Moneta Markets is officially entering the proprietary trading game. The multi-asset CFD brokerage, led by CEO and Founder David Bily, has announced the upcoming launch of a dedicated prop trading firm, with the product already in its final development stages.
In a public LinkedIn post, Bily wrote:
“Are you a proven leader with a sharp mind for trading, scaling business, and team growth? 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.”
The role, based in Dubai or open to relocation, will involve overseeing day-to-day operations, driving performance, and building the team “from the ground up.” Ideal candidates should bring prop trading experience, strategic leadership, risk management insight, and strong commercial drive.
This new venture will operate out of Dubai, where Moneta Markets has partnered with SCA-regulated Sterling Financial Services to solidify its regional presence. The firm views Dubai as a strategic launchpad into the MENA region, citing its robust financial ecosystem and global connectivity.
This marks a notable step for Moneta as it joins a wave of brokerages expanding into the proprietary trading space. The firm has also been active in Southeast Asia, building out its Malaysian team and appointing Fadi Reyad as Chief Market Strategist for MENA.
With the product nearly ready and executive hiring in motion, all eyes are on how Moneta’s prop firm will differentiate itself in an increasingly competitive landscape.