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TraderTools names Andrew P. Levine as CEO

New York, NY October 31 , 2016

TraderTools Inc. (www.tradertools.com), the eFXperts today announced the appointment of Andrew P. Levine as CEO and a member of its Board of Directors. Mr. Levine brings extensive fintech and capital markets experience in the US, UK and EMEA, and will join Yaacov Heidingsfeld, Co-founder and President to lead TraderTools through its next growth phase.

Mr. Levine joins TraderTools from SpeedRoute and tØ, subsidiaries of Overstock (NASDAQ:OSTK) and leaders in US equity order routing and blockchain technology where he was the Chief Revenue Officer. Previously, Mr. Levine held positions at The Bank of New York Mellon (NYSE:BK) including head of Global Product Management and EMEA Relationship Management for the American Depositary Receipt (ADR) Division. While at ConvergEx, an affiliate of The Bank of New York Mellon, he was an Executive Committee member and grew its ADR Brokerage businesses to over 100 clients with market access to 35 countries.
“Mr. Levine’s executive background and operating experience, along with his successful track record adding value for institutional clients, augments TraderTools’ management team as the foreign exchange market continues to evolve. We are excited about the added depth and experience Andy brings to TraderTools” said Joe Allegra, general partner at Edison Partners and Chairman of TraderTools.
In June of this year, TraderTools launched its Unique Liquidity Network (ULNtm) to address changes in the FX marketplace that have produced a liquidity gap and tightening of credit. The ULN leverages TraderTools’ core technology infrastructure to provide a single liquidity pool in emerging and underserviced local market currencies from both non-bank and regional bank market makers – with fully disclosed, relationship based prices. Market makers on TraderTools ULN have a strong presence in emerging and local market currencies such as the Turkish Lira, the South African Rand, the Scandinavian Kroner, Central European currencies, and the Russian Ruble. In 2017 new markets will be added to ULN.
“The TraderTools team has made tremendous progress with its ULN in a short period. Foreign exchange is rapidly changing and it is an exciting time to continue to add new value for our clients and grow our business.” said Andrew Levine. Mr. Heidingsfeld added further: “I look forward to working closely with Andy. His background and experience opens new opportunities for TraderTools, and his addition to tfahe management team allows me to focus my full time on expanding participation in our ULN, and designing and implementing solutions that work for our customers.”
About TraderTools
TraderTools delivers one of the industry’s most advanced and innovative FX trading platforms. Banks, Brokerages and the buy-side use TraderTools as the foundation of their FX businesses, for quicker time to market, better execution and higher profit. TraderTools delivers traditional (Bank), alternative (non-bank) and local market liquidity – with true relationship pricing – both price and execution aggregation – in an out-of-the-box SaaS solution.
TraderTools, Unique Liquidity Network, and the tagline “The eFXperts” are trademarks of TraderTools Inc.
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