article thumbnail

Fireside Friday with… Nasdaq’s Valerie Bannert-Thurner

The TRADE

On the buy-side, Nasdaq has different solutions across long-onlys, typical asset managers, proprietary trading firms, and they’re all cloud enabled or available as test services with very regular updates. How is the buy-side sentiment when it comes to the partnership announcements?

article thumbnail

Cboe Global Markets to disband Japanese equities business

The TRADE

Cboe Global Markets is set to discontinue its Japanese equities business and suspend the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. The exchange has said that the closure aligns with plans to channel resources into other opportunities to provide the most benefits to shareholders and was also (..)

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Arqaam Capital launches new Middle East and North Africa focused proprietary trading tool for European clients

The TRADE

Emerging markets broker Arqaam Capital has launched a new proprietary trading infrastructure tool, ArqNET, aimed at enabling European institutional clients to trade faster in Middle East and North Africa (MENA) markets.

article thumbnail

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

The TRADE

to cover previously exempt proprietary trading firms. The decision is set to contribute to greater transparency and strengthened oversight in the treasury markets due in large part to the fact that FINRA requires members report post-trade activity in these markets.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.”