% of Automated trading in a "scalping" time frame???

Discussion in 'Prop Firms' started by jojo45688, Jan 12, 2007.

  1. To those of you that feel you've got a good feel for the futures proprietary trading industry, my question is this...

    What percentage of shops/outfits/firms/groups "scalping" the deeper futures markets (or any futures markets) are strictly automated, or moving towards strictly automated trading?

    By "scalping", I am referring to a 1 or 2 tick profit target and no more than a 1 or 2 tick loss. Obviously the designated market makers in the futures markets are doing all automation, but how many of these prop futures firms or small groups are doing this?

    My guess is somewhere around 70% ???