From prop shops to MM?

I've been trading for several years, started from stocks and last 3 years with stock options and future options.

I always had a dream to work as market maker and at least have a practice in such company who MM some option markets, but i live outside US and its very difficult to obtain such a job.

So, i started to learn options trading and lasts two years I do about 4k per month on my 100k IB account, in percentage it a decent profitability but almost all goes for a living, and i'm not sure that it helps me with retail statement to apply for a job as MM or a trader in a big prop or a fund.

I thought that small prop shops could be my opportunity to be properly funded and have a statement from a company which is more respectful to go further.

I did some research and what I have found:

1. Simulators (TST, OneUp, Apex, FTMO and a lot of others). Several years ago i was funded by TST and OneUp, but big comissions and very strict rules do their job and i quit, i thought it was issue with my trading but after several years i know that trading at these companies like running uphill but with barriers. Even usual 95% loser traders become 99,8% in these companies, and I understand now why theirs amount so huge nowadays. And recently i discovered some numbers about how funded traders earn and it was a joke, less than 1000 per year. So, it just a game, but can teach you some discipline.

2. Small props with education (you should pay for education, deposit some money and pay monthly subscription)
a. Maverick (I found that you should pay about $7000 for education, deposited $5000 and pay about $200 monthly for a platform). Its my candidate no.1 but dont like price for education, maybe it can be waived or halfed, i've studied a lot during my options education and i have a working strategy, so it doesnt make sense for me to pay a lot for it.
b. Alkaline (very few info, but at least i didnt find any info about $ for education, will be glad for more info)
c. SMB (about 10 years ago i dreamed to work there and even collect $5k for education, but had an issue with visa and later personal reasons, but recently i found from guy who worked there few years ago that best days of them are gone and they can offer just an outdated education and best traders left and work alone, also pete from neighboring topic approve my thoughts)

3. Decent props/MMs
Janestreet, Optiver, FlowTraders
All of them large companies who are liqudity providers and market makers, it would be great to work there as a trader, but they wanted at least 3 years of market-makers and I have a very few ideas how to obtain it.

So, my question is does it make sense to start with a small props to have statement from them that can be my pass to a larger firms? Or please share you thoughts about other ways.

Thanks

 

Network with SIG, Jane, Optiver, and others. If you're legit and can talk shop, they'll respect you and help you coordinate for some summer role.

 

%%
Mr V\
FORGET\
your older post
PE\even though lower PE tends to go\
\lower LOL\
[V] VIRT was strangely noted in IBD year$ ago\
dont know about them/
but interesting holders\
[v]Vanguard\
FMR LLc\
Shaw DE& co INC/
Prudential/
State Street/ Corp /
Market Makers Edge book /by Joshua Lukeman helps alot/, more than anything i read today\ except weekly charts

 

I can't do any recommendations regarding real prop firms since i have no real life experience with them, but Topstep recently changed their rules making their offering much more interesting.

However still not really comparable to a real prop firm.

 

Amsterdam and Frankfurt are possible choices if you are outside of the US. Get the exchange annual report and you see a list of member firms. Most size EU and Asian banks have dealing desks as well. Then reach out to them and good luck.

 

Do these firms still utilize human input for MM? I thought they're all automated by AI these days.

 

you sill need humans to design the Trading strategy !

 

Borrow another 400K and scale to make 20k per month. Problem solved.
Answer to no one

 

Since you are outside USA have you tried ASIA like in Singapore? Australia you claim you make 48% PA return and have broker statements to prove! then 1) try small props outside USA and EU 2) In USA see if Bright trading or T3 as remote ? 3) tray one of the Tets fee firms that allows your kind of trading with TRUE funded account that is if you believe these businesses really wil fund you

 

Sounds like you’re ready to start selling courses.