Recently there’s been a trend amongst the evaluation companies, to work with Rithmic to get their own designated server for traders to connect to. So rather than connecting your platform to “Rithmic Paper Trading Server – Chicago” for example, you choose a server called that is actually called “Bulenox” or “LeeLoo Trading” or “Apex Trader Funding” or whoever.
These companies are also getting a bit more “professional” with regards to how they handle the administrative side of the business – you know, little things like funding contracts, payouts, tax forms, etc. The most often-used service that seems to be catching on for this kind of back-office functionality, is deel.com.
I see this as a really good sign of maturity in the space, as some evaluators are starting to “get serious” about the way they handle the administrative side of their business. This will be good for them and their users as it will provide a smoother experience all around, more reliable funding cycles, more consistent income for the funded traders, etc. In time should end with a “survival of the fittest” situation where the best companies thrive, and the rest… don’t.
