ProjectX is a web-based futures trading platform, which is used by multiple prop firms as a white-labeled platform. TradeDayX and TopstepX are two examples where prop firms use the trading technology of ProjectX.
ProjectX Partners
ProjectX works with brokerage partners like Plus500 and CTS and data partners like CME Group, databento, TradingView, and CQG, as well as Quantower.
The ProjectX Concept
ProjectX greatly combines high-quality trading data sources with high-end charting tools, trader-friendly interfaces, web and mobile trading out of the box, and risk controls.
The concept is simple, but powerful. You take data from a source like CQG and add a white-labeled version of TradingView as the graphical interface. And voila, there is ProjectX – fast, accurate, and cost-effective.
So, if you use TopstepX or TradeDayX, you basically use a 3rd party data feed and TradingView.
ProjectX API
The ProjectX API lets you automate trading strategies, build custom trading tools, and even integrate more 3rd-party software products. This way, you can combine historical data, real-time market data, and self-developed strategies to place and manage trades automatically.
You can develop in Java, Python, .NET, and other coding languages.
A good example is TopstepX. Topstep uses the ProjectX regular features, but also added custom-built proprietary modules like their The Tilt indicator, which is a sentiment analysis tool that works in real-time. The positive impact was that great, that Topstep now focuses on TopstepX, which is their version of ProjectX.