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Prop trading firms turn to Middle East as they consider leaving Europe in the wake of IFPR

The TRADE

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.

Trading 110
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Proprietary traders prioritising FX as rising costs lead firms to trade fewer products and markets

The TRADE

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: “Proprietary trading firms are looking ahead to 2024 with optimism and planning expansion and increased investment.

Trading 81
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Aquis set to begin charging members for non-displayed data after 10 years of no fees

The TRADE

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.

Trading 119
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Aquis’ diversification strategy a significant factor in strong H1 results

The TRADE

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

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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

Cboe names new chief executive as Edward Tilly resigns over undisclosed personal relationships Coming in at number four in The TRADE’s most read stories for 2023 was news in September that Cboe Global Markets’ chief executive officer Edward Tilly had resigned over undisclosed personal relationships.

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Avelacom enhances low latency service offering following authorisation from Brazil Stock Exchange

The TRADE

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.

Stock 64