UK Prop Trading Firm Blue Guardian to Acquire ASIC-Regulated Broker

Fazzaco has learned that Blue Guardian, a UK-based Prop trading firm, is set to acquire an Australian Securities and Exchange Commission (ASIC) regulated broker to obtain a local license. This strategic move will enable the company to offer trading services directly to their clients without relying on third-party brokers.

Blue Guardian CEO Sean Bainton announced on X on Saturday morning, "Next week, I will be acquiring an ASIC regulated broker exclusively for my companies. This partnership is unique because it's exclusive to us, meaning we reduce the risk of shutdowns that other brokers in prop space might encounter."

Due to the recent tightening of regulations in the US prop trading industry, Blue Guardian, like many other companies in the sector, had limited their services to American clients​.

Bainton continued: "At Blue Guardian, we are in the process of transitioning everything to this new broker by latest Wednesday. This move will provide us with a dedicated space tailored specifically for our non-US clients with much better trading conditions. Additionally, we plan to rebrand our broker to align more closely with the firms theme."

For the affected US customers, Bainton revealed: "For our valued Blue Guardian customers in the US, we have plans in place for you as well. We are finalizing arrangements so that you can begin using DXtrade by this Friday. To ensure a seamless transition, we kindly request all Blue Guardian traders to close their trades by 5 PM EST this Monday."

Bainton also mentioned that the Match-Trade trading platform is expected to be available in two weeks.

Notably, several proprietary trading companies, such as For Traders, The Funded Trader, Swift Funding, and Lark Funding, have recently migrated their trading platforms to DXTrade.