Liquidity Provider LP Prime’s Co-Founder Leaves Firm Only Over a Year after Launch

Louay Amhaz, who co-founded liquidity provider LP Prime last year, has left the firm. The company announced his departure last Friday, mentioning that “this isn’t a goodbye, but a ‘see you later’,” thus keeping open the possibility of his return.

Establishing a Liquidity Provider Business

“While I’m stepping back, I’ll always be part of the LP Prime family,” Amhaz said in a statement.

However, his next career step remains unclear.

Amhaz co-founded LP Prime in early 2024 to provide liquidity to forex and contracts for difference (CFDs) brokers. According to the platform's website, it offers liquidity for over 2,500 instruments across eight asset classes, including forex, stocks, indices, energies, metals and even NDFs.

Read more: Why Are CFD Brokers Going “Insti”?

About three months after LP Prime’s launch, the company appointed Marios Antoniou as Chief Executive. It also appointed Demetris Hapsides as Chief Operating Officer. Both Antoniou and Hapsides previously worked at IronFX.

“Louay helped shape the core of LP Prime,” Antoniou said. “His energy and influence will always be part of our story.”

An Industry Insider

Amhaz co-founded the liquidity provider after spending a decade in the retail trading industry. Before LP Prime, he worked at the Cyprus office of oneZero for over seven years and left as Director of Business Development. He also spent more than two years at PrimeXM as its Global Business Development Manager.

Interestingly, his exit from LP Prime came as the company expanded its presence across the Middle East and North Africa (MENA) region.

“With recent expansions across the MENA region and a strong team of experienced professionals, we remain committed to delivering world-class liquidity solutions to brokers and institutional clients globally,” the company noted as it announced Amhaz’s departure.