OUINEX has appointedNathan Meyer as Managing Director for South Africa. He will lead the company'slocal operations and team, and oversee its strategy in the country.London's trading industry is coming home!The move comes asinternational brokers face higher costs for maintaining local operations inSouth Africa. A recent Finance Magnates report found that thecountry's ODP requirements have led some foreign brokers to withdraw licenceapplications or give up existing licences, citing the costs of localoffices, compliance functions and other requirements.Meyer has participated in panels at the twomost recent Finance Magnates Africa Summit editions. At FMAS:25, hejoined a discussion on the growth of prop trading firms, their businessmodels and their relationship with traditional brokerages. At FMAS:26, hetook part in a panel examining the economics of prop trading in Africa andthe challenge of attracting traders who are more familiar with traditionalbrokers.OUINEX Expands South Africa OperationsSouth Africa has anestablished retail trading market, with communities of traders, introducingbrokers, educators and online trading groups. Traders in the country are alsofamiliar with international brokerage brands.Under Meyer, the localteam will focus on commercial strategy, partnerships, introducing brokerrelationships and trader acquisition. It will also work on adapting OUINEX'soffering for South African clients."Nathan will workalongside our international leadership and product teams while leading theexecution of our South African strategy," said Ilies Larbi, CEO andCo-Founder of OUINEX.Larbi said theappointment comes as the company expands across multi-asset trading,cryptocurrency and the prop trading sector.Experience Acrossthe IndustryMeyer has held rolesacross the brokerage, prop trading and retail trading sectors. He has served asCEO of multiple prop firms, founded his own prop firm, and held executivedirector and advisory positions at brokerages and trading companies. He also hasmore than 13 years of trading experience.Commenting on hisappointment, Meyer said the objective was not simply to introduce anotherinternational brand to South Africa."It is to build agenuinely competitive local proposition around the way South African tradersactually trade, while giving them access to the wider OUINEX ecosystem,"he said.This article was written by Tareq Sikder at www.financemagnates.com.