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

The TRADE

to cover previously exempt proprietary trading firms. The move to increase the number of broker dealer firms registering with FINRA comes as the commission aims to promote fair, orderly, and more efficient markets. Today [23 August], many broker-dealers conduct significant cross-exchange or off-exchange activity.

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Retail regulatory restrictions could boost European listed derivatives markets, but how will institutional brokers be affected?

The TRADE

European retail brokers are expected to target growth in institutional markets alongside expanding into listed derivatives if restrictions on contract for difference (CFD) markets continue to gain traction, a study by Acuiti in partnership with ION has found.

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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. All other members, excluding AQSE broker membership, will have to pay £2,500 per month.

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More than two thirds of traders are looking to diversify through Asia and South America expansion

The TRADE

Connectivity costs ranked top out of five key considerations when connecting to a new market for proprietary trading firms, while hedge funds and bank execution desks ranked it second after preferred brokers providing access. Acuiti surveyed 76 proprietary trading firms, trading desks, hedge funds and bank execution desks.

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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 one with over 70,000 views was news in August that the US Securities and Exchange Commission (SEC) had moved to expand the remit of national securities associations such as the Financial Industry Regulatory Authority (FINRA) to cover previously exempt proprietary trading firms.

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LMAX Group acquires FX HedgePool

The TRADE

LMAX Group has acquired FX HedgePool as it seeks to expand its FX offering and build into a global cross-asset marketplace.

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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.

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