FNG Exclusive… FNG has learned that former INFINOX CEO Jay Mawji has joined Retail FX and CFDs brokerage group STARTRADER, as CEO of STARTRADER’s newly launched institutional prime services business, STARprime.

STARprime is the new institutional product of STARTRADER. The focus will be on offering liquidity and technology services to brokerages, funds and fintech companies across the CFDs industry. STARprime is run from its headquarters in Dubai, with regional offices across the globe.

Jay Mawji stepped down as CEO of CFDs broker INFINOX earlier this year, following a change of ownership at INFINOX. Jay had been with INFINOX for 15 years, and for most of that tenure he served as Managing Director of the group’s FCA regulated INFINOX Capital operation in London, which operates the IXO Prime institutional B2B business.

STARTRADER has made a number of senior strategic hires over the past few weeks, including new Chief Commercial Officer Moe Padhani, Head of Operations Allan Maira, and Client Operations Specialist Clarice Frost.

FNG spoke with Jay about his move to STARTRADER and STARprime,

“I have had a close relationship with STARTRADER for many years and we have been patiently waiting for our opportunity to work together. STARTRADER has a strong Partner & Retail offering; it’s only natural that we expand into offering a Premium Liquidity Product through STARprime.”

Peter Karsten, CEO of STARTRADER, said,

“It is fantastic for STARTRADER to have Jay join us; his track record speaks for itself. We truly believe in bringing together the best individuals and teams we can, to provide our clients with an unparalleled product and service, this move achieves just that.”

STARTRADER (at website startrader.com) and STARprime (starprime.com) operate under several regulated subsidiaries globally including licenses from the SCA (UAE), ASIC (Australia), FCA (UK), FSCA (South Africa), FSA (Seychelles), and FSC (Mauritius).