INX Names Paz Diamant as New CTO

INX Limited, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based platform for trading digital securities and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, announced on Wednesday that it named Paz Diamant as its Chief Technology Officer.

In a press release, INX announced that Paz Diamant, a Product Specialist with software product delivery experience of more than twenty years, has been onboarded as its Chief Technology Officer to lead the INX trading platform operation and its future developments.

Diamant carries over two decade’s worth of experience in the banking and financial technology sector. He brings a broad skill set that not only includes leadership both directly and in matrix environments but experience in building and leading engineering teams. His specialties include financial trading platforms, system architecture and algorithmic hedging and trading. Additionally, he has extensive technical knowledge in design, code writing and risk management, according to his LinkedIn profile.

Decades of Experience

Currently, in addition to his new post, Diamant is a Product Advisor on the Advisory Board for Deltika LTD. He has been giving counsel since the beginning of 2020 in Israel on implementing new products with Deltika, xAI solutions, team.

Before Diamant was selected for this posting, he founded and then served as the Managing Director in R&D and Product for eToroX from early 2018. There, he directed the DEV teams and Product team for two years.

Prior to eToroX, Diamant took on the position of Product Manager - Trading Back-end at eToro. He specialized in Market making and working with liquidity providers to source hedging solutions for the Dealing-Room as well as filling several of other requirements for just over four years. Within that time, he also headed eToro’s blockchain set of products.

From the beginning of 2011, Diamant was an entrepreneur and business analyst for SNPD, providing financial algorithmic advice and developing new start-ups. He accomplished this for over seven years, which was mainly for financial software companies.

At ForexManage, Diamant became the CTO and Co-founder in the spring of 1999. Some of the responsibilities were product development and implementation from conception to fruition. Additionally, he established the R&D team of 25 staff including developers, Q&A and support. From there, he elevated to the role of CEO and fulfilled the requirements for almost eight and a half years. The duties consisted of full responsibility for a software development company, including business development, sales, management and innovation and being a member of the board.

A New Breed of Technology Leaders

Diamant's appointment comes just after INX's first security token IPO was cleared by the US regulators.

Commenting on the appointment, Shy Datika, Co-founder and President of INX said: “This is a new arena for trading platforms with significant advantages and challenges over legacy trading systems. It requires a new breed of developers and technology leaders that understand both legacy banking and blockchain development worlds. Paz is exactly this rare type of manager who has lived on both sides. We welcome his talent and contribution.”