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Prop trading firms

Prop firm technology that catches a breach as it happens, and can prove it later

Evaluation dashboards for your traders, rule monitoring on tick data for your risk team, and payout workflows with the evidence attached. Built around the platform you already run, so a change of platform does not mean starting again.

Book a 30-minute callHow it works
risk.yourpropfirm.com/evaluationsLiveEvaluationsRule engine liveSearch accountPhase 1Active evaluations4,812Near a limit37Closed today12Payouts pending9ACCOUNTTRADEREQUITYDAILY LOSSDRAWDOWNSTATUS10518J. Okafor£101,24018%12%OK10482M. Rossi£89,99671%100%Breached10477A. Chen£95,31064%47%Near limit10466S. Patel£104,8805%0%OK10451L. Novak£98,12038%19%OK10439R. Haddad£92,45081%76%Near limit10431E. Walsh£102,0609%0%OK10425K. Ito£99,41022%6%OKBreach evidence10482RuleMax drawdown 10%, staticVersionv3, effective 1 OctBreached at14:02:17.413 UTCEquity£89,996.40Floor£90,000.00Trigger tickEURUSD bid 1.08612floor £90,000Payout queue09211£3,240Rules checked08877£1,180Rules checked09040£5,620Needs review

Illustrative screen built on synthetic data

Who it is for

Built for prop trading firms

Evaluation firms at volume

Firms where rule logic, dashboards and payouts have to agree with each other, and with the trading platform, thousands of times a day.

Firms changing platform

Firms migrating between platforms, or running two at once, who need their own rule engine and records rather than the vendor's.

Firms launching

New firms that need the trader dashboard, the risk view and the payout process ready before the first evaluation is sold.

What you get

Features for both sides of the screen

01

For your traders

  • Evaluation dashboardProfit target, daily loss, maximum drawdown and trading days, each shown with the rule version and the number that counts.
  • Warnings before a breachAlerts as an account approaches a limit, so no trader is surprised by a closure.
  • Trading journalEvery trade with entry, exit, holding time and the rule state at the moment it was placed.
  • Payout statusWhere a payout request is, what was checked and when it will be paid.

02

For your risk and operations team

  • Rule engine on tick dataDrawdown and daily loss evaluated on every price change, including open positions, not on closed bars.
  • Breach evidenceFor every closed account: the rule, its version, the tick that triggered it and the equity at that moment.
  • Payout review queueRequests checked against the rules automatically, with the exceptions routed to a person.
  • Records you keepRules, results and evidence stored on your side, so they survive a change of platform.

How evaluations work

The business model your software has to support

Most firms run a version of the same three-step model. Each step ends in money changing hands, so each has to be precise.
  1. 1

    Traders buy an evaluation

    A trader pays for an account with a profit target and loss limits, usually in a simulated environment.

  2. 2

    Rules are enforced as they trade

    Daily loss, maximum drawdown, minimum trading days and any product rules are checked continuously.

  3. 3

    Successful traders are paid

    Traders who pass move to a funded stage and receive a share of profits, subject to the payout rules.

Rule logic, in plain English

Ways to measure drawdown, and why it matters which one you use

Disputes usually start with a rule the trader understood differently. Your dashboard should show each rule exactly as the engine applies it.
Static drawdown
The limit is fixed from the starting balance. A £100,000 account with a 10% limit closes if equity falls below £90,000, whatever happened before.
Trailing, real time
The limit follows the highest equity reached, including unrealised profit, tick by tick. A trader who was £4,000 up on an open position has a higher floor than one who closed flat.
Trailing, end of day
The limit is recalculated once a day from the closing balance or equity, so intraday swings do not move it.
Daily loss limit
A cap on one day's loss, measured from a reset time you choose. The reset time has to match in the engine, the dashboard and your terms.

Why AlchmAI

Why trading firms choose a specialist

Tick-level accuracy

Rules checked on every price, not every bar.

Evidence on file

Every closure and payout has its record.

Your rules, your code

The engine is yours, not the platform's.

Ready to migrate

Records and dashboards survive a platform change.

Plain-English rules

Dashboards show rules as the engine applies them.

Front-office engineers

The team behind six bank trading apps.

Selected work, uk investment bank, markets division

Six front-office trade capture and pricing applications on one configuration-driven ticket library

A prop firm dashboard, a broker's order ticket and an RFQ blotter are the same problem: fast, validated input that stays in sync with everything else. We have built it where the stakes were highest.

Read the case

6

applications on one shared ticket library

0

code changes to onboard a new product or field

15+

engineers working to the standards set at inception

How we engage

It starts with a two-week Platform Review

Every engagement starts with a two-week Platform Review. We take read-only access to your charts, data feeds and any AI feature, test them against what your clients actually see, and hand you a findings report, a costed plan and, where it helps, a working prototype. Fixed price, agreed before we start, and credited in full against a build that begins within 60 days. The report is yours whichever way you go.

  1. 1. Weeks 1 to 2

    Platform Review

    Read-only access. Findings report, costed plan and a prototype where it helps. You sign off the baseline we will measure against.

  2. 2. Weeks 3 to 8

    Build, in fortnightly releases

    Working software every two weeks on an environment you can use. Any AI wording is agreed with your compliance lead before a client sees it.

  3. 3. Go-live

    Evidenced release

    A runbook, an evidence file your compliance lead can read in one sitting, and an off switch for every AI feature.

  4. 4. Day 90

    Results check

    What changed, measured against the baseline you signed at the review.

Questions

Prop trading firms: common questions

Can you work with the trading platform we already use?

Usually, through whatever the platform exposes: its APIs, a reporting feed or a database replica. Where a licence restricts access, we design around it, and we confirm what is possible in the Platform Review before you commit.

Do you build the trading platform itself?

We build the layer around it: dashboards, rule engine, payout workflow and integrations, plus trading front ends where you want your own. We do not license a trading platform.

How do you make our drawdown numbers match the platform's?

We replay a sample of real account histories through the engine and compare every breach with the platform's record before go-live. Differences are explained or fixed, not ignored.

Can traders see why an account was closed?

Yes. The dashboard shows the rule, its version, the time and the equity at the breach, and your support team sees the same record.

Do you advise on how prop firms are regulated?

No. We are a technology company. Your legal and compliance advisers decide how your model is structured; we build software that does what they decide and keeps the records they need.

Related

Often built alongside

FIX and broker API integration

Order entry, market data and drop copy over FIX, plus REST and WebSocket broker APIs.

Learn more

Market data infrastructure

Feed handling, tick storage, aggregation, replay and distribution, monitored end to end.

Learn more

AI agents for trading teams

Narrow agents with fixed tools, limits, approval queues and a kill switch.

Learn more

Bring us your rulebook and one disputed account.

In 30 minutes we can usually tell you whether your rule engine, your dashboard and your terms say the same thing.

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