ArizetTHE DESKSYNDICATIONStart trading
Trader Guide ·  Chapter 1
Chapter 1 of 20: all chapters
  1. 1. Syndication in one page
  2. 2. Your accounts and your syndication balance
  3. 3. A tour of the Terminal
  4. 4. The three trade settings
  5. 5. Watchlist and instruments
  6. 6. Chart and Backtest Allocation
  7. 7. Pre-open: what the Desk would do
  8. 8. The earnings projection
  9. 9. Placing a trade: the Execute ticket
  10. 10. What happens after you press Buy or Sell
  11. 11. The Allocation panel
  12. 12. The Activity panel
  13. 13. Managing open positions
  14. 14. Pending orders
  15. 15. Closed trades, replay and sharing
  16. 16. Money: balance, fees, overnight charges and payouts
  17. 17. The Terminal on your phone
  18. 18. The Desk page
  19. 19. Questions traders ask
  20. 20. Glossary
Chapter 1 of 20

Syndication in one page

You trade. If you choose to syndicate a trade, the Desk puts its own capital behind it and pays you a share of what that capital makes.

  1. You open a trade as usual. You choose the instrument, the side (buy or sell), the size in contracts and, if you like, a stop loss, take profit and trailing stop. This position is yours, on your trading account.
  2. You tick Syndicate. Syndicating costs a flat fee per contract, taken from your syndication balance when the position opens. Normal costs $15 a contract and High-Risk costs $25 a contract (see Chapter 4).
  3. The Desk opens its own allocation behind your trade. It starts with a small share of your size and adds more as the move proves itself, in steps called levels (or rungs). If the price pulls back, the Desk can sell part of its allocation and bank what that part made, then buy back if the move resumes.
  4. The Desk protects its allocation with its own stop. The Desk stop starts at the disqualification level and trails behind the price as the trade moves your way.
  5. You are paid on what the Desk's allocation makes. You receive 90% of the qualified reward. If the Desk's allocation loses money, the Desk carries that loss in full. You are never charged for it.
  6. The syndication ends when you close your trade, when the Desk takes profit or exits, or when the Desk stop is hit. Your earnings settle, and you can move them to your Wallet once they unlock.
Two things run side by side. Your own position runs on your trading account and makes or loses money as usual. The Desk's allocation runs separately, and your earnings come from it. The Terminal always shows the two apart: "Underlying P&L" is your own position, and "Your earnings" is what the Desk pays you.

What the fee buys and what it does not

  • The fee is paid once per contract when a syndicated position opens. A pending order (limit or stop) costs nothing until it fills.
  • If the Desk cannot join your trade (for example the instrument is closed, or the Desk has no capacity left on it), you are told why and no fee is charged, or the fee is returned. Your trade still opens as your own position.
  • The fee is charged whether or not the Desk's allocation ends up making money.

The three settings you choose per trade

SettingOptionsWhat it changes
Risk toleranceNormal, High-RiskHow far the Desk stays with you when the trade moves against you. The only setting that changes the fee.
TimeframeIntra-Day, Multi-DayHow fast the Desk moves with you.
Profit appetiteAggressive, Moderate, ConservativeProfit protection: how much of your earnings you are willing to give back once the trade is in profit.

The screens come from a demonstration account; prices, sizes and amounts are sample data. Estimates, projections and backtests in the Terminal describe how the Desk behaves. They are not promises of future results. Trading involves risk.