3-Universe Model of Proprietary Trading
GTIXT measures the economy of retail-funded proprietary trading through 3 distinct universes:
Prop Firms Retail Funded
Dedicated retail prop firms offering funded trader programs (challenge/evaluation model, profit split โฅ50%, trader capital allocation)
B2B Support Services
Technology & services supporting prop firms (brokers B2B, risk engines, payment rails, analytics platforms)
Market Makers & Quant Firms
Market makers, quant funds, and hedge funds (NOT retail-focused, separate analysis)
Each universe measures a different economy with distinct indicators
Prevent mixing retail prop with institutional trading metrics
Users understand why firms are categorized this way
Compare apples-to-apples within each universe