MichaelBuchbinder, the Managing Partner at the Swedish online broker Scandinavian CapitalMarkets, has launched a new proprietary trading firm, Tradiac, in partnershipwith an unnamed ‘exclusive hedge fund’. Tradiac said one of its major goals is toprovide redemption opportunities to remote traders to become successfultraders.
TradiacSeeks to Beat Status Quo
In astatement announcing its launch, Tradiac decried the industry practice in which manyremote traders are typically instantly disqualified due to strict riskmanagement rules. The platform believes this practice results in prematuretrade losses.
With supportfrom the hedge fund, Tradiac said it is “set to change the landscape of the proprietary trading industry” by offering redemption tests to these types oftraders. It noted that traders that pass the tests are then returned to theirprevious successful funding level.
Furthermore, the new company noted that it offers successful individual traders with access tolarger amounts of capital. The platform through its partnership with ScandinavianCapital Markets is also providing traders with access to the MetaTrader and cTrader tradingplatforms.
“Themost difficult part for individual traders is securing the capital needed totrade full-time,” said Buchbinder. “At Tradiac, we aim to remove thishurdle, giving our traders the opportunity to maximize their potential.”
Buchbinderbrings over 16 years of FX and trading industry experience to the new venture.However, with the contribution of partners at the hedge fund, Tradiac hopes to utilise more than 75 years ofcombined industry experience from all of its executives.
GCEXLaunches Prop Trading Platforms
Meanwhile, the digital prime broker GCEX recently expanded into the proprietary tradingindustry with the launch of twoplatformsXplorSpot and XplorTrader. Both platforms are part of the company’sXplorDigital trading solutions targeted at brokers, fund managers,hedge funds and professional traders. While XplorSpot is designed for crypto trading among institutional clients, XplorTrader works for margin forex and contracts fordifference trading.
In arelated industry development, proprietary trading executives across the worldexpect interest rate derivatives to be the mostprofitable of all asset classes for proprietary trading companies in 2023. They alsosee great potential in equity options trading.
Options’ Paris office; BidX’s new Liquidity Manager; read today’s news nuggets.
MichaelBuchbinder, the Managing Partner at the Swedish online broker Scandinavian CapitalMarkets, has launched a new proprietary trading firm, Tradiac, in partnershipwith an unnamed ‘exclusive hedge fund’. Tradiac said one of its major goals is toprovide redemption opportunities to remote traders to become successfultraders.
TradiacSeeks to Beat Status Quo
In astatement announcing its launch, Tradiac decried the industry practice in which manyremote traders are typically instantly disqualified due to strict riskmanagement rules. The platform believes this practice results in prematuretrade losses.
With supportfrom the hedge fund, Tradiac said it is “set to change the landscape of the proprietary trading industry” by offering redemption tests to these types oftraders. It noted that traders that pass the tests are then returned to theirprevious successful funding level.
Furthermore, the new company noted that it offers successful individual traders with access tolarger amounts of capital. The platform through its partnership with ScandinavianCapital Markets is also providing traders with access to the MetaTrader and cTrader tradingplatforms.
“Themost difficult part for individual traders is securing the capital needed totrade full-time,” said Buchbinder. “At Tradiac, we aim to remove thishurdle, giving our traders the opportunity to maximize their potential.”
Buchbinderbrings over 16 years of FX and trading industry experience to the new venture.However, with the contribution of partners at the hedge fund, Tradiac hopes to utilise more than 75 years ofcombined industry experience from all of its executives.
GCEXLaunches Prop Trading Platforms
Meanwhile, the digital prime broker GCEX recently expanded into the proprietary tradingindustry with the launch of twoplatformsXplorSpot and XplorTrader. Both platforms are part of the company’sXplorDigital trading solutions targeted at brokers, fund managers,hedge funds and professional traders. While XplorSpot is designed for crypto trading among institutional clients, XplorTrader works for margin forex and contracts fordifference trading.
In arelated industry development, proprietary trading executives across the worldexpect interest rate derivatives to be the mostprofitable of all asset classes for proprietary trading companies in 2023. They alsosee great potential in equity options trading.
Options’ Paris office; BidX’s new Liquidity Manager; read today’s news nuggets.
