NADEX CEO Yossi Beinart Elected To Head Tel Aviv Stock Exchange
by
Andrew Saks McLeod
Today, Tel Aviv's Stock Exchange has today announced the appointment of NADEX executive Yossi Beinart as CEO of Israel's prestigious bourse.
Senior appointments within national stock exchanges are often the subject of large scale attention within the financial sector, especially if the venue concerned is held in high esteem.
Mr. Beinart replaces Esther Lebanon, having been elected this evening by the stock exchange's board members.
Mr. Beinart is a long-standing industry professional, and senior figure within North America's specialist executing venues, currently holding the position of CEO of Chicago-based NADEX, one of two dedicated binary options exchanges which are regulated by the National Futures Association.
The election of Mr. Beinart as CEO of the Israeli stock exchange was decided among strong competition from other potential candidates, including Dan Hazel, former chairman of MCM, and Jacob Rosen, a former senior executive at one of Israel's major financial institutions, Bank Hapoalim, who retired from the selection process at the last minute.
Mr. Beinart is well positioned to preside over the bourse, as a highly respected senior industry professional of high ethical standards, who is a senior international industry figure and arrives with a wealth of experience, all of which are a recipe for success.
According to Israel's national financial news source Calcalist, Mr. Rosen withdrew his candidacy due to a possible conflict of interest with other business ventures.
Mr. Beinart will be charged with the role of rejuvenating the Tel Aviv Stock Exchange, which is a prestigious position, with the State of Israel's economy in extremely good condition subsequent to Bank of Israel governor Professor Stanley Fischer having implemented a series of extremely astute policies which kept Israel immune from global financial crises. The country until today remains an economic powerhouse with a very strong and efficient financial markets economy and remains one of the best places in the entire world in which to do business.
On the announcement of Mr. Beinart's appointment, Israel Securities Authority chairman Shmuel Hauser explained publicly that the stock market is "a major and significant venue and a major contributor to the success of the economy of Israel, and I believe that together with the staff of the Stock Exchange, its management and the board we can meet important tasks which rest upon our shoulders."
Temporary chairman of the Stock Exchange , Ron Malka , further explained that Mr. Beinart has "experience and skills which are very well matched to the major challenges facing the stock market at this time."
Mr. Hauser, heading Israel's financial markets regulatory authority, welcomed the appointment of Mr. Beinart as Tel Aviv Stock Exchange's CEO and wished him success in his position : "I have no doubt that Mr. Beinart has the ability to lead the Israeli stock exchange to new highs and position it as a generator of economic growth as one of the major pillars of industry in Israel. I'm sure Mr. Beinart can progress the Tel Aviv Stock Exchange and ensure that it remains innovative and sustainable, with much higher trading volumes than we ever knew."
In the current Forex Magnates Quarterly Industry Report for Q3 of 2013, Mr. Beinart, along with his contemporaries, feature in a full and detailed research which investigates the structure and business model required, as well as the regulatory precursors regarding the operating of exchange-based binary options businesses in the United States. To purchase the report, click here.
Senior appointments within national stock exchanges are often the subject of large scale attention within the financial sector, especially if the venue concerned is held in high esteem.
Mr. Beinart replaces Esther Lebanon, having been elected this evening by the stock exchange's board members.
Mr. Beinart is a long-standing industry professional, and senior figure within North America's specialist executing venues, currently holding the position of CEO of Chicago-based NADEX, one of two dedicated binary options exchanges which are regulated by the National Futures Association.
The election of Mr. Beinart as CEO of the Israeli stock exchange was decided among strong competition from other potential candidates, including Dan Hazel, former chairman of MCM, and Jacob Rosen, a former senior executive at one of Israel's major financial institutions, Bank Hapoalim, who retired from the selection process at the last minute.
Mr. Beinart is well positioned to preside over the bourse, as a highly respected senior industry professional of high ethical standards, who is a senior international industry figure and arrives with a wealth of experience, all of which are a recipe for success.
According to Israel's national financial news source Calcalist, Mr. Rosen withdrew his candidacy due to a possible conflict of interest with other business ventures.
Mr. Beinart will be charged with the role of rejuvenating the Tel Aviv Stock Exchange, which is a prestigious position, with the State of Israel's economy in extremely good condition subsequent to Bank of Israel governor Professor Stanley Fischer having implemented a series of extremely astute policies which kept Israel immune from global financial crises. The country until today remains an economic powerhouse with a very strong and efficient financial markets economy and remains one of the best places in the entire world in which to do business.
On the announcement of Mr. Beinart's appointment, Israel Securities Authority chairman Shmuel Hauser explained publicly that the stock market is "a major and significant venue and a major contributor to the success of the economy of Israel, and I believe that together with the staff of the Stock Exchange, its management and the board we can meet important tasks which rest upon our shoulders."
Temporary chairman of the Stock Exchange , Ron Malka , further explained that Mr. Beinart has "experience and skills which are very well matched to the major challenges facing the stock market at this time."
Mr. Hauser, heading Israel's financial markets regulatory authority, welcomed the appointment of Mr. Beinart as Tel Aviv Stock Exchange's CEO and wished him success in his position : "I have no doubt that Mr. Beinart has the ability to lead the Israeli stock exchange to new highs and position it as a generator of economic growth as one of the major pillars of industry in Israel. I'm sure Mr. Beinart can progress the Tel Aviv Stock Exchange and ensure that it remains innovative and sustainable, with much higher trading volumes than we ever knew."
In the current Forex Magnates Quarterly Industry Report for Q3 of 2013, Mr. Beinart, along with his contemporaries, feature in a full and detailed research which investigates the structure and business model required, as well as the regulatory precursors regarding the operating of exchange-based binary options businesses in the United States. To purchase the report, click here.
Institutional FX Demand Continues to Climb in April
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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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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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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