Tradovate Technologies offers a comprehensive solution tailored for proprietary trading firms, providing essential tools to efficiently manage traders and monitor risk. The Prop Firm solution enables firms to establish master accounts, define unique risk parameters, and oversee all trading activities through the Tradovate Risk Manager software.
Key Features and Functionality:
- Master Account Controls: Provides a detailed overview of all trader sub-accounts, facilitating centralized management.
- Comprehensive Risk Monitoring: Offers real-time risk assessment for both master and sub-accounts, ensuring adherence to predefined risk parameters.
- Advanced Risk Rule Configuration: Allows firms to set specific risk rules for each sub-account, including daily and weekly loss limits, maximum position sizes, trailing drawdowns, time-of-day restrictions, and permitted contracts to trade.
- Fund Allocation: Enables the distribution of funds or margin to traders and sub-accounts directly from the master account.
- Real-Time Performance Dashboard: Provides immediate insights into trading performance, aiding in swift decision-making.
- Daily Activity Reports: Generates daily CSV fill files that can be exported for in-depth analysis of trader activity.
Primary Value and User Solutions:
Tradovate Technologies' Prop Firm solution addresses the critical needs of proprietary trading firms by offering a robust infrastructure for trader management and risk oversight. By centralizing control and providing customizable risk parameters, firms can ensure compliance with internal policies and regulatory standards. The real-time monitoring and reporting capabilities enhance operational efficiency, enabling firms to make informed decisions promptly. This comprehensive approach not only mitigates potential risks but also fosters a more structured and scalable trading environment.