Are There Any Prop Firms/Funded Trader Programs For Options Traders?

[spriteork]

Generally prop firms wouldn’t consider someone joining that wanted to trade on markets or exchanges they weren’t already familiar with. The turnover of people coming in to prop firms with grand ideas that don’t end up making money means it’s just not worth their time and effort getting access to various new exchanges, the risk of trading a market they aren’t familiar with etc.

If however you approach them with a successful track record trading a new market and offer to fund the initial risk and setup they will welcome you with open arms as it’s a new way for them to diversify. But I think you would need to have shown in excess of $200k in profits a year for someone to take you on trading a new market.

But if you were looking to join a firm trading traditional markets that’s very different. Entry requirements much lower.

Hmm, $200k annual profits already on own capital
a little big goal before start in prop. firm.

 

[tommo]

Hmm, $200k annual profits already on own capital
a little big goal before start in prop. firm.

Yeah, that’s only if you were going there asking for backing in a market they have no experience in and would be taking a risk on you.

If you want to trade a CME or Eurex product they will take you on based on you showing you don’t lose money and can put 10-20k up front. Or if going as a trainee you wouldn’t even need to be profitable. Just prove you’re worth them taking a chance on you

 

[spriteork]

I think the biggest props like Jump Trading, Optiver or Citadel Capital
can have access to almost all exchanges in the world,
but probably their appetites are much higher than 200k from trader
(in my humble opinion)

 

[tommo]

I think the biggest props like Jump Trading, Optiver or Citadel Capital
can have access to almost all exchanges in the world,
but probably their appetites are much higher than 200k from trader
(in my humble opinion)

Yes totally. If you’re talking about those huge firms then you would need to be making millions already if you wanted them to access new exchanges for you. And also with firms that large they have outside shareholders and are mandated to only trade certain strategies in certain markets etc. In short, the odds of approaching Jump and asking them to back you trading an unconventional strategy are slim to none.

 

[spriteork]

Yes totally. If you’re talking about those huge firms then you would need to be making millions already if you wanted them to access new exchanges for you. And also with firms that large they have outside shareholders and are mandated to only trade certain strategies in certain markets etc. In short, the odds of approaching Jump and asking them to back you trading an unconventional strategy are slim to none.

I think they have access to all exchanges I need.
But yes, my small strategy, even if it slightly like their approaches,
probably not worth extra discussions and approvals between a bunch of shareholders
and departments.