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More than three quarters of surveyed prop trading firms confirmed said volatility trading strategies had out-performed other markets last year, according to a new report from Acuiti. Around a third of surveyed firms which are not currently trading volatility products confirmed their intention to do so going forward.
Emerging markets broker Arqaam Capital has launched a new proprietarytrading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets.
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.
to cover previously exempt proprietarytrading 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.
Around 45% of firms which already trade FX are planning to significantly increase their exposure in the asset class as of next year, an Acuiti report has found. Will Mitting, founder of Acuiti, said: “Proprietarytrading firms are looking ahead to 2024 with optimism and planning expansion and increased investment.
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 proprietarytrading firms,” said Ross Lancaster, head of research at Acuiti. “The
Derivatives volumes in Asia-Pacific (APAC) are growing at a considerable rate – contrasting declines in Europe and marginal growth in the US – presenting increased opportunities for European proprietarytrading firms and hedge funds. Trading Technologies has long recognised the tremendous trading opportunities in the APAC region.
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.
Aquis attributed the growth in market share to changes to its proprietarytrading 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.
LMAX Group has launched FX non-deliverable forwards (NDFs) which are available to trade in two matching centres: Singapore (SG1) and London (LD4). ” The launch will initially target Asia Pacific and will support increasing regional demand for FX NDF trading and access to institutional liquidity as well as enhanced FX market structure.
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
London, UK, November 22nd, 2024, FinanceWire Capitalize, one of the leading proprietarytrading firms, has announced their “One-Step Evaluation” program that allows easier access to trading opportunities than ever before.
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 firms are increasingly looking to diversify their trading strategies through entry to new markets, with over half of respondents confirming definite plans to expand to new regions within the next three years, a new Acuiti report has found.
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.
Following a recent period of high volatility, strategies have begun to alter accordingly and market onlookers continue to predict a growth in volatility trading as the market increasingly turns its attention to the area.
It also opens the door to the exchange’s post-trade and testing environments. The move facilitates low latency access to B3 for all trading participants and extends the exchange’s services to numerous additional global markets.
Fixed income proprietarytrading firm Millenium Advisors has opened a new office in Singapore as it continues its expansion across Asia. The post Millennium Advisors launches Singapore office appeared first on The TRADE.
Aquis Exchanges new VWAP matching service is set to go live in the first quarter of next year, The TRADE can reveal. Once both parties agree to firm up, that will trigger the VWAP period, Aquis Exchanges head of sales, Sakeena Lalljee, tells The TRADE. Named Aquis VWAP Match, the new service will initially launch in Q1.
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 However, Attia confirmed that further open access measures for other non-Euronext trading venues were not out of the question. We retain flexibility.
Currently, FX swaps account for more than half of total daily FX turnover and are the most traded instrument (in excess of $3.8 The post LMAX Group acquires FX HedgePool appeared first on The TRADE. trillion per day). This deal follows LMAX’s acquisition of FX-focused execution services and data analytics provider Cürex last year.
Technology solutions business CQG has unveiled a new trading toolkit, with a “first of its kind” AI predictive model for traders which incorporates live data to predict futures market moves. They can then use CQG for charting and trading with those models.” The post CQG unveils AI predictive model for traders appeared first on The TRADE.
Euronext Clearing will be the preferred clearing house for Euronext’s cash equities markets, however for other trading services for derivatives, commodities futures and repo clearing, the preferred clearing model does not currently exist and so Euronext Clearing will clear all of the flow.
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. The post The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation appeared first on The TRADE.
In addition, currently, the Fixed Income Clearing Corporation (FICC) is indirectly exposed if one of its members makes a trade with a non-member and subsequently defaults on the transaction. This is done to increase oversight of ProprietaryTrading Firms (PTFs), which play a significant role in providing liquidity in the US Treasury market.
Proprietarytrading firms which took part in the survey predict that significant flows into listed derivatives markets would improve liquidity, provide greater opportunities for institutional firms and increase revenues. appeared first on The TRADE. For incumbent institutional firms this provides an opportunity.
Trading and ProprietaryTrading Many large banks are involved in trading activities. This can be trading on behalf of their clients (like when you buy a stock through a bank's brokerage service) or proprietarytrading where banks invest their own money.
But running through the Brighton born and bred Papanichola’s veins is an activist streak that has continued to influence his decisions and shape the course of his career to date, ultimately leading him to his current role as head of trading at London-based activist hedge fund, Bluebell Capital Partners.
The onus is now on these providers to alleviate any workflow issues that may arise for buy-side firms looking to trade around the time of the cut offs – of which there are many. The idea that more trades might be settled bilaterally also increases the counterparty risk that regulators have been looking to avoid across the industry.
The Securities and Exchange Commission (SEC) is in the process of introducing noteworthy rule changes to the clearing of fixed income securities, a development which is set to reshape the landscape for fixed income trading. For trading desks, the new rules will result in a range of operational and regulatory shifts.
Over that time, I have traded and managed trading businesses across most products in fixed income and foreign exchange. I have also worked on different types of trading desks ranging from full-franchise to proprietarytrading. This can be addressed via regular and consistent analysis of client request/trading data.
In this environment, those still willing to make prices are choosier with who they will trade with and are likely to charge a wider bid offer spread. The proliferation of exchange traded funds (ETFs) and flows in fixed income has also enabled a more consistent approach to pricing on the buy-side.
“Taken to its logical extreme, the only way to address this ‘information asymmetry’ would be to compel every investor to make public all of its research regarding a given company prior to trading,” Zabel added. It also raised concerns about the study’s employment of FactSet Research System Inc.’s
“Taken to its logical extreme, the only way to address this ‘information asymmetry’ would be to compel every investor to make public all of its research regarding a given company prior to trading,” Zabel added. It also raised concerns about the study’s employment of FactSet Research System Inc.’s
Investment Banking Services Initial Public Offering (IPO) When a privately-owned business wants to become a publicly traded company, it goes through an IPO , or Initial Public Offering. There are a lot of other ways that investment banks make money, like Asset Managem ent and proprietarytrading. How do they do this?
Order and/or execution management systems (OEMS) Kicking off this whistle-stop summary as the number one most impactful innovation in the industry is the order and/or execution management system (OEMS) – the beating heart of trading desks around the world. CLS Coming in at number three is the multi-currency settlement system, CLS.
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding FX Trading Venue, showcasing excellence in the foreign exchange community.
The importance of these rules can be linked to the reshaping of the regulatory environment and ultimately creating a more robust trading environment and promoting investor confidence. A key objective of the regulation was to increase market transparency through the promotion of regulated trading venues and encouraging price discovery.
Miami International Holdings (MIM) has launched a fully integrated trading, clearing, settlement and depository (CSD) technology platform for The Bermuda Stock Exchange (BSX). The post Miami International Holdings and BSX unveil new trading and settlement platform appeared first on The TRADE.
Tell us more about Deutsche Brses new dark trading offering coming next week. The banks and proprietarytrading firms who are ready to go have more than 40% of the market share on Xetra today, and we also have some more in the pipeline that are interested and in preparation. we allowed time for everyone to get prepared.
Traditionally, only quant trading firms were at the forefront of the data race, but this is changing. Sell-side traders have begun to leverage a combination of Open Trading and automation to maximise balance sheet velocity and support portfolio style execution.
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