Takion Vs. Fusion

[entropytrading]

I assume most equity traders that choose to trade with a prop firm, do that for their leverage on small accounts, not the software.

I do so for the low commission (but with a portion of PL taken), as my strategy bases on scalping/rebates. You think there are any DMA brokers able to offer $0.0002/share?

 

[GSXRIntensity]

"Better" is not really something we can all decide for others. The platfrom needs to meet your needs. I have never use either. Our Lightspeed Trader software is very popular among equity day traders. Give the demo a try.
https://www.lightspeed.com/trading-platforms/lightspeed-trader/platform-features/
For active options trader, I'd also look at Sterling Trader Pro
https://www.lightspeed.com/demo-request/

Bob

Hi Robert, thanks for the reply. I am actually familiar with Lightspeed already. The traders at my firm either use Takion or Lightspeed. However, I know of another Prop that uses Fusion and I am interested in how it works.

 

[GSXRIntensity]

Wilt are you talking about demo oraz real accounts?
Never happen sonething like that on real. On demo -sure. Where you place there you get filled.


Robert - I know that all trader get different needs. But I guess he is trading with WTS because it is their platform. Like Prosper pro im Swift trade/dtw. I used all of them , so knew the difference.

For years with Sterling. Like it but there is tons of functions that should be added.

I am not with WTS. I am at a different Prop. But thanks for letting me know your thoughts about Sterling.

 

[Robert Morse]

I do so for the low commission (but with a portion of PL taken), as my strategy bases on scalping/rebates. You think there are any DMA brokers able to offer $0.0002/share?

No, no retail or institutional broker is going to offer you 2 mils unless you are a BD and offering a ton of volume. Just curious, what % of your Profits do they take? Do they have other costs that you would not have to pay with a customer account that are material?

 

[Robert Morse]

Hi Robert, thanks for the reply. I am actually familiar with Lightspeed already. The traders at my firm either use Takion or Lightspeed. However, I know of another Prop that uses Fusion and I am interested in how it works.

Try contacting Sterling Tech-https://www.sterlingtradingtech.com/products-and-services/platforms/stt-fusion/
I don't think they have a free demo.

 

[entropytrading]

No, no retail or institutional broker is going to offer you 2 mils unless you are a BD and offering a ton of volume. Just curious, what % of your Profits do they take? Do they have other costs that you would not have to pay with a customer account that are material?

if i get a DMA broker to offer 0.0003/share, i will open an account with half mil and promise at least 80k shares traded a day. no other costs at a prop shop besides standard software charge and a 10-20% split.

lightspeēd chares $1/1000 at its lowest tier, which is too high for scalping

 

[Robert Morse]

if i get a DMA broker to offer 0.0003/share, i will open an account with half mil and promise at least 80k shares traded a day. no other costs at a prop shop besides standard software charge and a 10-20% split.

lightspeēd chares $1/1000 at its lowest tier, which is too high for scalping

I'm not trying to get you to switch. I understand why you want that rate. Now I would like to show you why no broker will offer you that. 80K per day is around 1.7mm per month*.0003=$510 in gross revenues per month before all costs of doing business including variable costs like clearing/execution and then the cost of service, support and compliance. This is why prop firms have been disappearing for 10 years, unless they have a second revenue source. Those sources of revenue are typically desk fees, eduction and chat rooms. I'd be surprised in 2020 if there are more than 2 to 3 JBO equity prop firms left in the US.

 

[entropytrading]

then a PL split model makes more sense to me, as paying out $1000 commission to a broker regardless of my PL sounds like a fixed deadweight cost

 

[arna]

It was on a real account, probably got burned by it at least 5-10 times. I learned to not let that dialog box be up when I'm close to a fill.

So when you place an order you get double fill? Or you try to sell long position and when placing order nothing happen?
In some prop on stocks with SSR they allow to close long position only on uptick.