DV Trading
DV Trading is a Chicago-headquartered proprietary trading firm founded in 2006 that trades its own capital across futures, options, equities, FX, fixed income and cryptocurrencies globally, operating 500+ personnel across eight offices and four divisions spanning commodities, securities financing and qualified-investor strategies.
- Company typePrivate
- Founded2006
- HeadquartersChicago, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What DV Trading does
DV Trading is a North American-based proprietary trading firm founded in 2006 and headquartered in Chicago, operating under DV Group, LLC. The firm trades its own capital across futures, options, equities, foreign exchange, fixed income and cryptocurrency products on global derivatives and securities exchanges, serving as both a liquidity maker and taker. Operations are organized across four divisions: DV Trading (multi-asset class proprietary trading), DV Commodities (crude oil, refined products, natural gas, power and emissions with 35+ desks in London, New York and Chicago), DV Securities (fixed income funding and financing for institutions, REITs and hedge funds, processing tens of billions in daily volume as an FICC netting member), and DV Investment Management (proprietary strategies made available to qualified investors). The firm has grown from a Toronto-based trading group founded in 2006, through a 2016 spin-off into DV Group, to over 500 personnel across eight offices in Chicago, New York, London, Toronto, Dubai, Miami, Houston and the Bahamas.
The firm's core technology stack is built around proprietary low-latency trading software and infrastructure, augmented by the 2022 acquisition of Allston Trading's low-latency systems and the March 2026 business combination with TradeLink Holdings, which added MFT infrastructure and R&D resources. Technology is positioned as a primary differentiator enabling fast, reliable and scalable access to global markets across both exchange and OTC venues. The firm is regulated by the SEC, FINRA, DTCC/FICC and operates under correspondent custodial bank oversight. Distribution is direct market participation rather than a traditional sales motion, with the firm acting as principal across global exchanges and OTC markets and as counterparty to institutions for financing transactions.
The business model generates revenue from net trading P&L on proprietary capital across multiple asset classes, complemented by financing spreads on DV Securities collateralized transactions and management or performance economics on DV Investment Management strategies for qualified investors. Customer concentration risk is low in the conventional sense because the firm is not selling to external customers in a traditional sales motion; its counterparties are diversified across institutional liquidity takers, REIT and hedge fund financing clients, and qualified investors. Recent strategic emphasis has been on inorganic growth, with three acquisitions completed in four years and a November 2025 partnership with ARP Digital Holdings to expand structured digital asset product distribution into the Middle East.
DV Trading firmographics
Firmographics- Name
- DV Trading
- Legal name
- DV Group, LLC
- Website
- https://dvtrading.co
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- DV Trading is a Chicago-headquartered proprietary trading firm founded in 2006 that trades its own capital across futures, options, equities, FX, fixed income and cryptocurrencies globally, operating 500+ personnel across eight offices and four divisions spanning commodities, securities financing and qualified-investor strategies.
- Ownership category
- akta.pro rank
DV Trading industry classification
Industry- Product category
- Proprietary Trading
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Single-Dealer Platforms (Multi-Asset) (FSAFAEAG)
- akta.pro secondary industries
- Managed Futures / CTA (Trend, Carry, Global Futures) (FSAHAEAB), Electronic/Direct Market Access (DMA) & Sponsored Access (FSACAFAI), Derivatives Trading Venues (perps, futures, options) (FSAPADAE)
Keywords
Where DV Trading is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices8 records
Markets served
DV Trading business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Proprietary Trading: DV Trading utilizes its own capital to trade across multiple asset classes including futures, options, equities, foreign exchange, fixed income and cryptocurrency products. The firm generates returns by acting as both a liquidity provider and market maker across global exchanges and OTC markets.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
DV Trading product offering
Product offeringCore offering
DV Trading is a North American-based proprietary trading firm that deploys its own capital across global financial markets, trading futures, options, equities, foreign exchange, fixed income and cryptocurrency products. The firm operates four divisions — DV Trading (core proprietary trading), DV Commodities (crude oil, refined products, natural gas, power and emissions), DV Securities (fixed income financing to institutional counterparties), and DV Investment Management (proprietary strategies for qualified investors) — acting as both liquidity provider and taker to generate outsized returns.
Product overview
DV Trading operates as a unified platform across multiple proprietary trading divisions. The core DV Trading platform provides proprietary trading in futures, options, fixed income, and equities with proprietary trading software and infrastructure. Three main sub-brands extend the platform: DV Commodities (energy and commodity products trading with over 35 desks), DV Securities (fixed income financing and funding capabilities processing tens of billions in daily trades), and DV Investment Management (making proprietary strategies available to qualified investors). The divisions share technology infrastructure and research capabilities while serving complementary market segments from a single organizational platform.
Differentiator
Problem solved
Functional benefit
Brands
- DV Commodities: Commodities trading division specializing in crude oil, refined products, natural gas, power and emissions with over 35 desks in London, New York and Chicago
- DV Securities
- DV Investment Management
Products and services
- DV Trading A leading global proprietary trading division that utilizes the firm's own capital to participate as one of the world's largest consumers and providers of global market liquidity across futures, options, equities, forex, fixed income and cryptocurrency products.
- DV Commodities Specializes in trading commodity products including crude oil, refined products, natural gas, power and emissions. Operates over 35 desks with traders and staff in London, New York and Chicago, serving as one of the world's largest liquidity providers in the energy space.
- DV Securities Provides efficient, reliable, and secure funding capabilities to institutional counterparties, sitting between institutions with cash to lend in collateralized transactions and REITs/hedge funds seeking financing for fixed income portfolios including agency mortgage-backed securities and US Treasury securities. Processes tens of billions of dollars in trades daily.
- DV Investment Management
Companies that use DV Trading
Customer profileSegments4 records
Ideal customer profiles3 records
DV Trading technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
DV Trading partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- TradeLink Holdings LLCflagshipDV Group completed a business combination with TradeLink Holdings LLC, integrating TradeLink's proprietary trading business into DV Trading. Over 80 experienced professionals specializing in futures, options, and commodities trading joined DV, expanding global footprint and strengthening MFT infrastructure and R&D resources. TradeLink, founded in Chicago in 1979, brings complementary technology platforms, research capabilities, and trading strategies.
- ARP Digital HoldingscoreARP Digital Holdings, a Middle East-based digital asset and investment firm, partnered with DV Trading and Centaur Markets to expand digital wealth management offerings globally. DV Trading's Centaur Markets desk serves as a dedicated liquidity provider and market maker for new structured digital asset products initially serving clients in the Middle East through ARP Digital Bahrain B.S.C., subject to regulatory approvals.
- Allston Holdings LLCflagshipDV Group announced agreement to acquire Allston Holdings LLC, a leading proprietary trading firm. The acquisition integrated Allston's trading technologies and talent into DV Group's operations across multiple global locations. In 2022, DV completed the acquisition and integration of the Allston Trading business, including its robust low latency systems and intuitive trading tools.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
DV Trading competitors and assessment
Company assessmentDirect peers
- Jump Trading: Jump Trading is a quantitative proprietary trading firm trading across futures, options, equities, FX, fixed income, and digital assets. It shares DV Trading's emphasis on low-latency technology, multi-asset market making, and significant cryptocurrency exposure through Jump Crypto.
- Citadel Securities: Citadel Securities is one of the world's largest market makers across equities, options, futures, FX, fixed income, and ETFs. It is a direct competitor to DV Trading in multi-asset liquidity provision and proprietary trading, with a similar global footprint and institutional counterparty base.
- Hudson River Trading: HRT is a quantitative proprietary trading firm applying algorithmic strategies across equities, futures, options, FX, and fixed income. It is comparable to DV Trading in its technology-first, multi-asset, market-making-plus-prop approach, though with a stronger quant orientation.
- Wolverine Trading: Wolverine Execution Services is a Chicago-based proprietary trading firm specializing in options market making, index trading, and ETFs. Like DV Trading, it operates multiple specialized trading desks with proprietary technology and competes directly in listed derivatives liquidity provision.
- Jane Street: Jane Street is a leading global proprietary trading firm that makes markets in equities, options, futures, FX, bonds, and cryptocurrencies. Like DV Trading, Jane Street combines market-making with proprietary trading across multiple asset classes using proprietary technology and quantitative strategies.
- DRW Trading: DRW is a Chicago-based diversified proprietary trading firm active across interest rates, commodities, equities, FX, and digital assets. It is one of the most directly comparable peers to DV Trading given the shared Chicago base, multi-asset scope, energy trading focus, and crypto exposure through Cumberland.
- Susquehanna International Group (SIG): SIG is a global proprietary trading firm trading options, equities, futures, FX, fixed income, and digital assets. Its multi-asset market-making and proprietary trading model, along with its investor-management extension (SIG Susquehanna), closely parallels DV Trading's four-division structure.
- Akuna Capital: Akuna Capital is a Chicago-based proprietary trading firm focused on options market making, futures, and digital assets. Like DV Trading, it was founded in the post-2008 wave of prop trading firms and competes in listed derivatives and crypto liquidity provision.
- IMC Financial Markets: IMC is a global market maker trading equities, options, futures, FX, and fixed income across major exchanges. It shares DV Trading's multi-asset market-making business model and global footprint across multiple financial centers.
- Optiver: Optiver is a global proprietary trading market maker in derivatives, equities, fixed income, and FX. It is a direct competitor in options and futures market making with proprietary technology infrastructure, comparable to DV Trading's options, futures, and commodities operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
DV Trading social profiles
Digital presenceDV Trading financial estimates
Financial estimateRevenue estimate
Valuation estimate
DV Trading leadership team
Management profileNumber of profiles
Profiles2 records
DV Trading subsidiaries and ownership
Company hierarchySubsidiaries6 records
DV Trading funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DV Trading M&A and investment
M&A and investmentM&A3 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DV Trading
What does DV Trading do?
DV Trading is a North American-based proprietary trading firm that deploys its own capital across global financial markets, trading futures, options, equities, foreign exchange, fixed income and cryptocurrency products. The firm operates four divisions — DV Trading (core proprietary trading), DV Commodities (crude oil, refined products, natural gas, power and emissions), DV Securities (fixed income financing to institutional counterparties), and DV Investment Management (proprietary strategies for qualified investors) — acting as both liquidity provider and taker to generate outsized returns.
Is DV Trading a public or private company?
DV Trading is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was DV Trading founded?
DV Trading was founded in 2006. It employs 251 to 500 people.
Where is DV Trading based?
DV Trading is headquartered in Chicago, United States, in the North America region.
How does DV Trading make money?
One revenue line is on record: proprietary Trading.
Who are DV Trading's main competitors?
Direct peers on record are Jump Trading, Citadel Securities, Hudson River Trading, Wolverine Trading, Jane Street, DRW Trading, Susquehanna International Group (SIG), Akuna Capital, IMC Financial Markets and Optiver.
Does DV Trading have an API?
No public API is recorded for DV Trading.
What industry is DV Trading in?
DV Trading's product category is Proprietary Trading. Its primary akta.pro industry code is FSAFAEAG, Single-Dealer Platforms (Multi-Asset), with a secondary code of FSAHAEAB, Managed Futures / CTA (Trend, Carry, Global Futures). Its NAICS code is 523 and its SIC code is 6221.