Eli Shirazi launched a new venture, a UK-based proprietary trading firm named “R u The 1.” He serves as its Founder and Director. 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 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 Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, and strategic initiatives, including a partnership with a major sports team.

His career also includes leading roles in fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term 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 the 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.