Israeli Forex Broker First Index Appoints New CEO, VP Sales
by
Dan Magen
Baruch Toledano will step down from his role as CEO beginning July 15th.
Israeli Forex brokerage First Index CEO Baruch Toledano has been replaced by Hanan Tabakaro, according to a company filing. The broker has also secured Dave Barzilai as its new Vice President of Sales.
According to his Linkedin profile, Mr. Toledano was appointed CEO of First Index back in October 2014. He was acting as the company’s Risk Manager in tandem with this role.
Before joining First Index, originally as a business adviser, Mr. Tabakaro acted as managing director at two Hong Kong based companies - Loomes Intl. Hong Kong and Brinks Hong Kong.
First Index is one of six forex brokers authorized to on-board Israeli citizens, after it was granted a Trading Arena license by the Israeli Securities Authority (ISA) last September. The brokerage offers foreign Exchange , CFDs and commodity trading with the MetaTrader 4 platform.
After Israeli lawmakers gave the ISA the mandate to regulate the forex market, 21 firms applied for a license. The regulators rejected the applications of seven firms and six more withdrew their applications themselves. A few months after ATRADE, FXCM Israel, REAL FOREX, FIRST INDEX and Plus500 were given authorization to operate in Israel, TGL Colmex Capital joined the list.
With its new local license, TGL Colmex Capital increases its presence in the Israeli forex market by acquiring its rival forex brokers Matach24 and Protarde, which were still in the licensing process as the Israeli markets consolidated.
Finance Magnates has reached out to First Index for a comment and will update the article when one is received.
Israeli Forex brokerage First Index CEO Baruch Toledano has been replaced by Hanan Tabakaro, according to a company filing. The broker has also secured Dave Barzilai as its new Vice President of Sales.
According to his Linkedin profile, Mr. Toledano was appointed CEO of First Index back in October 2014. He was acting as the company’s Risk Manager in tandem with this role.
Before joining First Index, originally as a business adviser, Mr. Tabakaro acted as managing director at two Hong Kong based companies - Loomes Intl. Hong Kong and Brinks Hong Kong.
First Index is one of six forex brokers authorized to on-board Israeli citizens, after it was granted a Trading Arena license by the Israeli Securities Authority (ISA) last September. The brokerage offers foreign Exchange , CFDs and commodity trading with the MetaTrader 4 platform.
After Israeli lawmakers gave the ISA the mandate to regulate the forex market, 21 firms applied for a license. The regulators rejected the applications of seven firms and six more withdrew their applications themselves. A few months after ATRADE, FXCM Israel, REAL FOREX, FIRST INDEX and Plus500 were given authorization to operate in Israel, TGL Colmex Capital joined the list.
With its new local license, TGL Colmex Capital increases its presence in the Israeli forex market by acquiring its rival forex brokers Matach24 and Protarde, which were still in the licensing process as the Israeli markets consolidated.
Finance Magnates has reached out to First Index for a comment and will update the article when one is received.
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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