Any broker/platform offers auto-liquidate RM feature (like Rithmic)?

Discussion in 'Risk Management' started by newwer, Aug 14, 2019.

  1. newwer

    newwer

    Which broker has best risk management features? I'm currently with IB which allows me to limit size for my traders but not max loss per day. I know Rithmic has auto-liquidate feature but its at the broker level and there is a fee each time its activated. Any other alternatives? How do daytrading prop firms limit risk?
     
  2. MattZ

    MattZ Sponsor

    Let's try and find an FCM that may not have this charge, or if you trade frequently we can cover that.
     
  3. If you manage traders who trade futures you need TT - Trading Technologies. There is 0 reason to do this on IB
     
  4. patrickrooney

    patrickrooney Sponsor

    MattZ likes this.
  5. They

    They

  6. MattZ

    MattZ Sponsor

  7. patrickrooney

    patrickrooney Sponsor

    The admin sets this so the FCM. We're looking at allowing the end-user, customer/trader, set this as well. The trader could then set a finer auto-liquidate level than their admin may have applied. This work hasn't been completed and I don't have a timeline.ur

    I love this feature, BTW.
     
    MattZ likes this.
  8. MattZ

    MattZ Sponsor

    If this is set by the trader, this may bring you many users.
     
  9. I know Phillip Capital is an FCM that works closely with TT and other platforms that have the autoliquidate function
     
  10. MattZ

    MattZ Sponsor

    If TT has this functionality all FCM that work with TT could enable it. AMP, ADM, Wedbush, etc.
    You just have to ask the risk guys to enable it
     
    #10     Aug 15, 2019
    Craig Trader likes this.