The proprietary trading firm is using the system for simulated and live-trading environments.
A futures proprietary trading firm, Take Profit Trader (TPT), recently deployed a trade surveillance solution, the Eventus Validus platform, for simulated and live-trading environments, say officials at Eventus, a provider of trade surveillance and financial risk solutions.
“Take Profit Trader has deployed Validus across its entire trading ecosystem, ensuring every stage of the trader journey, from evaluation to funded accounts to live-market trading, operates under institutional-grade surveillance standards,” officials say.
“We need full visibility into what our traders are doing, not only in the context of their own trading, but also how they’re behaving with other traders and the market itself,” says James Sixsmith, CEO of Take Profit Trader, in a prepared statement. “The Validus coverage enables us to detect anomalies, unusual patterns, inappropriate behaviors such as wash trading and attempts at market manipulation, and much more.”
TPT “provides traders with a structured path to become funded traders through its evaluation program,” officials say. It offers a path to live-market trading, trader-first policies, and a payout model “that allows funded traders to withdraw profits daily in PRO accounts. Take Profit Trader serves retail futures traders globally, many of whom trade alongside full-time careers while working toward building consistent trading income.”
The Validus platform operates across equities, options, futures, foreign exchange (FX), fixed income, digital assets, and prediction/information markets, officials say.
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