Prop trading executive Josh Dentrinos has stepped down as Chief Executive Officer (CEO) of ATFunded, the proprietary trading arm of global brokerage ATFX.
The departure, confirmed this month, concludes a planned leadership transition that began at the start of the year. Dentrinos will be succeeded by an existing employee at the firm.
Dentrinos joined ATFunded to build the firm’s operational foundation and establish its brand reputation under the ATFX umbrella. He confirmed that while he is leaving the executive role, he will remain available to advise and support colleagues at both ATFunded and ATFX.
Broker-backed prop in a consolidating sector
The leadership change comes as the broader prop trading sector continues to consolidate. Reports suggest that between 80 and 100 prop trading brands closed in 2024 alone, with undercapitalisation cited as the primary driver of failure.
“A range of services emerged to help people start their own prop firms with as little as $10,000, or even $5,000. That’s guaranteed to fail,” Siju Daniel, Chief Commercial Officer at ATFX, said at the end of last year.
ATFunded’s position within the ATFX ecosystem is designed to sidestep many of those issues. The broker-backed model typically solves for payout reserves, platform spend and risk tooling that smaller standalone props often underfund.
