Chat With Traders
Latest Business Ideas
Automated Cross‑Exchange Crypto Arbitrage Bot/Operation
Sudhu highlights cross‑exchange arbitrage as a practical, profitable trading model in crypto because of friction moving collateral and differences between futures/spot pricing across venues. The business is an automated trading operation or bot that scans multiple exchanges, identifies arbitrage spreads (spot vs futures, exchange-to-exchange futures spreads), and executes hedged trades to capture the spread. Implementation: build low-latency connectors to multiple exchange APIs, maintain funded accounts across target venues, implement risk controls (position limits, automated hedging, margin monitoring), and a reconciliation/settlement layer to manage settlement latencies and funding costs. Start with a narrow set of instruments (BTC/ETH futures) and expand. This solves the opportunity presented by remaining frictions and funding/settlement inefficiencies in crypto markets. Target users/operators are technical founders or small quant teams with programming and trading experience; alternatively the product could evolve into a licensed SaaS arbitrage engine. Tools/tactics mentioned include focusing on inter-exchange spreads, managing collateral movement latency, and being aware of HFT competition and liquidity risks.
From: 186: Sudhu Arumugam – Advancing Crypto Ecosystem—Post Two Decades of Institutional Trading
Crypto-native Front-end White‑label for Exchanges
The podcast describes building a crypto-focused front-end UI that sits on top of a professional trading engine (Trading Technologies). The core idea is a white-label, crypto-native GUI that masks professional complexity for retail traders while exposing advanced ladder, bracket and order-book features to more active users. Implementation for an entrepreneur: develop a front-end product that integrates with exchange APIs and institutional trading back-ends (or TT-like gateways). Offer two modes: a simplified crypto-native UI for retail/first-time futures users and an advanced ladder/TT-mode for HFT/active traders. Monetization options include SaaS licensing to exchanges (monthly/usage fees), white-label builds for exchanges, revenue share or referral fees for new accounts, and premium feature subscriptions for traders. This solves the mismatch between professional-grade trading tools and crypto retail expectations: many exchanges have crude buy/sell interfaces while institutional tools are too complex. Target customers are crypto exchanges seeking a polished front-end, crypto-native brokers, and active retail/pro traders. Tactics mentioned in the episode include pairing with an institutional front-end provider (TT), building an overlay UI to keep familiar crypto UX, using ladders for point-and-click execution and educating users via in-product guides/videos to graduate them to advanced interfaces.
From: 186: Sudhu Arumugam – Advancing Crypto Ecosystem—Post Two Decades of Institutional Trading
Bracket‑Order Trading Competitions to Onboard Users
Sudhu explains running educational trading competitions built around 'bracket' order functionality (predefined stop loss and take profit) as a way to both onboard and train crypto traders. The business idea is a competition/platform product that incentivizes disciplined trading (brackets) with prize pools, affiliate/commercial partnerships with exchanges, and content/education around disciplined risk management. Implementation steps: build a lightweight web/mobile competition platform that integrates with exchange APIs (for verifying trades or via referral tracking), design bracket-specific contest rules and leaderboards (ROI, volume, risk-adjusted return), partner with exchanges for fee discounts or prize funding, and run recurring weekly and marquee competitions to drive acquisition. This solves two problems: (1) low-retention onboarding of new crypto derivatives users and (2) risky behaviour encouraged by standard ROI-only contests. Target customers are crypto exchanges (as sponsors/partners), retail traders looking for gamified learning, and communities wanting competitive events. Tactics from the episode include pairing contests with bracket orders to force risk discipline, using prize pools to attract traders, and providing educational materials (videos/blogs) to convert casual traders into advanced users.
From: 186: Sudhu Arumugam – Advancing Crypto Ecosystem—Post Two Decades of Institutional Trading
Trader Journal & Analytics Platform
This business idea involves developing a SaaS tool dedicated to helping traders track their performance and improve their trading processes. The platform would allow users to log trades, record risk metrics, and maintain detailed journals, automatically analyzing their trade data to provide insights on risk management, positional sizing, and overall discipline. Integrated dashboards could display key performance indicators and offer trend analyses, enabling traders to identify recurring mistakes and optimize their strategy over time. The implementation could involve building integrations with popular brokerage APIs to automatically import trade data and using data analytics to generate personalized feedback for each user. This digital product addresses a critical pain point for traders who often overlook the importance of reviewing their historical data to build consistent processes – a point emphasized repeatedly in the episode. The target audience includes both retail traders and funded prop traders looking to refine their strategies and improve risk management. Specific strategies include offering tiered subscriptions, incorporating community features for peer review, and providing educational modules on proper trade journaling and analysis.
From: 304 · Kyle Ng aka JadeCap - $4.5M with Process, Patience, and Prop Firms
Prop Trading Challenge Aggregator
This idea centers on building a digital platform that aggregates and compares various online prop trading challenges. The platform would serve as a marketplace where aspiring traders can review and register for evaluations offered by multiple prop firms. By consolidating details like registration fees, evaluation criteria, payout structures, and user success stories, the platform provides clarity in a largely fragmented industry. It can include features such as leaderboards, user reviews, and performance analytics to help traders choose the right challenge based on their skill level and risk tolerance. The implementation involves developing a web- and mobile-friendly SaaS product that partners with existing online prop firms to fetch and update challenge information in real time. Entrepreneurs could use affiliate models, subscription tiers, or commission fees on successful trader placements as revenue streams. This platform addresses the problem of information overload and lack of transparency in the prop trading space, and is tailored primarily for retail and aspiring professional traders who want to leverage external capital without risking their own savings. Specific tactics include API integrations for live data updates, community forums for peer support, and educational resources to help users prepare for trading challenges.
From: 304 · Kyle Ng aka JadeCap - $4.5M with Process, Patience, and Prop Firms
Get Business Ideas from Chat With Traders
Join our community to receive curated business opportunities from this and hundreds of other podcasts.