprietary Trading Firms (PTFs), which play a significant role in providing liquidity in the US Treasury market. PTFs engage in trading with their own capital rather than on behalf of clients and will have to register with the SEC and FINRA as dealers.

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The Big Interview: David McAnany

The TRADE

I have also worked on different types of trading desks ranging from full-franchise to proprietary trading. I have had the privilege to experience many different cultures and time zones, having worked in Sydney, Wellington, Hong Kong and London. I have seen many significant moments in history.

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Volatility trading picking up traction as the market pegs it as a future core strategy

The TRADE

As highlighted in Acuiti’s report – which included responses from senior executives across 94 proprietary trading firms, hedge funds, banks, interdealer brokers, and futures commission merchants (FCM) that serve the derivatives market – 2022 saw a surge in interest in volatility trading from the market.

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