Eli Shirazi launched a new venture, a UK-based proprietary
trading firm named “R u The 1.” He serves as the Founder and Director
of this firm. Established in November 2024, the firm is headquartered in the
London area, United Kingdom.
Commenting on his new role, Shirazi said: “I chose to
incorporate the company in the UK to position it strategically for any
forthcoming regulatory changes within the prop trading industry, establishing
it in a reputable jurisdiction known for high regulatory standards and robust
governance.”
Career in Fintech and Trading Firms
Before starting this venture, Shirazi accumulated extensive
experience in the financial sector. Since 2016, he has worked as a freelance
business consultant, advising on EU financial services law, electronic money
institution regulations, and company acquisitions. His consultancy work has
taken him across Europe and other regions as needed.
In addition to his consulting work, Shirazi has served as a
Non-Executive Director at MEXEM Europe since 2016. In this part-time role, he
has been involved in license application processes, participated in board
meetings, and provided ongoing support to the company’s management and
shareholders.
Shirazi’s Roles at ActTrader, Magnum FX, and Saxo Bank
Shirazi’s recent experience includes as Managing Director at
ActTrader Technologies from October 2023 to November 2024. During his tenure,
he managed the company’s operations, focusing on strategic decisions and
process optimization. Earlier, he served as CEO of Magnum FX from 2018 to 2020,
overseeing daily operations, compliance, and strategic initiatives, including a
partnership with a major sports team.
His career also includes leading roles in fintech and
trading companies. As Executive Director at AlgoPay from 2015 to 2016, Shirazi
directed the startup’s operations, focusing on payment services and risk
management. Prior to that, he was the Head of Front Office at Saxo Bank from
2013 to 2014, where he managed trading operations, regulatory compliance, and
new product implementations.
Between 2008 and 2012, Shirazi served as Head of Trading at
Lembex Global Investment in Israel, managing the dealing desk, client
relations, and risk assessment.
Report Highlights Positive Outlook for Prop Trading in
2025
Finance Magnates
reported earlier that proprietary trading firms are optimistic about 2025,
according to the Acuiti Proprietary Trading Management Insight Report,
conducted with Avelacom. The
survey of 120 executives from 103 firms shows 64% expect above-average
conditions, driven by anticipated market volatility and technological
advancements.
Ultra-low latency firms are particularly optimistic, with
47% predicting a well above-average year. Investment plans reflect this
confidence, with 65% of firms expecting higher budgets, focusing on improving
latency, market data, algorithmic tools, and colocation infrastructure.
This article was written by Tareq Sikder at www.financemagnates.com.
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