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I do not think so. True prop, in my opinion, have the CME 106.J. Equity Membership. This allows the props to have low clearing rates for execution via the CME and allows them to extend these rates to you a trader.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Prop trading simply means taking a directional (non-hedging) position in the market.
Sometimes people think it ONLY means you work for a prop firm i.e. a firm (bank or trading company) that trade with a direct view on a particular market.
I trade from home and take prop positions on different markets eg. gold/oil/es. I trade with my own capital.
A trader working on a bank prop desk will also take prop (directional) trades on the market. However he is using the banks funds and not his own. This differs from other bank traders such as market makers whose job is to quote prices on markets all day long.
Anything that says CME is typically futures. Essentially, prop firms who do large volumes have an exchange membership that allows them to have lower exchange fees for their members. In order to extend these privileges to their members who may bring their own capital, they are required to have a membership.
The prop firms that extend these privileges typically look for real-time track records, because they must by law also participate in the customer's losses. I do not know any firm with a structure above that take traders with hypothetical results. This is the biggest myth about prop trading.
Thanks,
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
