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  #1 (permalink)
 calhawk01 
baltimore marylnd
 
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Anyone know any prop shops out there that offer connectivity through NT? my search is leading to me believe there are NONE

how can that be? every future broker offers NT; what makes stocks so special?


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  #2 (permalink)
 
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 xiaosi 
Brisbane, Queensland, Australia
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calhawk01 View Post
Anyone know any prop shops out there that offer connectivity through NT? my search is leading to me believe there are NONE

how can that be? every future broker offers NT; what makes stocks so special?

Not sure what you are looking for Calhawk? Prop Shops offering connectivity for equities through NT? You looking for data on equities?


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  #3 (permalink)
 artemiso 
New York, NY
 
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Do I understand correctly from this...


Quoting 
how can that be? every future broker offers NT; what makes stocks so special?

... that you're looking for a trading arcade that will clear your stock trades? The problem is that the APIs that NT works with are mostly written for futures markets, with exception of a few, e.g. IB TWS. This leaves very few trading arcades that will offer NT.

P.S.: I always make it a point to clarify that 'prop shop' =/= 'trading arcade'. And also, there are prop shops and trading arcades that will clear your trades in futures markets, so there's no distinction between participation in equities and futures by mention of 'prop shop'. Most legitimate prop shops do not use external software in their OMS/EMS stack.


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  #4 (permalink)
 calhawk01 
baltimore marylnd
 
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artemiso View Post
Do I understand correctly from this...



... that you're looking for a trading arcade that will clear your stock trades? The problem is that the APIs that NT works with are mostly written for futures markets, with exception of a few, e.g. IB TWS. This leaves very few trading arcades that will offer NT.

P.S.: I always make it a point to clarify that 'prop shop' =/= 'trading arcade'. And also, there are prop shops and trading arcades that will clear your trades in futures markets, so there's no distinction between participation in equities and futures by mention of 'prop shop'. Most legitimate prop shops do not use external software in their OMS/EMS stack.

Xiaosi-I'm looking for prop shops that I can trade equities using NY

Art- you answered my question. You know that's super unfortunate... I suppose I would have to convert all my systems to .. Yet another softwares language


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  #5 (permalink)
TheDude
london
 
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Because its a retail toy, not a serious, professional standard piece of software.

Do they offer 24x7 support?

Do they provide exchange gateways, OMS, EMS? No - they rely on other peoples.

Its a bit like asking why the air force fly jet fighters and not bi-planes. I mean they both fly. Right?

Would put an order for millions of dollars of assets, or trust/base your livelihood on something that cost $50? Please!


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  #6 (permalink)
 
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 xiaosi 
Brisbane, Queensland, Australia
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How much capital would it take to open a Prop Trading Firm? Aside from any regulatory costs which may be country specific...

So you'd need some office furniture and hardware - 100k
A rental contract - 50k
Recruitment - 20K
A few months worth of expenses - 20k
Trading capital - 100k per trader

Obviously a business plan would be needed but i am interested in any thoughts here from those with experience or ideas?


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  #7 (permalink)
 
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 kkfx 
Mumbai, India
 
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xiaosi View Post
How much capital would it take to open a Prop Trading Firm? Aside from any regulatory costs which may be country specific...

So you'd need some office furniture and hardware - 100k
A rental contract - 50k
Recruitment - 20K
A few months worth of expenses - 20k
Trading capital - 100k per trader

Obviously a business plan would be needed but i am interested in any thoughts here from those with experience or ideas?

Check here, one can start with 10k USD .....this company have already many branches in China....you might already know it..just mentioning here


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  #8 (permalink)
 
xiaosi's Avatar
 xiaosi 
Brisbane, Queensland, Australia
Market Wizard
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
Posts: 500 since Feb 2012
Thanks Given: 448
Thanks Received: 536


indiantrader View Post
Check here, one can start with 10k USD .....this company have already many branches in China....you might already know it..just mentioning here

Thanks mate. I've seen these before and don't have a good feeling about them. Everything looks a bit " over cooked" if you know what I mean.

Nonetheless, thank you for responding!


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