NEW YORK, December 2 /PRNewswire/ -- TraderTools Inc. (TraderTools), a provider of business solutions, software and services to financial institutions trading FX, announced today that company Chairman and Chief Executive Officer (CEO), Martin S. Fawer, has decided to step down from his post as CEO but will continue to serve as the company's Chairman of the Board. In his stead, TraderTools' Chief Operating Officer (COO), Yaacov Heidingsfeld has been appointed CEO.

Under Fawer's nine years of leadership, TraderTools has grown from a small start-up into a leading technology company providing unique and robust FX trading platforms to some of the world's largest financial institutions.

Co-founder Fawer commented, Now that the company is firmly established and has a strong transactional orientation, the time has come to hand the controls over to Yaacov Heidingsfeld, my co-founder and COO. The Board and I believe that Yaacov possesses the trader mentality and leadership qualities necessary to bring TraderTools to the next level.

Without Marty, there would be no TraderTools, period, emphasized Heidingsfeld. As CEO, I look forward to working closely with the Chairman to realize our goal of becoming the world's leading provider of FX trading business solutions, software and services.

About TraderTools

TraderTools(TM) Inc. is a provider of business solutions, software and services to financial institutions trading FX. TraderTools' Liquidity Management Platform(TM) is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution. Our unique Dynamic Liquidity Manager(TM) monitors and controls inward and outward liquidity flows, making pricing and execution decisions in real time. We empower banks to maintain their leadership positions in FX with a single deployment and a single point of contact. And we work together with them to activate functionality according to their business strategy and timetable. Learn why the world's financial services giants are using TraderTools, powered by Smart Trade, to better manage their liquidity and optimize their FX trading operations, by visiting or emailing us at

TraderTools, Liquidity Management Platform, Dynamic Liquidity Manager and the tagline The eFXperts are trademarks of TraderTools Inc.

SOURCE: TraderTools Inc.

CONTACT: Ian Tick, Director, Marketing, TraderTools, Inc.,+972-9-740-8880,