Glossary · Risk and drawdown
Hybrid model
- Also called
- hybrid book
- hybrid execution
- hybrid risk model
What it means
In a prop firm, a hybrid book usually means the evaluation stage and most funded accounts stay simulated, while traders who meet internal criteria have their positions mirrored to a liquidity provider. The criteria might be payout history, consistency, account size or strategy type.
Hybrid models need tooling: a bridge between the platform and the liquidity provider, a risk engine that tags accounts for routing, and reporting that separates simulated payouts from live P&L.
Hybrid setups are also common at brokers that launch prop programs, because they already hold liquidity and risk infrastructure.
Related terms
Read these next.
A-book
B-book
Liquidity provider
Risk engine
Payout reserve
On your website
Where this shows up on a prop firm site.
Rules pages
Drawdown Rule Visualiser
What Is a B-Book Prop Firm? A-Book, B-Book and Hybrid
Prop Firm Risk Management: A-Book and B-Book for Owners
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