Simetria Names Ilan Steiner as Chief Operations Officer

Israeli digital securities Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, Simetria announced the appointment of the former director of currency and member of the executive management at the Bank of Israel, Ilan Steiner as the company’s new Chief Operations Officer (COO).

Ziv Keinan, CEO of Simetria expressed his happiness to welcome Steiner as the new COO because of his extensive experience in global financial regulations. The digital exchange aims to take advantage of the proven track record of Steiner related to domestic and global financial collaborations.

Steiner was named the global currency manager of the year in 2019 for his work in positioning the Bank of Israel as a world leader in currency innovation among 140 countries. During his time at the Bank of Israel, Steiner worked on several projects related to innovation and transformational change. Steiner also served as Deputy Director General at the Israel Competition Authority.

Commenting on the matter, Keinan said: “Dr. Steiner has tremendous experience in understanding the Israeli and global financial systems and relations with global institutions. That is what our team is focused on, bringing DLT advantages to Israel and the global financial system.”

“Dr. Steiner is a huge win for the Simetria team and for the Draper Goren Holm portfolio,” Alon Goren, Founding Partner of Draper Goren Holm and Simetria Investor said in a statement.

Expansion Plans

Simetria plans to expand partnerships in local and international markets to connect Israel with innovative technology providers worldwide. The joining of Steiner will help the digital exchange create value for local technology companies.

"I'm both eager and proud to join Simetria’s team as COO and look forward to working with CEO Ziv Keinan to realize the vision of becoming Israel's first digital exchange. Simetria is a pioneer in every aspect, I hold great confidence in its ability to deliver its mission and create significant value for local Israeli technology companies seeking Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, as well as for the financial institutions seeking to access the financial potential of investing in this sector," said Steiner.