The Proprietary Trading Management Insight Report is free to read for executives at proprietary trading firms, to request your copy visit: https://www.acuiti.io/proprietary-trading-management-insight-report-q3-2025-2/
London – 12th September 2025: Proprietary trading firms are divided on whether 24/7 trading will be a good thing for the market, the latest Acuiti Proprietary Trading Management Insight Report has found.
The concept of round-the-clock trading is gathering momentum after Coinbase became the first CFTC-regulated exchange to launch 24/7 Bitcoin and Ethereum trading. In addition, major exchange groups have mooted the prospect of continuous trading in traditional asset classes on their markets.
The quarterly Proprietary Trading Management Insight Report, which was released today and is produced in partnership with Avelacom, is based on a survey of the Acuiti Proprietary Trading Expert Network, which comprises senior proprietary trading executives around the world. The report provides insights into the key trends facing the community.
This quarter’s report found that prop firms are evenly split on their attitudes towards 24/7 trading. 37% of the network were either very positive (10%) or quite positive (27%) while 38% of the network had a very negative (15%) or quite negative (23%) view.
While firms were split on the benefits, there was more alignment on the challenges. The main concern around 24/7 trading by far was related to operational staffing and resource requirements.
Only 16% of respondents said that meeting the demands of 24/7 trading would require no investment. However, 45% said it would only take a small investment while just 5% said it would more than double their cost base.
“The proprietary trading community recognises the potential benefits of 24/7 trading but is cautious about the operational and liquidity challenges it introduces,” said Ross Lancaster, Head of Research at Acuiti. “It is clear that infrastructure across the market, particularly with regards to payments and the movement of collateral will have to be upgraded.”
“The discussion around 24/7 trading is multifaceted with different jurisdictions and asset classes having different considerations,” said Aleksey Larichev, CEO of Avelacom. “Avelacom’s experience of providing always-on infrastructure across both crypto and traditional markets allows us to support our clients, whichever path is adopted.”
The report also covered attitudes to liquidity provision and market maker schemes at exchanges. Firms in the network urged exchanges to avoid overly complex schemes and to keep incentive programmes flexible and short-term.
Competitive incentive structures, clear quoting obligations and transparency in how the schemes are evaluated were said to be the key components of a good scheme.
Other key findings in this quarter’s report include:
- Regulation and finding skilled staff were the top challenges for proprietary trading firms in H1 2025
- Proprietary trading firms performed well during H1 with 67% reporting a better period than in H1 2024
- 41% of proprietary trading firms would like to see exchanges do more to move FX options from OTC to listed markets
The report also features a Q&A with Kraken’s Shannon Kurtas on everything from regulation to stablecoins and crypto market structure.
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For more information, contact Will Mitting at Acuiti
Tel.: +44 (0) 203 998 9190
Email: willmitting@acuiti.io
About Acuiti
Acuiti is a management intelligence platform designed to provide Senior Industry Professionals in the Derivatives Industry with high-value insight into industry-wide performance and business operations. Acuiti provides a platform through which our exclusive network of Senior Industry Executives can share and source information on day-to-day operational challenges, providing them and their management teams with increased transparency and in-depth analysis to make more informed decisions and benchmark company performance. Financial Institutions benefiting from our services include Banks, Non-bank FCMs, Brokers, Proprietary Trading Firms, Hedge Funds and Asset Managers.
About Avelacom
Avelacom provides global market access solutions with ultra-low latency connectivity and IT infrastructure for market makers and arbitrage trading firms. We design and build proprietary paths across both TradFi and crypto markets, delivering the lowest latencies. Our network supports dual, tri, and quad redundancy to ensure 99.9% uptime. Services also include colocation and servers on demand.