Former Head of Front Office at Saxo Bank, Launches Prop Firm ‘R u The 1’

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.

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.

This post is originally published on FINANCEMAGNATES.

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