Are there any US regulations that prevent paid trading rooms from publishing actual trades in real time ?
I only mention this because the rooms that I have tried don't really show their actual trades. In other words, they don't show their position on the screen.
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Nope, nothing that would prevent showing past performance or live trades.
The only regulation would be NFA wanting you to be able to prove what you are saying, if you are a member. Then standard CFTC regulation that prohibits you from making future or unsubstantiated claims. Whether you do it in sim or cash makes no difference in the law, only in how you represent it.
This is all to the best of my knowledge. I am thinking perhaps @FuturesTrader71 knows more in this area from that side of the business.
You are spot on. There are no regulations against posting live trades or showing past performance. The requirement for NFA members (brokers, funds, clearing firms, pools, dealers) is that they cite all of the required risk disclosures including the risk of trading futures, the risk of using past performance and the risk of hypothetical results. In either case, they all have to be able to substantiate their claims on demand.
CFTC rules apply to everyone and they also don't prohibit the posting of live trades or results. Many educators and gurus have posted supposed live results that turned out to be false and had to face federal prosecutors. Everyone must simply post the truth.
This is a tricky subject in that we always have to ask ourselves "why" someone is posting live results. What is the benefit to them? Are these results complete or are they cherry-picked (only posting winners and not losers)? Are the live results posted from one account while the poster is hedging with another live account? Things like that.
TLDR: No, there are no regulations against posting live results except that they must be truthful and complete
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Frankly, I don't see value in that. I would see more value in how the followers do. I know so many guys who can make money trading but horrible at teaching. Making money is not the same as backing someone else to make money.
But I get your point. At least it provides "something" as a measuring point.
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If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Just retired from 30 years in the industry. I believe the only thing holding them back is bad trades. There are no "after trade" reporting restrictions or making info public. Prior to trade could be looked at as "herding" people into a trade for price manipulation but they can post any info after the trade as long as it's accurate and factual.
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