2 September, AtoZForex.com, Lagos – In a bid for expansion, Shift Forex- a consultancy firm and leading forex investment bank has stepped up efforts to employ a senior business development executive to be based in Israel and control the company’s activities in the region.The company is primarily based in New York.
Amongst the company’s activities includes the running of the FXIC series of Forex industry B2B conferences, taking place in New york, Mexico and China is also being run by shift Forex. Shift forex solely focuses on the forex exchange industry and has worked with numerous customers which cut across liquidity, risk management, technology, market related projects, sales and compliance. The company’s next event is FXIC shanghai scheduled for 7 December and 8 December at the Waldorf Astoria Shanghai on the Bund, linking China-focused IBs and money managers with global forex brokers and platform providers together.
As Shift Forex expands operations, the qualifications for the shift hire is one who recently left a senior management position with leading Israel-based platform providers, and connected extensively in the industry. The center of focus for the Shift Forex Israel office will be -advising on new MT4 brokerage formation which in the foreseeable future will make shift forex end up earning as an MT4 reseller, and as well as acting as a consultant.
Certainly, Israel growing to be one of the main global center of the Forex industry, with a lot of Forex and Binary brokerage, platform providers, and IBs located in the country. Not long ago, we saw Teddy Sagi’s markets.com acquire both Ava Trade and plus 500 via parent Playtech, thereby creating what will be by far the largest Israel-based forex brokerage operation.
After the acquisition of plus 500, a new CEO was installed in person of Mark Winton, an industry veteran with extensive experience. He is a seasoned corporate governance and compliance professional who has most recently been the Global Head of Compliance at Alpari UK Ltd. Winton has also worked, primarily in senior risk management and compliance roles, at London Capital Group Holdings Plc, Astaire Securities, Goodman UK Limited, Brown Shipley & Co Limited and Thompsons Wealth Management Ltd.
The is an ongoing implementation process of a standard regulatory frame work in Israel on new regulations for forex brokers, thereby making the opening of new brokerage in the country or attractive to investors.