Economy
Prop Trading Jobs and Salary Insights For 2023 By Traders Union Team
Proprietary trading firms, often called prop firms, are businesses that give money to traders. In such a way they can trade things like stocks, Forex, futures, and options. If you really like trading and want to work in the fast world of financial markets, prop trading can be an exciting option. Traders Union (TU) experts have provided a comprehensive article. They explained about prop trading jobs and salary.
Finding the best jobs in proprietary trading
TU’s analysts consider that the best prop trading jobs depend on your skills and experience. Prop trading firms look for traders with a strong trading background, often in specific markets.
- Equity traders – they buy and sell stocks and other equity securities using various strategies.
- Forex traders – they focus on trading currencies in the foreign exchange market, using different approaches.
- Futures traders – they trade futures contracts tied to commodities, indices, or interest rates.
- Options traders – they deal with options contracts, which give the right to buy or sell assets at specific prices and dates, using various strategies.
Is prop trading right for me?
To determine if a prop trading job is right for you, it’s essential to understand the key aspects of this role. In prop trading, it’s more like a partnership than a traditional job. You must excel at making profitable trading decisions, and a significant portion of your income is tied to trading success. Experts at Traders Union outline the pros and cons.
Pros:
- Access to capital
Prop trading firms provide funding for traders, enabling access to more opportunities.
- Trading support
These firms offer advanced tools and support, aiding informed decision-making.
- Profit potential
Profit-sharing arrangements can yield substantial income for successful traders.
- Networking
Working in a prop firm fosters valuable industry connections and collaboration.
Cons:
- Risk management
Strict policies may limit risk-taking and trading strategies.
- Profit sharing
Traders share profits with the firm, reducing personal earnings.
- Market restrictions
Some firms limit the markets traders can access.
- Performance pressure
Prop trading can be high-pressure, with constant evaluation and competition.
Steps to start a career as a prop trader
Becoming a prop trader is challenging but achievable with a strategic approach, as recommended by TU’s experts:
- Learn market trading – understand different markets, trends, and influencing factors. Study technical and economic aspects, and develop entry and exit strategies.
- Start personal trading – begin trading with your own account to refine your skills and demonstrate your talent.
- Find a reputable prop firm – research established prop trading firms or respected investment banks. Consider earning a bachelor’s degree if possible. Apply and go through their application process, which may include an internship.
- Apply for funded programs – some remote trading firms offer funded trading programs. Apply by providing your background, education, and trading experience.
- Prepare for interviews – expect interviews about your trading skills, experience, markets of interest, and strategies.
- Consider key factors – evaluate factors like account size, profit-sharing terms, available platforms, tools, and monthly fees charged by the prop firm when deciding to become a proprietary trader.
Earning potential for a proprietary trader
Traders Union analysts noted that in prop trading, earnings depend on profit-sharing agreements, which can vary. Many prop firms offer good profit splits, like 80% for traders. Some have tiered structures, where the trader gets 100% of the first $5,000 in profits and 90% afterwards. Fidelcrest, for instance, offers a 50% split initially, but funded traders can earn up to 90/100. TopStep lets traders withdraw the first $5,000 in winnings and offers a 90% split for later gains. It’s essential to know that profitability can differ between firms, but some, like TopStep and Fidelcrest, offer coaching, large accounts, and profit splits up to 90% for potential profits.
Conclusion
The best prop trading jobs depend on your skills and interests, with various roles like equity traders, Forex traders, futures traders, and options traders to choose from. To determine if prop trading is right for you, understand its pros and cons, including access to capital, trading support, profit potential, networking opportunities, but also risk management, profit sharing, market restrictions, and performance pressure.
Economy
NGX Group’s 65th Annual General Meeting Holds April 29
By Aduragbemi Omiyale
The 65th Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group Plc has been fixed for Wednesday, April 29, 2026, at 11:00 am at its corporate head office on 2–4 Customs Street, Lagos.
Business Post gathered that the meeting would be streamed live on the company’s website and social media platforms to enable broader participation by shareholders and stakeholders unable to attend physically.
As part of a special business, shareholders will consider a proposed bonus issue of one new ordinary share for every three existing shares held as at the close of business on April 10, 2026, subject to regulatory approvals.
The proposal also includes an increase in the organisation’s share capital from N1,102,309,954 to N1,469,746,605, to accommodate the bonus shares and amendments to the Memorandum of Association to reflect the new capital structure.
Also at the gathering, shareholders will consider and, if deemed fit, approve the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the directors, auditors, board evaluation consultants, and audit committee.
The meeting will also deliberate on the declaration of a final dividend and the re-election of three non-executive directors retiring by rotation, who are Mr Umaru Kwairanga, Mrs Ojinika Olaghere, and Dr Okechukwu Itanyi.
Other ordinary business items on the agenda include authorising the board to fix the remuneration of the external auditors, determining the remuneration of managers, and electing members of the statutory audit committee.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
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