An organization representing the proprietary (prop) trading industry launched today. The initiative follows the growing popularity of the prop trading space and aims to fill a gap in governance and transparency across the fast-evolving sector.
Industry’s Self-Regulation Efforts
Dubbed The Prop Association (TPA), the launch comes at a critical
time for the proprietary trading industry, which has expanded rapidly in recent
years but remains largely fragmented.
“Prop trading has evolved quickly, but governance
and accountability have not kept pace,” said Jordan Schneir, CEO of The
Prop Association. “We created TPA to give the industry the self-organizing
framework it needs, one that protects traders, supports credible firms, and
strengthens the long-term legitimacy of this fast-growing space.”
Without consistent oversight, the sector has seen
mounting concern over disputes between firms and traders, as well as broader
trust issues.
According to the information shared with
financemagnates.com, the association will offer three key services: a neutral
External Dispute Resolution (EDR) system for trader-firm conflicts, voluntary
certification standards for prop firms, and educational resources through TPA
Intelligence.
Blueberry Funded Joins as Founding Member
In an early endorsement, Blueberry Funded, a
broker-backed proprietary trading firm, has joined as TPA’s inaugural Member
Firm. The firm, operated under the Blueberry Group and led
by General Manager Marcus Fetherston, provides traders with up to $2 million in
simulated capital and a profit share of up to 90%.
The association’s priorities include setting up its
dispute resolution infrastructure, publishing its first certification
principles, and expanding its roster of firms and Council representatives.
About the decision to join the group, Blueberry
Funded: “We’ve chosen to join the Prop Association because we believe the
industry is at a critical inflection point.”
“The association’s role as an external dispute
resolution provider gives traders a fair and transparent avenue to have their
concerns heard, something that’s been sorely lacking.”
With support from experienced professionals across
trading, law, and fintech, the organization hopes to foster a more transparent
and resilient future for proprietary trading worldwide.
“We see this as a vital step in raising standards
and ensuring the long-term stability and legitimacy of the prop trading space,
which aligns with Blueberry Funded’s commitment to sustainability.”
An organization representing the proprietary (prop) trading industry launched today. The initiative follows the growing popularity of the prop trading space and aims to fill a gap in governance and transparency across the fast-evolving sector.
Industry’s Self-Regulation Efforts
Dubbed The Prop Association (TPA), the launch comes at a critical
time for the proprietary trading industry, which has expanded rapidly in recent
years but remains largely fragmented.
“Prop trading has evolved quickly, but governance
and accountability have not kept pace,” said Jordan Schneir, CEO of The
Prop Association. “We created TPA to give the industry the self-organizing
framework it needs, one that protects traders, supports credible firms, and
strengthens the long-term legitimacy of this fast-growing space.”
Without consistent oversight, the sector has seen
mounting concern over disputes between firms and traders, as well as broader
trust issues.
According to the information shared with
financemagnates.com, the association will offer three key services: a neutral
External Dispute Resolution (EDR) system for trader-firm conflicts, voluntary
certification standards for prop firms, and educational resources through TPA
Intelligence.
Blueberry Funded Joins as Founding Member
In an early endorsement, Blueberry Funded, a
broker-backed proprietary trading firm, has joined as TPA’s inaugural Member
Firm. The firm, operated under the Blueberry Group and led
by General Manager Marcus Fetherston, provides traders with up to $2 million in
simulated capital and a profit share of up to 90%.
The association’s priorities include setting up its
dispute resolution infrastructure, publishing its first certification
principles, and expanding its roster of firms and Council representatives.
About the decision to join the group, Blueberry
Funded: “We’ve chosen to join the Prop Association because we believe the
industry is at a critical inflection point.”
“The association’s role as an external dispute
resolution provider gives traders a fair and transparent avenue to have their
concerns heard, something that’s been sorely lacking.”
With support from experienced professionals across
trading, law, and fintech, the organization hopes to foster a more transparent
and resilient future for proprietary trading worldwide.
“We see this as a vital step in raising standards
and ensuring the long-term stability and legitimacy of the prop trading space,
which aligns with Blueberry Funded’s commitment to sustainability.”
This post is originally published on FINANCEMAGNATES.
