The forex trading platform Hantec Markets has promoted Michael O'Sullivan, the Head of Technology Strategy, to the role of Chief Technology Officer. O'Sullivan is an industry expert who has worked for several companies, including Infinox Global, ATFX UK, and CMC Markets.

O'Sullivan Steps into Key Role

Announcing his new role on LinkedIn, O'Sullivan mentioned: "I’m delighted to share that I’m starting a new position as Chief Technology Officer at Hantec Markets!" At INFINOX, O'Sullivan served as the Chief Technology Officer. He held the roles of Head of Project Management and Head of Partnerships Operations and Delivery at ATFX UK and CMC Markets, respectively.

Last year, Hantec Markets introduced proprietary trading services to enable traders to engage in live trading without the need for initial deposits. According to a report by Finance Magnates, this service allows traders to craft strategies, explore market dynamics, and make a profit with an initial balance of up to $200,000.

To qualify for a live trading account, traders must successfully complete either the "Enhanced Challenge" or the "Express Challenge." Upon completion, traders can access low commissions and spreads, utilizing MetaTrader 4 and MetaTrader 5 trading platforms. Hantec Trader operates under Hantec Markets, a brokerage firm regulated by the Financial Services Commission in Mauritius.

Hantec Markets

Hantec Markets experienced a surge of 7% in revenue in 2022, marking its second consecutive year of growth. The British arm of Hantec Markets, licensed by the Financial Conduct Authority, disclosed a rise in revenue to £5.76 million, up from £5.39 million in the previous year.

Lee Holmes, another seasoned executive from INFINOX, joined Hantec Markets as the Head of Institutional Sales. His appointment signaled the company's intent to strengthen offerings in the institutional markets following the launch of Hantec Prime.

Designed as a specialized trading platform, Hantec Prime serves institutional investors seeking exposure to forex and CFD markets. The platform aligns with a broader trend in the forex brokerage industry, where companies are increasingly diversifying their offerings to cater to institutional clients.