Exclusive: AvaTrade Appoints David Drazin as CEO

Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term brokerage AvaTrade has onboarded a new CEO, the company has shared with Finance Magnates. David Drazin will be joining the company from NASDAQ traded software provider Amdocs.

The move comes at a time when the industry is getting reshaped by regulatory challenges. Mr Drazin has been at the forefront of the technological development of Amdocs, holding various senior positions throughout his 21 year tenure at the company.

[gptAdvertisement]

The firm where Mr Drazin comes from has been a software and services provider to over 300 communications, cable, entertainment and media service providers. The company’s operations and clients are all over the globe with offices in Brazil, Canada, Cyprus, India, Ireland, Israel, Mexico, the Philippines, the United Kingdom, and the USA.

Mr Drazin brings with him vast knowledge in management, marketing, sales and mostly technology.

Commenting to Finance Magnates on his plans he said: “AvaTrade sees technology as an answer to the customer’s needs, and wants to use the newest and most cutting-edge technology out there to improve its business.”

The company’s management has hired Mr Drazin to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term his experience in international business, his knowledge of customer needs and his technological savvy to take the company to the next level.

Mr Drazin is taking the helm at a difficult time for the industry. The regulatory landscape across Europe is shifting, while the US market could see better times under a president Trump with his promise to repeal the Dodd-Frank act.

Drazin was introduced as acting CEO in June earlier this year, however he began assuming his duties only recently.

“I joined a respected company with a successful history and great management team led by Daire Ferguson, and I see our future together as even better and greater. I have a clear mandate from the board to grow the Company expotentially.“ Mr Drazin elaborated.