Exclusive: Tradency lets substantial number of employees go
Tradency, the developer of the Mirror Trader system and intuitive RoboX platform has made substantial redundancies, including senior level executives, marketing and sales personnel and many more across the organization
FinTech company Tradency, which developed the Mirror Trader automated signal and copy trading system in 2004, and subsequently designed the RoboX system which selects different and more appropriate strategies for traders to follow in order to engage them on a longer term basis, has let a substantial number of its workforce go this week.
The range of positions that have been made redundant, according to industry sources very close to the matter, consist of senior sales executives, as well as senior level members of staff in marketing and product development capacities.
Many of those who have now moved on have seen great developments at Tradency, including the positioning of the new RoboX system which was adopted by 12 large brokerages across the globe in just four months.
This is not the first wave of redundancies at Tradency that has taken place over the last few months, however despite the significant numbers involved, a testimony to the commitment of those professionals plus the ethos of Tradency as an employer in the genuine FinTech sector is that the majority of them, senior or otherwise, have dedicated longstanding tenures at the firm and will likely go on to be ambassadors for the corporate thought leadership that prevails at Tradency.
The exact amount of those who have left the firm was not confirmed via sources nor via contact with the firm itself, however its reduction in human resources has been substantial during the course of 2016, with this latest round of redundancies including key personnel at the top level of the firm.
Lior Nabat, CEO of Tradency last month applied his entrepreneurial and technological leadership credentials to a new representative position as he was elected President of the Israel Chapter of Entrepreneurs Organization, which he is responsible for alongside his leadership position at Tradency.
The Entrepreneurs’ Organization (EO) is a Global business network of over 12,000 leading entrepreneurs in 160 chapters and 50 countries. It was established as long ago as 1987 by a group of young entrepreneurs, and allows business owners to learn from each other, leading to greater business success and an enriched personal life.
