Bright & T3 for overnight pairs?

Hey Traders

Happy New Year to you and yours.

I am looking for a prop firm that will give me reasonable leverage for pair trading. Overnights is a must as will hold up to 10 days. In addition I am based in the UK so that would need to be acceptable to the prop firm.

From previous posts I am guessing Bright & T3 are the way forward here?

Anyone got any suggestions of other firms before I contact the above firms.

Thanks

Good Trading

 

Only bright and T3 then?

 

londonkid,

I had a discussion with T3 about this very topic last week. Perhaps we could speak in a different setting and compare notes.

 

sure. shoot me a pm.

 

Shouldn't you be asking if these firms have a trading platform that properly supports pairs trading strategies and execution ?

 

No I shouldn't because I already have that information.

 

Thanks for so generously sharing that with us.

 

You are welcome.

 

I've looked into this with both firms. They both allow 10:1 overnight for pairs. Bright will let you keep 100% of the profits. T3 will want a percentage of your profits, possibly 30% or so, but that is negotiable. However, T3 has a much superior pairs trading software called Iris. It's pretty new and only a handful of brokers provide this software.

 

Interesting. I was on the T3 website and could hardly find anything technical about their trading platforms. They also purport to have a programmable API for auto or systematic trading.
I guess one must join the firm before they disclose this information.