SpotOption, a leading binary options technology provider, has selected longtime industry veteran Semi Vahap as the new CEO of its UK branch, SpotOption UK Ltd. He previously served as the firm’s Chief Commercial Officer from 2013.
Mr. Vahap has been a mainstay at SpotOption since 2013 after a lengthy stint at several financial service providers, particularly in the binary options realm. This included his role as CEO of TraderXP from 2010 to 2011, then named to the same role at iOption until the company closed down suddenly in 2013.
Prior to binary options brokers, Vahap also worked in executive level roles at Spark Networks and Netvision.
Speaking with Finance Magnates, the CEO of SpotOption UK Ltd, Semi Vahap, had this to say about the appointment: “I am more than honored to be leading the SpotOption, UK office, as I believe this is the opportunity we’ve been waiting for in terms of pushing the industry to work in a regulated manner. Our office location at The Royal Exchange will allow us to best serve our European clients, in terms of accessibility and localization.”
” As we’ve seen the success of having a local shopfront in Hong Kong for our Asian market, we are looking forward to replicating that success in London. Bringing regulated trading to
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the masses is the SpotOption vision, and leading this London office is a privilege, as well as another step towards the realization of the vision,” he added.
Global expansion takes a step further
Last week, SpotOption made headlines after the company opened its new office in London, in a bid to onboard more regulated companies and to increase its footprint in the European Union. The Royal Exchange building will be housing SpotOption sales and client services in the UK. Although it’s still too early to judge how such a move can benefit the company operations, but there are obvious possibilities.
SpotOption was established in 2010, and today is considered one of the leading binary options platform providers worldwide. With a staff of over 250 employees, SpotOption is headquartered in Israel, and has branches in Cyprus, Hong Kong and most recently in London. SpotOption’s technology platform was awarded with the “Best Binary Service Provider” in Finance Magnates’ London Summit 2015.