Propex was founded by Max Whitby in 2005. We started with three employees and eight traders within one office in Sydney. We quickly grew to a team of 50 traders by 2008, then moved to a larger Sydney office in 2010 to accommodate our increase in traders and growing management team. Today, we have more than 150 traders trading with us globally
In 2007, we ran our first futures training program. Many of those first trainees continue with us to this day as successful, experienced traders. Over time, we have refined and perfected our training programs, which remain flexible enough to continually adapt to market changes and opportunities.
In January 2012, we established a cash equities business, which is now very well established with more than 30 traders in Sydney and the Gold Coast. As required, we will regularly bring our trainees into the equities business.
The evidence is in – at Propex, our future is bright, and we have realistic ambitions to grow further. From experience, we strongly believe that training talented, hard working and passionate graduates is our future.
What our Traders say about us:
"Strong backing, lots of support, encourages us to trade a variety of products."
"Great opportunity ,good workplace and experienced traders."
"Great place to work, pioneering in prop trading and support with infrastructure."
"Talented people working together. Comfortable working environment. Good trainers."
"I feel I have the tools I need to trade well, the backing of management, and I'm confident in Propex's solid financial position."
"Leading prop firm in Australia, with ability to grow and nurture traders to the top."
"Ideal place to start if you want to be a trader."
"No BS office culture. Good support for traders."
"The freedom to work from home, ability to trade 24hrs with risk management in place throughout."
"Good place to start your trading career. You get the best support and trading facilities in the industry here."
"I value my work colleagues, the trading itself, and the laid back culture. Plus, unlike many firms, there's a great work life balance here."
LQUAY. 1995 - 2005LQUAY Futures Brokers – The first of its kind in Australia offering specialist broking services to high net worth clients known as locals.
Propex EstablishedMax Whitby sells LQUAY broking and clearing business to ABN Amro and establishes a new proprietary trading business in Propex Derivatives – the first of its kind in Australia
Propex Training Program EstablishedMatt and Max establish the Propex Training program with the first 6 trainees and a trainer. The highly successful program will go on to train 350 trainees with the aid of 7 different trainers.
ABN AmroEstablish clearing relationship with ABN Amro. First prop client for ABN.
50 TradersPropex reaches 50 Traders.
RelocationThe company is moved to new premises on Hyde Park to accommodate training and trading expansion.
100 TradersPropex reaches 100 Traders
Singapore office opensSingapore office is opened headed by our partner in the Singapore operation Keiran Horth
Gold Coast opensGold Coast office is opened and headed by Dave Negrine
Equities Trading beginsPropex starts the Equities Trading arm of the business
Sporting LegendsDomain CBD office soccer competition – Champions 2012
Propex continues to growPropex reaches 150 traders
OTC CurrenciesWe began trading OTC currencies.
Singapore GrowsSingapore office hits 50 traders
We don't stop there.
Propex also has traders in these places.