In a proactive move signaling confidence in the financial markets, proprietary trading firms globally are poised to scale up their foreign exchange (FX) trading activities and boost investment budgets in 2024. This development stems from findings in the latest Acuiti Proprietary Trading Management Insight Report, unveiled today (Monday).

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Proprietary Trading Firms Gear Up for FX Growth and Investment Spike in 2024

The report, a collaborative effort with Avelacom and produced after surveying senior executives from over a hundred proprietary trading firms, paints a picture of a sector on the brink of significant growth.

With 45% of FX trading entities looking to substantially up their game in the asset class, and a keen interest in equity options, the landscape for 2024 shows a bullish trend. Conversely, cash equities seem to be on a downtrend, especially in Europe, where a notable fraction of firms intend to pare down their exposure.

"The report reveals that proprietary trading firms are willing to invest in improving their connectivity to markets, including exploring new ones," Aleksey Larichev, the Managing Director at Avelacom, commented.