cTrader Exec James Glyde Launches PipFarm an Innovative Prop Trading Firm

James Glyde, a retail prop trading industry veteran and former senior executive at Spotware Systems, has launched a new startup firm called PipFarm. Operating out of Singapore, the new organization utilizes the cTrader platform from Spotware Systems. It is primarily due to MetaQuotes' decision to discontinue support for Funded Trader firms utilizing their MetaTrader platforms in a grey-labeled capacity that the retail prop trading industry is currently undergoing substantial transformations.

After six years, Glyde held the position of Chief Commercial Officer at Spotware, which he completed in 2019. Ahead of MetaQuotes' MetaTrader (MT4 and MT5) in terms of prominence, he was instrumental in the ascent of cTrader to the position of the preeminent multi-asset retail trading platform. Glyde worked as Operations Manager for Scandinavian Capital Markets, a Swedish and Canadian brokerage, for two years after Spotware ended before starting his entrepreneurial journey with PipFarm.

As an immediate reaction to the void, the unannounced withdrawal of MetaQuotes from the funded trading sector caused the establishment of Pipfarm. This withdrawal brought attention to the market's vulnerabilities and underscored the critical requirement for dependable and consistent trading solutions. The decision by Glyde to utilize cTrader for PipFarm is opportune and strategic, given that the lack of MetaQuotes has prompted numerous prop trading firms to explore alternative platforms.

Glyde emphasized cTrader's benefits while explaining why he decided to launch PipFarm on top of it. He underlined that the capabilities of the platform, rather than the state of the market, were the determining considerations. To guarantee a smooth integration with cTrader, he emphasized the comprehensive development and beta testing phase that PipFarm undertook. Glyde commended cTrader for its overall favorable attributes, including its stability, testing results, and overall benefits, which are paramount in establishing a favorable trading environment.

Glyde's statement illuminates his long-term goal for PipFarm, emphasizing his dedication to utilizing his extensive knowledge of funded traders and state-of-the-art technology to provide traders with exceptional assistance and prospects. PipFarm's commitment to a reliable option for traders in an environment recently marked by volatility and transformation is evident through its prioritization of a stable and well-executed platform integration with cTrader.

James Glyde's launch of PipFarm, a novel alternative for traders affected by MetaQuotes' strategic shift, marks a significant development in the retail prop trading sector. PipFarm, which provides a stable and supportive environment for its users, is well-positioned to exert market impact by leveraging the cTrader platform's extensive features and Glyde's industry knowledge.