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Funded Trader platforms

  #71 (permalink)
 
wldman's Avatar
 wldman 
Chicago Illinois USA
Legendary Market Wizard
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,534 since Aug 2011
Thanks Given: 2,069
Thanks Received: 9,556


josh View Post
It's well known and even advertised that it's all about the order flow data. Top Step even says something like "your trades inform our trades." The entire business model depends on that.

When performance/XFA/paid accounts are aggregate anything other than delta neutral, they must go with that flow (using hopefully a reasonably sophisticated algorithm) in order to properly pay out winners.

It's a brilliant business model. Customers pay the firm, the firm sees the flow, and the best customer performers are rewarded for it. They get real time flow and they know the performance record of every trader with those orders. Simply brilliant, more power to them.

Danny is a good guy and I don't doubt the business plan...but that is not what I meant. What you described would be the tip of the iceberg.

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