A new brokerage called Azul Markets has been established, offering licensed services through the Financial Services Commission in Mauritius. This firm targets professional clients, including brokerages, fund managers, liquidity providers, and institutional traders, facilitating direct access to various financial markets and trading instruments.
Despite being a startup, Azul Markets boasts a team with extensive experience in trading, liquidity management, and financial infrastructure. The firm provides access to a diverse range of asset classes, including foreign exchange (FX), metals, commodities, equities, indices, and cryptocurrencies.
The leadership team features industry professionals such as Andrzej Draniewicz, who has worked as Head of Customer Support at FXPRIMUS and as Head of Operations at XM. His involvement adds substantial expertise to the new venture, which underscores its commitment to servicing the institutional trading sector.
Mauritius is experiencing a surge in attracting financial startups, particularly in the foreign exchange and contracts for difference (CFD) industries. This trend is evident from recent endeavors like Prime Quotes, which was co-founded by a notable figure in the trading sector. Prime Quotes has successfully secured regulatory licenses in three jurisdictions, including South Africa, and plans to expand its offerings to include a digital asset exchange.
Regulatory approvals have been pivotal for many recent startups in Mauritius. Prime Quotes began its journey by obtaining a license in Saint Lucia and subsequently secured approval from the Financial Sector Conduct Authority in South Africa. The addition of a third license in May 2024 enhances Prime Quotes’ strategic position within the African market, where demand for FX and CFD services is growing.
As the landscape of financial trading continues to evolve, both Azul Markets and Prime Quotes are poised to carve out their niches within the industry, capitalizing on their experienced teams and innovative offerings.