FNG Exclusive… FNG has learned that a new entrant in the MENA online trading world has just launched with ANAX Capital (at website anaxcapital.ae) formally opening its doors for business.

ANAX Capital is operating with a full (Category One) license issued by the UAE Securities and Commodities Authority (SCA) to Anax Capital Financial Markets LLC. The company has established offices on the 47th floor of the Aspin Commercial Tower, at Sheikh Zayed Road in Dubai.

ANAX Capital is controlled by company Chairperson Tabinda Sanpal (pictured above right). Tabinda Sanpal is the wife of Dubai based Indian entrepreneur Satish Sanpal (pictured above left), Chairman of ANAX Holding, a diversified $3 billion holding company involved primarily in luxury real estate and property development, as well as premium resorts and restaurants. Tabinda is also the majority shareholder of SSB Bazar Trading LLC, which holds a Foreign Portfolio Investor (FPI) license from ORBIS India for trading in Indian equities, futures and options.

Other executives who have been recruited to ANAX Capital include:

Mitul Kapadia, Chief Operating Officer (COO). Mitul was previously VP Sales at Daman Securities. He has also worked at Al Ramz, Menacorp, and Al Rostamani Group.

Shivanshu Shukla, Senior Business Development Manager. Shivanshu joins ANAX Capital after working in sales BelleoFX for the past two years. He has also previously worked at Admirals, CLIQ FX, xDirect Markets, and Fidelis Capital Markets.

Ali Farghly, Sales Manager. Ali was Senior Business Development Manager at Doo Prime for the past two years. He has also previously worked at DB Investing, and at AUS Global.

Raneesh Poothakkandi, Head of Operations. Raneesh worked in Operations at Phillip Futures DMCC for the past four years.