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

The TRADE

The Securities and Exchange Commission (SEC) has moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA). to cover previously exempt proprietary trading firms.

Trading 98
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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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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. The exchange confirmed at the beginning of this month that it was set to begin charging its trading members for non-displayed market data feeds for the first time since its inception almost 11 years ago.

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SEC greenlights MIAX’s August launch of new taker-maker US options venue

The TRADE

MIAX has gained approval from the US Securities and Exchange (SEC) for its new US options electronic exchange and physical trading floor, MIAX Sapphire. The physical trading floor is expected to go live in 2025 and will be the first national securities exchange to be established in Miami, Florida.

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Outsourced trading: Easy to do, difficult to get right

The TRADE

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.

Trading 59
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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

Coming in at number three in our most read stories was news in September that the US’ Securities and Exchange Commission (SEC) had issued a ruling for a new National Market System. Majority of prop trading firms obliged to join FINRA under expanded SEC rule And finally, we reach the crescendo of The TRADE’s most read stories for 2023.

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Fireside Friday with… ION’s Edoardo Pacenti

The TRADE

They will bolster the security of the US Treasury market by mandating central clearing for eligible securities, such as repos and reverse repos, inter dealer broker transactions and other cash transactions. How will fixed income trading desks be impacted by these proposals?

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