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."

Source: Finance Magnates