Bright & T3 for overnight pairs?

L

londonkid

Hey Traders

Happy New Year to you and yours.

I am looking for a prop firm that will give me reasonable leverage for pair trading. Overnights is a must as will hold up to 10 days. In addition I am based in the UK so that would need to be acceptable to the prop firm.

From previous posts I am guessing Bright & T3 are the way forward here?

Anyone got any suggestions of other firms before I contact the above firms.

Thanks

Good Trading
 
londonkid,

I had a discussion with T3 about this very topic last week. Perhaps we could speak in a different setting and compare notes.
 
Quote from oversea:

londonkid,

I had a discussion with T3 about this very topic last week. Perhaps we could speak in a different setting and compare notes.
More...

sure. shoot me a pm.
 
londonkid said:
I am looking for a prop firm that will give me reasonable leverage for pair trading. Overnights is a must as will hold up to 10 days. In addition I am based in the UK so that would need to be acceptable to the prop firm.
More...
Shouldn't you be asking if these firms have a trading platform that properly supports pairs trading strategies and execution ?
 
I've looked into this with both firms. They both allow 10:1 overnight for pairs. Bright will let you keep 100% of the profits. T3 will want a percentage of your profits, possibly 30% or so, but that is negotiable. However, T3 has a much superior pairs trading software called Iris. It's pretty new and only a handful of brokers provide this software.
 
jheacock said:
However, T3 has a much superior pairs trading software called Iris. It's pretty new and only a handful of brokers provide this software.
More...
Interesting. I was on the T3 website and could hardly find anything technical about their trading platforms. They also purport to have a programmable API for auto or systematic trading.
I guess one must join the firm before they disclose this information.
 
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