What technology does a prop firm need?
Quick answer
A prop firm needs a trading terminal for traders, a back office to create and manage accounts, a rule engine that enforces limits in real time, a price feed, a trader dashboard, a website with checkout, a payment provider, KYC for payouts and a support tool. Most firms license the trading parts rather than build them.
Detailed answer
The stack in two halves:
Trading side (usually licensed):
- Terminal where traders place orders and see charts.
- Simulated execution against a live price feed.
- Rule engine for loss limits, targets and behaviour rules.
- Admin panel to create accounts, assign traders and rotate credentials.
- Trader dashboard with progress and limits.
- API to connect everything else.
Business side (assembled from tools):
- Website and checkout.
- Payment processor and payout method.
- KYC provider.
- Help desk and email.
- Optional CRM and affiliate tracking.
PropExecutor covers the trading side as one product: terminal, execution simulator, rule engine, admin panel, a dashboard inside every account, and the API, from $129 paid once.
Where firms overspend
The most common overspend is building or buying a separate trader portal and risk tool when the trading platform could include them. Check what the platform covers before adding tools around it.
PropExecutor team · Updated
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