Funded Unicorn Wanted to Ride on A-Book Trust, but Its Failure Exposed Prop Trading Limits
The recent collapse of Funded Unicorn has exposed weaknesses in the prop trading firm’s risk management. The firm used the much-respected A-book model to place all the risks on the market, but it did not work. “As you know, all of our funded traders were mirrored 1:1 with real company capital,” the company wrote in…