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Lion’s share of proprietary firms preparing to increase trading headcount in 2024

The TRADE

When asked how firms were planning to change their headcount throughout 2024, hiring developers was the second priority after hiring new trading talent, with around 75% of those surveyed expected to add new staff in this area.

Trading 59
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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.”

Trading 81
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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. According to a member notice distributed on Friday 1 March, members on both Aquis Exchange and Aquis Exchange Europe will have to pay the same monthly rate as non-members for non-displayed data effective 1 June 2024.

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

The TRADE

According to a member notice distributed on Friday 1 March, members on both Aquis Exchange and Aquis Exchange Europe will have to pay the same monthly rate as non-members for non-displayed data effective 1 June 2024. Non-display and terminal fees are now applicable to trading members, the notice confirmed.

Trading 119
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Capitalize Announcing Prop Trading with One-Step Evaluation Program for Aspiring Traders

Global Banking & Finance

London, UK, November 22nd, 2024, FinanceWire Capitalize, one of the leading proprietary trading firms, has announced their “One-Step Evaluation” program that allows easier access to trading opportunities than ever before.

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Euronext continues investment in clearing business with 50 new hires

The TRADE

Read more – Euronext continues European internalisation with Borsa Italiana migration to proprietary trading platform In January, the exchange operator confirmed it was set to pay €36 million to LSEG’s clearing house LCH SA in exchange for the early termination of its derivatives clearing agreement.

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

The TRADE

An Acuiti report from March found that almost 68% of proprietary trading firms are planning to trade on new exchanges in 2024, with Brazil touted as a main area of focus, along with Asia-Pacific.

Stock 64