Ricky Saldana, a 29-year-old trader based in New York, first heard murmurings about prop trading in 2021. A contact let him in on what, at the time, felt like a gatekept secret: If he paid a prop firm ...

A prop trading firm is a company that provides its money (significantly larger capital) to talented traders for their trading activities in the hopes of a profit split, assuming the trader is ...