CFD broker Taurex has brought back Matthew Wright as a Non-Executive Director, nearly three years after he left the brokerage for Exinity. The appointment marks a board-level return for an executive who previously led the broker during its Zenfinex phase.

Board Role at Taurex

Wright rejoined Taurex as a part-time Non-Executive Director last July. In this role, he sits on the board and supports oversight and strategy but does not manage day-to-day operations.

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His return reconnects the brokerage with a former Group CEO who helped guide the business through its earlier growth and brand transition.

Zenfinex rebranded its trading business to Taurex in 2023, as part of plans to expand offerings, including a proprietary app. The rebranding followed leadership changes at the group. Wright stepped down as Group CEO and Founder Nick Cooker returned to lead the firm.

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Alongside his Taurex role, Wright serves as Co‑Founder of Semoto Prime, part of Semoto, a venture he launched last April in London.

The startup intends to focus on execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, settlement and multi-step payment flows for fiat, crypto and stablecoins. It aims to support cross-border transactions where Wright says many teams "get stuck" on clean execution and operational processes.

Extensive FX and Brokerage Background

Before these ventures, Wright worked as Group COO at Exinity for nearly two years. He then served as Group CEO at Zenfinex, and was earlier the CEO at Capital Index.

Taurex groups its activities under three brands: the retail brokerage Taurex, the institutional liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and prime services division Taurex Prime, and the funded trader programme Atmos Funded.

Last week, it secured a $40 million Series C funding round led by major shareholder Oscar Hilt Tatum IV. The broker said it will use the proceeds to upgrade its proprietary back-office infrastructure, develop its mobile app into an AI-driven trading platform and support global expansion.