UK respondents to the survey had the most depressed revenues compared to other regions.
Brexit uncertainty continues to hang over the United Kingdom’s derivatives market, the inaugural Acuiti Derivatives Insight Report found, despite solid revenue performance in the sector during the month of March.
Acuiti is a new business intelligence platform for the global derivatives market. The first report from the platform, which is based on submissions from over 140 senior derivatives professionals, found that revenues for the derivatives sector had either risen or remained constant in March of 2019 on both a monthly and yearly comparison.
Specifically, out of the total respondents, 38 percent reported an uptick in revenues month-on-month, and 33 percent achieved an increase in revenues on a year-on-year comparison. Seventeen percent of total respondents, however, experienced lower revenues month-on-month.
During the month of March, non-bank futures commission merchants (FCMs) and inter-dealer brokers reported the most positive trading conditions, the report found. However, banks reported challenging market conditions.
Acuiti: UK and Europe Drag Down Segment Performance
The Acuiti report also found that, although the segment as a whole achieved stable results, there was a marked difference in the performance across continents. Specifically, South America, the Asia Pacific region and the Middle East all drove revenue growth. However, European and UK participants faced a more difficult market.
UK respondents to the survey had the most depressed revenues combined with the fastest rising cost bases. The majority of the survey participants based in Britain cited Brexit as a primary obstacle to achieving growing revenues.
Commenting on the results, Will Mitting, managing director of Acuiti, said: “The overall performance and outlook for the derivatives market is positive but the ongoing uncertainty over Brexit is having a major impact on market participants in both the UK and Europe."
“Despite a strong month for volumes in March and a positive performance outside Europe, Brexit is causing a Cloud over revenue growth and leading to sharp rises in cost bases in both the UK and the other EU countries.”
Brexit uncertainty continues to hang over the United Kingdom’s derivatives market, the inaugural Acuiti Derivatives Insight Report found, despite solid revenue performance in the sector during the month of March.
Acuiti is a new business intelligence platform for the global derivatives market. The first report from the platform, which is based on submissions from over 140 senior derivatives professionals, found that revenues for the derivatives sector had either risen or remained constant in March of 2019 on both a monthly and yearly comparison.
Specifically, out of the total respondents, 38 percent reported an uptick in revenues month-on-month, and 33 percent achieved an increase in revenues on a year-on-year comparison. Seventeen percent of total respondents, however, experienced lower revenues month-on-month.
During the month of March, non-bank futures commission merchants (FCMs) and inter-dealer brokers reported the most positive trading conditions, the report found. However, banks reported challenging market conditions.
Acuiti: UK and Europe Drag Down Segment Performance
The Acuiti report also found that, although the segment as a whole achieved stable results, there was a marked difference in the performance across continents. Specifically, South America, the Asia Pacific region and the Middle East all drove revenue growth. However, European and UK participants faced a more difficult market.
UK respondents to the survey had the most depressed revenues combined with the fastest rising cost bases. The majority of the survey participants based in Britain cited Brexit as a primary obstacle to achieving growing revenues.
Commenting on the results, Will Mitting, managing director of Acuiti, said: “The overall performance and outlook for the derivatives market is positive but the ongoing uncertainty over Brexit is having a major impact on market participants in both the UK and Europe."
“Despite a strong month for volumes in March and a positive performance outside Europe, Brexit is causing a Cloud over revenue growth and leading to sharp rises in cost bases in both the UK and the other EU countries.”
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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