Tech provider Match-Trade Technologies has launched its own prop trading solution.
Prop trading technology really has two components. One is the front end trading platform. The other is what you could broadly define as a CRM. The latter one is what Match-Trade has now introduced, to complement its existing platform offering.
Prop CRMs tend to consist of a client portal, where clients can make deposits and manage the challenges they’ve paid for. However, they also allow props and brokers to set up the challenges and monitor client accounts.
This tech is comparatively new, as existing trading platforms were often not built to offer these sorts of challenges. As FTMO CEO Otakar Suffner noted when we spoke to him earlier this year, in the early stages of the industry, this meant accounts had to be monitored manually.
Several firms have now brought prop solutions to the market. The sector is growing rapidly, with set up much smoother than it is today to start a broker.
