Prop trading firm The Trading Pit announced on Tuesday that it has acquired a brokerage license in the Seychelles.
“TTP Markets gives us the regulatory infrastructure needed to expand in a controlled and responsible way,” said Daniela Egli, CEO of The Trading Pit. “By taking a phased approach and prioritizing governance, we are ensuring that future growth is both scalable and compliant across jurisdictions.”
The new license will allow the firm to offer brokerage services to clients, something we’ve seen in the wider prop industry over the last 12 months.
The Trading Pit said it will have a limited initial roll out of the broker, with a small number of individual and institutional traders picked to sign up from its prop arm.
Some prop firms have acquired a brokerage license but then hardly use it – if indeed they use it at all. The primary reason for this is because firms only want the license to get access to MetaQuotes products.
“Throughout my career in the financial markets, I’ve seen that sustainable growth comes from building the right foundations early,” said Illimar Mattus, Founder of The Trading Pit. “Establishing TTP Markets allows us to shape our own regulatory path and prepare the business for the next phase of global development.”
