Moneta Markets appears to be preparing to enter the proprietary trading space, with a newly posted executive job opening revealing plans for a dedicated prop trading firm. The company is now seeking a General Manager to lead operations, signaling the venture is in advanced development.

In a LinkedIn post, the CEO and Founder at Moneta Markets David Bily announced the search for a “results-driven” leader to oversee the soon-to-launch firm. The role includes responsibilities such as building out the team, managing daily operations, driving performance, and scaling the business.

“Based in Dubai or Open to Relocating”

“I’m on the hunt for a results-driven General Manager to spearhead our soon-to-launch prop trading firm. The product is nearly ready, now I just need the right person to scale it into a fierce industry competitor,” he mentioned. The search is targeting someone based in Dubai or open to relocating.

Presence in Dubai

Moneta Markets introduced its services in the UAE last year through a partnership with the Securities and Commodities Authority (SCA) regulated firm, Sterling Financial Services. Speaking to fnancemagnates.com, Bily praised the region as a global business hub with a robust financial ecosystem and strategic geographic location.

“Dubai is a global business hub with a robust financial ecosystem and strategic geographic location, making it an ideal choice for our expansion. Being in Dubai also positions us to tap into the rapidly growing financial markets in the Middle East and North Africa region.”

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The company also announced the launch of custom products for the local market, alongside our existing range of over 1,000 FX pairs, indices, commodities, share CFDs, cryptocurrencies, bonds, and ETFs, designed to suit traders of all levels and strategies

Moneta Markets also welcomed Fadi Reyad as the newly appointed Chief Market Strategist for its Middle East and North Africa operations. Besides that, the brokerage company introduced the addition of its Malaysian team, marking a notable move in boosting its presence in the Southeast Asian markets.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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