The year 2024 marked a significant shift in the prop firm landscape. The entire market underwent global transformations, impacting business activities and the tools used in daily operations. Match-Trade Technologies found itself at the centre of these dynamic changes, with prop firms showing growing interest in the Match-Trader platform. Thanks to our agile approach and well-thought-out solutions, we were able to help companies with urgent needs, facilitating seamless migration and ensuring uninterrupted business continuity. Within a few weeks, we emerged as the platform of choice for the leading players in the prop trading industry.

How Our Platform Changed

The evolving industry dynamics required us to swiftly adapt our overall strategy. In a matter of months, we implemented significant integrations and made feedback-driven improvements to our platform, which allowed us to customise our in-house systems to meet the specific requirements of prop firms. As a result, Match-Trader now features a dedicated PROP tab providing an overview of individual challenge statistics, as well as a PROP MODULE designed for managing prop trading business directly from our CRM. 

Additionally, substantial backend modifications were introduced to the Match-Trader platform, beginning with the unification of our API to streamline integration with external CRMs. Another key upgrade was the implementation of an advanced KAFKA queuing system, enabling account status updates without the need for querying. This reduces CRM load and offers much more effective communication between systems. In the event of a CRM failure, the system queues all events on client accounts and, upon reconnection, sends overdue data, account balances and results of open and closed positions, ensuring the CRM can fully update all information. 

We have also completed our integration with TradingView Charts—one of TradingView’s most sought-after products—allowing prop firms to use them on the Match-Trader platform at no extra cost. Our upcoming release will be a tournament feature, for which we have developed a dedicated technological backend, available both as part of our CRM package or as a standalone solution.

Match-Trader in Numbers

Our intensive efforts and technological advancements have yielded impressive results. Since February 2024, Match-Trade Technologies has onboarded nearly 60 prop firms. Notably, around 60% of the top 10 prop firms have chosen Match-Trader as an additional trading platform for their clients. This has driven a 51% quarterly increase in our technology-related activities, making prop technology an integral part of our business model.

The aforementioned 60 firms have sold over 650,000 challenges through our platform, generating over $100 million in challenge revenue for all firms using Match-Trader. Recent months have shown no signs of slowing in account openings—by the end of the year, we project that about 1 million prop challenges will be sold on the platform.

Future of Prop Trading

The past 8 months have demonstrated the prominent role of prop business in the forex industry. While the long-term trajectory of this shift remains uncertain, we have strategically positioned ourselves to capitalise on present opportunities and prepare for future challenges. To maintain our competitive edge and stay ahead of market demands, we remain highly responsive to changes in the prop trading industry and are implementing new, multi-level development strategies. Our focus continues to be on streamlining technological processes, enhancing integrations and continuing our core mission of delivering cutting-edge solutions and providing strong technological support to our clients.