The costs associated with accessing real-time or historical market data, required for trading futures.
Futures traders must pay for real-time data to execute trades efficiently. Some prop firms include data fees in their pricing, while others require separate payments.
A trader pays $15 per month for CME data to trade E-mini futures. Without this subscription, they would only have access to delayed quotes, making trading nearly impossible.
A financial instrument is the entity being bought and sold while trading.
A firm that provides traders with capital to trade financial instruments, such as futures. Traders retain a percentage of the profits they generate, while the firm assumes the risk.
The specific account or evaluation package offered by the prop firm. Plans vary in account size, evaluation difficulty, profit targets, and rules.
A smaller-sized futures contract (e.g., 1/10th the size of a standard contract), which allows for more flexible risk management.
The standard-sized futures contract traded in the market.