Research profile
Profile data updated: October 13, 2026
Two Sigma Securities
Watch flags
Two Sigma Securities, LLC is a FINRA-registered broker-dealer affiliated with Two Sigma Investments, LP. Watch flags: regulator censure and fine (FINRA AWC June 2020)
Electronic market maker affiliated with Two Sigma. Provides liquidity in US equities and options using systematic, data-driven strategies.
- Headquarters
- New York, USA
- Founded
- 2009
- Funding model
- Firm Capital
- Geographic availability
- Worldwide policy not clearly statedU.S. traders:Not confirmed
May suit
traders focused on equities, options.
Consider alternatives if
you require futures; you rely on copy trading.
Trader rating
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Overview
What this firm is and who it serves
The market-making arm of Two Sigma. A major US equities wholesaler and electronic market maker.
"Use the scientific method and data to provide consistent, high-quality liquidity."
At a glance
Structured facts about this firm
- Firm Type
- Firm Capital prop firm
- Market Focus
- Stocks, Options
- Trading Style
- News trading permitted, overnight holding allowed, weekend holding allowed
- Retail Accessibility
- Open to retail traders
- Based in
- New York, USA
- Geographic availability
- Worldwide policy not clearly stated
- Known For
- Significant retail wholesaling presence
- CEO
- Simon Yates
- Team size
- ~500+
Funding programs
Account types and the path to capital
Evaluation
—Not required by this firm.
Instant funding
—Not offered by this firm.
Scaling plan
—No formal scaling plan documented.
Institutional only
Trading rules
What's allowed, what isn't
Asset classes supported
Related terms: trailing drawdown · consistency rule · profit split
Platforms & technology
Where and how you trade
Supported platforms
Payout structure
How and when you get paid
Pros & cons
A balanced view based on documented terms
Strengths
- +Strong research infrastructure
Trade-offs
- −No retail trader programs
Two Sigma Securities FAQs
Based on terms reviewed October 13, 2026
What should traders verify before choosing Two Sigma Securities?+
Review the specific program's drawdown rules, payout eligibility, prohibited strategies, platform availability, refund terms and any country restrictions before purchasing. Terms can differ between programs at the same firm. This profile summarizes the latest documented terms we found, but traders should confirm the current rules directly with Two Sigma Securities before purchasing.
Does Two Sigma Securities offer evaluation and instant-funding options?+
Two Sigma Securities does not require a traditional evaluation phase. Program rules, fees and payout terms can differ between paths, so confirm the terms of the specific program you intend to buy.
How do Two Sigma Securities's payouts and profit split work?+
The published profit split is up to 50% of net profits to the trader, depending on the program; payouts are processed on a annual bonus basis. Payout eligibility begins after the applicable program cycle, and program-specific terms should be confirmed directly with the firm.
What are Two Sigma Securities's main drawdown and trading restrictions?+
Based on the documented terms we reviewed: news trading is allowed, overnight holding is allowed, weekend holding is allowed, copy trading is not permitted. Drawdown type and consistency requirements can vary by program, so check the rulebook for the exact program before purchase.
Which platforms and markets are available at Two Sigma Securities?+
Platforms: Proprietary. Markets: equities, options. Availability can differ by program and by region — confirm on the firm's platform and product pages before purchasing.
Disclosure
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