Leverate Promotes Idan Stambulchik To Head Of Product To Advance Strategic Growth
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Leverate, a technology provider for forex and prop trading firms, has promoted Idan Stambulchik to Head of Product. Before this role, he worked as the Product Lead for a few months.
As shown on his LinkedIn profile, he joined Leverate as a Product Manager after working at cybersecurity company ThriveDX. There, he held multiple roles, including Content Development Team Lead, Cyber Security Instructor, Penetration Tester, Cyber Training Team Lead, and later Product Manager.
Leverate Aims To Boost Trading Experience And Expand Global Footprint
In other leadership news, HF Markets (HFM) has brought on Ahmad Qutaishat as its new Senior Business Development Manager, as the company continues to grow in new regions.
Qutaishat used to be Vice President of Sales at ATFX MENA and brings over six years of experience in financial services. He has also held senior roles at various brokerages across the Middle East and North Africa.
Recently, Leverate teamed up with TradingView to add new charting tools to its platform. This update gives users access to detailed visual analysis tools at no extra cost.
Leverate’s Chief Commercial Officer, Shmulik Kordova, said this move shows the company’s promise to offer strong trading tools to brokers and trading firms.
Leverate has also been expanding its presence in newer markets, including setting up an office in Dubai. This adds to its existing locations in Tel Aviv, London, Shanghai, Bucharest, and Limassol.
The company provides software services for forex brokers, helping with trading platforms and back-end systems. Its offices are spread across Cyprus, Hong Kong, Israel, Ukraine, China, Poland, Bulgaria, and Germany.
Leverate Wants To Deliver Smarter Tools And Broader Services For Brokers Worldwide
Leverate was founded by Itai Damti, Doron Cohen, and Doron Somech, who first worked on a fully automated trading system. That project later became a price feed tool to help brokers avoid losses from delays in data.
The company got early investment support from Jacques Beer, Chief Executive Officer of Tempo Beverages. One of its first big tools, LXFeed, offered fast and accurate market data, especially helpful for brokers who didn’t have a strong grasp of market conditions.
Over time, Leverate shifted its focus to software services (SaaS) and added more tools like risk management systems and mobile trading apps. The company also grew its team and reached new markets, including setting up branches in Asia and Eastern Europe.
Later on, Leverate bought back a part of its company from Saxo Bank and introduced new services such as regulatory consulting, certification programs, and upgraded trading platforms.
