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

The TRADE

Both the US and Switzerland were popular amongst lower latency trading firms, said Acuiti. Read more: Volatility trading picking up traction as the market pegs it as a future core strategy “After an exceptionally volatile six months in the first half of last year, it is no surprise that proprietary trading performance has dipped during 2023.

Trading 110
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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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Over 75% of prop trading firms saw volatility trading strategies out-perform other markets in 2022

The TRADE

Acuiti’s research – commissioned by MIAX – included responses from senior executives across 94 proprietary trading firms, hedge funds, banks and interdealer brokers, as well as the main futures commission merchants ( FCM ) that serve the derivatives market.

Trading 98
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Asia-Pacific holds untapped derivatives trading potential if local regulatory and counterparty challenges can be overcome

The TRADE

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 Technologies has long recognised the tremendous trading opportunities in the APAC region.

Trading 64
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Millennium Advisors launches Singapore office

The TRADE

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”.

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The TRADE’s most read stories of the year part three: Regulation, consolidation and resignation

The TRADE

Perpetual merges regional asset management businesses under one global umbrella At number two in our most read stories series, we have the announcement that Perpetual Group had merged its regional assets management businesses to form one global division in August.

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LMAX Group acquires FX HedgePool

The TRADE

“We believe that with the acquisition of FX HedgePool, our combined client base will benefit from access to a wider suite of products and increased global distribution,” said David Mercer, chief executive, LMAX Group.  “Following this acquisition and that of Cürex last year, we now have a compelling proposition for asset managers and other buy-side (..)