A month after leaving Boston Technologies Mitch Eaglstein is back with full swing, leading Fortress banking’s dubai-based prime brokerage division. The affiliate company's equity is close to $130 Million.
Dubai-based Fortress Banking has recently decided to expand its distinctly private operations to starting serving qualified investors in the public market across the world. The result is the creation of Fortress Prime, as the appointment of Mitch Eaglstein as CEO comes only a couple of weeks after these intentions were publicly announced by the company. According to information exclusively obtained by Forex Magnates' reporters, the affiliate company of Fortress Prime has a total equity close to $130 million.
The selection of Mr. Eaglstein has been swift, as it was only a month ago when Forex Magnates broke the news that he and Boston Technologies had parted ways. The launch of a prime brokerage unit by Fortress Financial will lead it to offer a wider array of services to its existing clients, as Mr. Eaglstein stated to Forex Magnates, “Fortress Prime is positioning itself as a financial supermarket highlighted with best in class Liquidity . I am confident that the company will succeed as we have a great team of people coming on board.”
The company has a license from the Dubai Department of Economic Development, and is already in the process of getting regulated by the UK’s Financial Conduct Authority (FCA). Aside from being headquartered in Abu Dhabi, it also has an office in New York and plans to open one in London once it obtains its FCA license.
The firm recently announced that His Highness, Sheikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, has joined as Honorary Chairman and Partner. The move effectively means that the venture is backed by the Al Nahyan Family, which is one of the six ruling families in the United Arab Emirates and is estimated to have a fortune worth $23 billion.
Forex Magnates' reporters got hold of Mr. Eaglstein and asked about his new position at Fortress Prime, and he stated, “We will be bringing in a team of top industry veterans and will provide best of class service to the business to business market. In addition to organic growth, we intend I use our strong balance sheet to grow through accretive and strategic acquisitions."
Mr. Eaglstein has extensive experience in Senior Level Management of OTC related software and brokerage companies. He served as Managing Director at Boston Technologies, Boston Prime UK and the Institutional “eCommerce” trading division.
Prior to joining Boston Technologies, Mitch was the Chief Information Officer of FXCM Systems, LLC which was the result of a deal he negotiated between FXCM Holdings and Avalon Capital Holdings, which is a wholly-owned subsidiary of Traders Development.
As part of this deal, Mr. Eaglstein became a director of a software firm where he established an expanded technology presence for FXCM in Seoul, South Korea. While at Avalon he was the Chief Operating Officer and was instrumental in the development and distribution of the proprietary Avalon FX Pro Trading Platform, now owned by FXCM.
Mr. Eaglstein often speaks at industry panels and is one of about a dozen industry experts listed on the Forex Magnates Experts' website as he is considered to be one of the premier thought leaders in the space.
Dubai-based Fortress Banking has recently decided to expand its distinctly private operations to starting serving qualified investors in the public market across the world. The result is the creation of Fortress Prime, as the appointment of Mitch Eaglstein as CEO comes only a couple of weeks after these intentions were publicly announced by the company. According to information exclusively obtained by Forex Magnates' reporters, the affiliate company of Fortress Prime has a total equity close to $130 million.
The selection of Mr. Eaglstein has been swift, as it was only a month ago when Forex Magnates broke the news that he and Boston Technologies had parted ways. The launch of a prime brokerage unit by Fortress Financial will lead it to offer a wider array of services to its existing clients, as Mr. Eaglstein stated to Forex Magnates, “Fortress Prime is positioning itself as a financial supermarket highlighted with best in class Liquidity . I am confident that the company will succeed as we have a great team of people coming on board.”
The company has a license from the Dubai Department of Economic Development, and is already in the process of getting regulated by the UK’s Financial Conduct Authority (FCA). Aside from being headquartered in Abu Dhabi, it also has an office in New York and plans to open one in London once it obtains its FCA license.
The firm recently announced that His Highness, Sheikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, has joined as Honorary Chairman and Partner. The move effectively means that the venture is backed by the Al Nahyan Family, which is one of the six ruling families in the United Arab Emirates and is estimated to have a fortune worth $23 billion.
Forex Magnates' reporters got hold of Mr. Eaglstein and asked about his new position at Fortress Prime, and he stated, “We will be bringing in a team of top industry veterans and will provide best of class service to the business to business market. In addition to organic growth, we intend I use our strong balance sheet to grow through accretive and strategic acquisitions."
Mr. Eaglstein has extensive experience in Senior Level Management of OTC related software and brokerage companies. He served as Managing Director at Boston Technologies, Boston Prime UK and the Institutional “eCommerce” trading division.
Prior to joining Boston Technologies, Mitch was the Chief Information Officer of FXCM Systems, LLC which was the result of a deal he negotiated between FXCM Holdings and Avalon Capital Holdings, which is a wholly-owned subsidiary of Traders Development.
As part of this deal, Mr. Eaglstein became a director of a software firm where he established an expanded technology presence for FXCM in Seoul, South Korea. While at Avalon he was the Chief Operating Officer and was instrumental in the development and distribution of the proprietary Avalon FX Pro Trading Platform, now owned by FXCM.
Mr. Eaglstein often speaks at industry panels and is one of about a dozen industry experts listed on the Forex Magnates Experts' website as he is considered to be one of the premier thought leaders in the space.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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