Creating an app for trading strategy

T

Tou

I wanted to start this thread to hear different input regarding creating an app for trading strategy.

Idea is if I have a systematic trading strategy based on a couple of very liquid and popular indexes and I want to create an app so that people can put in their few 100 dollars to create a giant pool and the app then trades at certain times of the day and has a stop loss etc.

What kind of regulations do I face regarding asking people for participation in the app and me collecting certain little penny from each trade.
 
You dont face any regulations. But small retail traders think anything over $1 is too much

. I'll write and sell you the app you describe for $3000 and then you can sell it to others at any price you want :D
 
2rosy said:
You dont face any regulations. But small retail traders think anything over $1 is too much

. I'll write and sell you the app you describe for $3000 and then you can sell it to others at any price you want :D
More...

You sure about that? If you trade OPM over a certain limit in the US you need to pass the various Finra tests, register etc
 
stevegee58 said:
You sure about that? If you trade OPM over a certain limit in the US you need to pass the various Finra tests, register etc
More...
Oh i didn't read the post correctly. I thought he wanted to creat am app and sell it for 100 bucks.

Yes you need to register as a cta/cpo i think
 
that guy with motif (hardeep) talking recently about creating a smartphone/tablet app that allows you to create a motif...say short biotechs of your choice. Allow anyone to invest in your motif and scale in or out quickly and daily. minimum invest I think is $100
 
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