NEWS UPDATE
TECHNOLOGY
Proprietary traders prepare for big year ahead
Proprietary trading firms are increasing their investment budgets on the expectation of another strong year of trading , according to the latest Acuiti Proprietary Trading Management Insight Report . Based upon a quarterly survey of the Acuiti Proprietary Trading Expert Network , a group of over 100 senior proprietary trading executives , the report found that 68 % of firms represented in the network were planning above average technology investment budgets in 2023 . A quarter ( 25 %) said that their budget would be significantly above average . The primary goal for this increased tech spending is to improve latency on existing markets , highlighting the increasing importance of speed in times of volatile market conditions and droughts of liquidity . Connectivity to new markets is also a focus area for investment . “ In volatile times traders see optimised latency as a necessity . The ability to trade as quickly as possible in fast moving markets has never been more important ,” said Aleksey Larichev , co-founder and managing director of low latency connectivity provider Avelacom , which partnered with Acuiti to produce the report .
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