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.

  • Related Posts

    Week in Focus: CMC Markets Signals Tokenized Asset Plans, Axi Debuts Institutional Liquidity Offering

    CMC teases entry into tokenisation The tokenization wave shows no signs of slowing, and the retail brokerage industry appears to be catching the fever. This week, CMC Markets has hinted…

    “In the Last 18 Months, Brokers Have Been Moving Toward ODP Licenses,” FMAS: 25 Insights on Regulation

    At Finance Magnates Africa Summit 2025, a pointed discussion between industry legal and compliance leaders underscored a growing consensus: regulatory shortcuts may offer early gains, but they increasingly carry reputational…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Week in Focus: CMC Markets Signals Tokenized Asset Plans, Axi Debuts Institutional Liquidity Offering

    • July 12, 2025
    Week in Focus: CMC Markets Signals Tokenized Asset Plans, Axi Debuts Institutional Liquidity Offering

    Gold Price Reaction to Tariff News

    • July 11, 2025
    Gold Price Reaction to Tariff News

    Why Do Currency Movements Happen Without Any News?

    • July 11, 2025
    Why Do Currency Movements Happen Without Any News?

    “In the Last 18 Months, Brokers Have Been Moving Toward ODP Licenses,” FMAS: 25 Insights on Regulation

    • July 11, 2025
    “In the Last 18 Months, Brokers Have Been Moving Toward ODP Licenses,” FMAS: 25 Insights on Regulation

    “Costs Could Reach 25%”: FMAS:25 Panel Urges Cheaper Cross-Border Solutions for Africa’s $50B Remittances

    • July 11, 2025
    “Costs Could Reach 25%”: FMAS:25 Panel Urges Cheaper Cross-Border Solutions for Africa’s $50B Remittances

    “Costs Could Reach 25%”: FMAS:25 Panel Urges Cheaper Cross-Border Solutions for Africa’s $50B Remittances

    • July 11, 2025
    “Costs Could Reach 25%”: FMAS:25 Panel Urges Cheaper Cross-Border Solutions for Africa’s $50B Remittances