FunderPro Taps Acuity AI to Power Prop Trading Push

Tuesday, 10/12/2024 | 08:17 GMT by Damian Chmiel
  • The prop firm becomes the first in the industry to adopt Acuity Trading's AI Research Terminal.
  • The partnership aims to enhance trader decision-making with real-time market insights and sentiment analysis.
FunderPro

Prop firm FunderPro has become the first proprietary trading company to integrate Acuity Trading's AI-powered Research Terminal. The new partnership marks a push to equip funded traders with more advanced market analytics tools.

FunderPro Adopts Acuity Trading's AI Research Platform in Prop Trading Push

The partnership gives FunderPro's traders access to real-time market insights, sentiment analysis, and global news updates through Acuity's artificial intelligence platform.

FunderPro CEO Gary Mullen
FunderPro CEO Gary Mullen

“Traders should have access to the best tools and insights in the market,” said FunderPro CEO Gary Mullen. “Acuity Trading's Research Terminal allows our traders to gain critical insights and stay ahead of market trends, which is essential in today’s fast-paced trading environment.”

The Research Terminal combines artificial intelligence with human expertise to help traders identify opportunities and develop data-backed strategies in volatile markets.

Although FunderPro is the first prop firm to utilize Acuity's AI toolkit, many FX and CFD brokers have already adopted similar solutions. Just within the past month, OneRoyal and the former ZaraFX, now operating as Zarvista, opted for the AnalysisIQ solution.

Acuity Trading CEO Andrew Lane said the collaboration represents “a new chapter in the evolution of proprietary trading,” highlighting how AI-driven research tools can enhance trading decisions.

Andrew Lane, CEO of Acuity Trading, Source: LinkedIn

"We are thrilled to partner with FunderPro, a firm that is reshaping the proprietary trading space,” added Lane. “By providing their traders with access to Acuity’s advanced research tools, we are enabling them to make smarter and more strategic trading decisions.”

TradeLocker’s FunderPro Gains Attention

TradeLocker, a popular retail trading platform, especially among prop firm clients, decided to capitalize on the growing trend of FX/CFD brokers entering the proprietary trading space by launching its own trading brand. This initiative led to the creation of FunderPro.

In September, the company brought on board Antreas Pilavakis, who previously worked with The Trading Pit, as Operations Manager. Since then, the prop firm has integrated the cTrader platform into its services, providing users with more trading options.

A month ago, FunderPro announced plans to introduce futures services on its website. In a notice, the firm reportedly opened a waitlist for early access to the new offering and established a dedicated URL for this service: funderprofutures.com.

“Many People Probably Do Not Understand What AI Is”

In a recent interview with Finance Magnates, Acuity Trading’s CEO Lane criticized the increasing misuse of the term artificial intelligence (AI), describing it as “AIwashing.” He compared this trend to “greenwashing,” where companies inflate their sustainability claims to attract investors, often drawing regulatory attention. Lane pointed out that many businesses label themselves as “AI-friendly” without a genuine understanding or effective application of AI technology.

“There is a lot to the word AI,” Lane stated, highlighting that most claims are more aligned with machine learning than true AI innovation. He expressed doubt about companies promoting AI-focused products without a comprehensive grasp of the underlying technology.

Lane established Acuity in 2013 with the goal of providing advanced trading insights through machine learning and natural language processing (NLP). His experience includes early-stage NLP development and natural language generation at Dow Jones, equipping him with significant expertise in the technologies that power AI-based solutions.

Prop firm FunderPro has become the first proprietary trading company to integrate Acuity Trading's AI-powered Research Terminal. The new partnership marks a push to equip funded traders with more advanced market analytics tools.

FunderPro Adopts Acuity Trading's AI Research Platform in Prop Trading Push

The partnership gives FunderPro's traders access to real-time market insights, sentiment analysis, and global news updates through Acuity's artificial intelligence platform.

FunderPro CEO Gary Mullen
FunderPro CEO Gary Mullen

“Traders should have access to the best tools and insights in the market,” said FunderPro CEO Gary Mullen. “Acuity Trading's Research Terminal allows our traders to gain critical insights and stay ahead of market trends, which is essential in today’s fast-paced trading environment.”

The Research Terminal combines artificial intelligence with human expertise to help traders identify opportunities and develop data-backed strategies in volatile markets.

Although FunderPro is the first prop firm to utilize Acuity's AI toolkit, many FX and CFD brokers have already adopted similar solutions. Just within the past month, OneRoyal and the former ZaraFX, now operating as Zarvista, opted for the AnalysisIQ solution.

Acuity Trading CEO Andrew Lane said the collaboration represents “a new chapter in the evolution of proprietary trading,” highlighting how AI-driven research tools can enhance trading decisions.

Andrew Lane, CEO of Acuity Trading, Source: LinkedIn

"We are thrilled to partner with FunderPro, a firm that is reshaping the proprietary trading space,” added Lane. “By providing their traders with access to Acuity’s advanced research tools, we are enabling them to make smarter and more strategic trading decisions.”

TradeLocker’s FunderPro Gains Attention

TradeLocker, a popular retail trading platform, especially among prop firm clients, decided to capitalize on the growing trend of FX/CFD brokers entering the proprietary trading space by launching its own trading brand. This initiative led to the creation of FunderPro.

In September, the company brought on board Antreas Pilavakis, who previously worked with The Trading Pit, as Operations Manager. Since then, the prop firm has integrated the cTrader platform into its services, providing users with more trading options.

A month ago, FunderPro announced plans to introduce futures services on its website. In a notice, the firm reportedly opened a waitlist for early access to the new offering and established a dedicated URL for this service: funderprofutures.com.

“Many People Probably Do Not Understand What AI Is”

In a recent interview with Finance Magnates, Acuity Trading’s CEO Lane criticized the increasing misuse of the term artificial intelligence (AI), describing it as “AIwashing.” He compared this trend to “greenwashing,” where companies inflate their sustainability claims to attract investors, often drawing regulatory attention. Lane pointed out that many businesses label themselves as “AI-friendly” without a genuine understanding or effective application of AI technology.

“There is a lot to the word AI,” Lane stated, highlighting that most claims are more aligned with machine learning than true AI innovation. He expressed doubt about companies promoting AI-focused products without a comprehensive grasp of the underlying technology.

Lane established Acuity in 2013 with the goal of providing advanced trading insights through machine learning and natural language processing (NLP). His experience includes early-stage NLP development and natural language generation at Dow Jones, equipping him with significant expertise in the technologies that power AI-based solutions.

About the Author: Damian Chmiel
Damian Chmiel
  • 2133 Articles
  • 60 Followers
About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
  • 2133 Articles
  • 60 Followers

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