image

Australia & New Zealand Business Report 2017

Presented by

Discovery Reports

Propex offers proprietary traders sound training environment

Drawing on its rich trading experience in futures, equities, foreign exchange and commodities, Propex offers free training programmes for novice and experienced proprietary traders

PUBLISHED : Friday, 22 September, 2017, 5:15pm
UPDATED : Friday, 22 September, 2017, 5:15pm

Max Whitby founded Propex Derivatives at a time when futures trading was being computerised. Propex trained its traders so well through the transformation that the company managed to become today’s leading proprietary trading company. Accounting for a high per cent of Australasia’s overall futures volume, Propex has provided superior learning and career opportunities to more than 200 traders worldwide.

“Some of the professionals from the old trading floor community failed to make the transition from floor to screen,” says managing director Whitby. “As an old floor trader myself, I decided early on to embrace technology and, up to this day, we at Propex have adopted a strong philosophy in training.”

Drawing on its rich trading experience in futures, equities, foreign exchange and commodities, Propex offers bespoke free training programmes designed for novice and experienced proprietary traders. The applicants also benefit from Propex’s use of cutting-edge technologies. With solid emphasis on risk management systems, the company’s ultrafast trading platform can handle transactions from anywhere in the world, 24 hours a day.

Whitby’s contribution to the financial world extends beyond Propex. Besides his involvement in the horse racing industry and chairmanship of Envirobank Recycling Australia, Whitby has also been around the world introducing finance technology company Othera. Othera is revolutionising the marketplace for lending and financing with its Blockchain Lender Platform and Digital Asset Exchange solutions. These innovations allow lenders and investors to convert asset-backed securities into digital loan tokens, or bitcoins, and trade them. Businessmen have welcomed these avant-garde concepts from Othera when the company presented them in key cities such as New York, Beijing and Shanghai.

“I am torn between four lovers, so to speak,” Whitby says. “Propex is my foundation, horses and recycling are my passions, while Othera is the apple of my investment for the future.”

www.propex.com.au