Tooling and execution
Tick scalping
Taking positions for a handful of ticks at a time, often held for seconds. Where the profit comes from a pricing lag rather than a market view, firms treat it as exploiting the environment.
GFN’s figure
GFN's 2 minutes minimum hold applies to every trade on every programme, in both the evaluation and funded stages - which makes tick-level holding periods impossible by design.
In detail
Tick scalping,explained
Legitimate very short-term trading and tick scalping that targets a feed delay can look similar in a statement and are judged differently, because what matters is what the strategy depends on.
A minimum hold time removes the ambiguity by making the shortest holds impossible, which is why most prop firms now publish one.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Scalping
Taking many short-duration trades for small individual gains. It depends on tight costs and reliable execution, because the spread and commission are a large share of every result.
Latency arbitrage
Trading on a price that is known to be stale because a faster feed has already moved. It profits from a delay in the environment rather than from any view about the market, and it is prohibited industry-wide.
High-frequency trading
Automated trading at very high order rates and very short holding periods, measured in seconds or less. It depends on infrastructure rather than analysis, and it is not what a retail prop account is built for.
Round turn
One complete trade - the entry and the exit together. Commission quoted per side has to be doubled to get the round-turn cost, which is the only figure worth comparing between firms.
Prohibited trading
Activity a firm bans because it targets the trading environment rather than the market. It covers exploiting errors and pricing delays, coordinated trading between accounts, and third-party account management.
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