The TRADE

JUNE 14, 2023

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.

Proprietary Trading

The TRADE

SEPTEMBER 26, 2023

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 proprietary trading firms and hedge funds.

Trading

The TRADE

AUGUST 16, 2024

Fixed income proprietary trading firm Millenium Advisors has opened a new office in Singapore as it continues its expansion across Asia. Announced on social media, the move was described as marking “a significant milestone in Millennium Advisors’ growth, reinforcing [its] commitment to the APAC region”.

Proprietary Trading

The TRADE

SEPTEMBER 1, 2023

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 just wasn’t really tested very much at all and it just kept printing.”

Trading

The TRADE

JUNE 2, 2023

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. The exchange intends to keep its teams close to its key stakeholders. We don’t want them offshore or in the UK.

Business

The TRADE

DECEMBER 10, 2024

Aquis Exchanges new VWAP matching service is set to go live in the first quarter of next year, The TRADE can reveal. The service will rival that of competitor Cboe which launched its Cboe BIDS VWAP X offering in the UK in October, as revealed by The TRADE. Named Aquis VWAP Match, the new service will initially launch in Q1.

Proprietary Trading

The TRADE

OCTOBER 1, 2024

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

Proprietary Trading

The TRADE

JULY 17, 2024

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.

Electronics

The TRADE

JUNE 26, 2023

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. The transaction is expected to take place in July.

Proprietary Trading

The TRADE

JULY 4, 2024

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

The TRADE

DECEMBER 29, 2023

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.

Asset Management

Peak Frameworks

OCTOBER 30, 2023

Trading and Proprietary Trading 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 proprietary trading where banks invest their own money. Let’s dive into the primary sources.

Banking

The TRADE

MARCH 11, 2024

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. The new machine learning offering is aimed at retail traders and buy-side firms such as proprietary trading firms and hedge funds.

Proprietary Trading

The TRADE

SEPTEMBER 20, 2024

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 Proprietary Trading Firms (PTFs), which play a significant role in providing liquidity in the US Treasury market.

Trading

The TRADE

MARCH 6, 2024

Proprietary trading 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. The report found that should retail flow to listed markets increase, there would be significant benefits.

Broker

The TRADE

MAY 1, 2024

It was then that he moved onto the proprietary trading desk at the bank, mentored by former head trader at Moore Capital, Joe Cardello, and Jim Byrd, global head of macro trading at RBC. “My My key takeaway from those guys was that the core foundation of trading isn’t about buying and selling.

Trading

The Deal

AUGUST 9, 2023

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. has emerged as a top detractor of the rules and a study the agency issued that appears to support the commission’s case.

Investors

The Deal

JULY 24, 2023

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. has emerged as a top detractor of the rules and a study the agency issued that appears to support the commission’s case.

Investors

The TRADE

MAY 24, 2024

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 result? And, that it can’t simply make adjustments without due consideration of its membership and the impact on them.

Trading

Razorpay

JULY 27, 2023

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 proprietary trading. How do they do this?

Investment Banking

The TRADE

FEBRUARY 21, 2024

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 proprietary trading. I have seen many significant moments in history. This has always stayed with me.

Trading

The TRADE

AUGUST 7, 2024

That’s difficult to replicate using outsourced trading,” asserted the senior panellists. Cost must be balanced with effectiveness When it comes to outsourcing trading, seeking offerings with clear value-add and a smooth operational set-up has been front of mind for firms.

Trading

The TRADE

DECEMBER 5, 2024

“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. PTFs, which trade using their own capital rather than on behalf of clients, will now be required to register as dealers with both the SEC and FINRA. “Our

Trading

The TRADE

SEPTEMBER 28, 2023

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. The current macroeconomic backdrop has left many fixed income buy-side traders wanting when it comes to sourcing liquidity using the traditional methods.

Trading

The TRADE

OCTOBER 24, 2024

Bloomberg Terminal Up next and needing little introduction is the Bloomberg Terminal, Bloomberg’s data and proprietary trading platform. Home to Bloomberg’s central data services the interface offers users access to news, data, analytics, and multi-asset trading tools.

Trading

The TRADE

APRIL 30, 2024

These measures included mandates for constraints on proprietary trading (known as the Volcker Rule), and enhanced supervision of derivatives markets, as well as increased capital reserves. A key aspect of Mifid II, is the expansion of transparency requirements, namely in the trading of financial instruments.

Financial Institution

The TRADE

OCTOBER 19, 2023

CME Group, EBS CME Group’s EBS returns to this award category following a nomination at last year’s Leaders in Trading awards gala. CME Group also boasts over 90,000 users in FX futures raging from corporates, banks, proprietary trading companies, retail, asset managers and hedge funds.

Trading

The TRADE

DECEMBER 6, 2024

The banks and proprietary trading 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’ve previously spoken about the idea of an integrated approach to dark trading, why is this important?

Book-building

The TRADE

DECEMBER 27, 2024

Traditionally, only quant trading firms were at the forefront of the data race, but this is changing. Gareth Coltman, global head of trading automation at MarketAxess Automation has transformed bond market trading in 2024, with the majority of trades from our largest clients now automated for the first time.

Trading