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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.

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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.”

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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 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.

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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.

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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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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.

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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.

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