Exclusive: Piotr Drzewiecki and Malik Khan Lead X Open Hub as It Pushes Forward with New Strategy
by
Adil Siddiqui
X Open Hub formulates new strategy that aims to reposition the business. Management reshuffles and new product launches support the technology firm as it embraces phase-two of its corporate objectives.
X Open Hub (XOH) has reported to Forex Magnates that Piotr Drzewieck will be spearheading the technology and Liquidity solutions provider. He will be accompanied by Malik Khan, who has assumed the role of Sales Director, the move coming 22 months after Jakub Zablocki, CEO and founder of XTB, the group's company behind XOH, took charge.
X Open Hub adopted the new changes after it had successfully established its software and liquidity business. The firm told Forex Magnates that it services over fifty brokerage firms, and XOH’s revenues contribute to 20% of the group’s total earnings.
Forex Magnates has learned from sources that a number of individuals have left XOH’s UK office during the restructuring of the business, including sales and business development staff members.
As part of the company's new framework Mr. Zablocki will be moving back to Warsaw, the group’s headquarters.
"As XOH is not a start-up any more, it does not require my direct attention. What's more, as founder of XTB group, I have to concentrate on the group’s wider strategy.
That is why I have passed the direct supervision of our institutional business to my deputy, Piotr Drzewiecki and Malik Khan who has been promoted to a sales director position,” explained Mr. Zablocki.
Forex Magnates believes Mr. Zablocki’s return to Poland could be a sign that the group is looking to further extend its current operation, as with over 12 years of market experience as a profitable business, it is in the sound position of exploring new routes, such as being a publicly listed firm.
XOH is the institutional arm of XTB, a Polish origin financial services firm. XTB, the main retail unit, was set up in 2002. The firm was a leader in the domestic Polish market and it expanded its global foothold across Europe and is regarded as one of the largest overseas FX and CFD providers in Germany.
XOH
X Open Hub offers industry participants an open source technology solutions. The firm developed its own web-based Trading Platform called xStation in-house. The trading platform comes fully equipped with algorithmic trading facilities and functions that enable third-party developers to create viable add-ons and plug-ins.
XOH also reported during an emailed interview, that its xStation platform has download capabilities, thus offering users multiple ways to access and trade the markets.
Malik Khan added: “We have just released the desktop version of xStation platform so our clients can enjoy the full spectrum of products, desktop, web, tablet and mobile. The firm’s current focus is mainly on enhancing the back-end and the number of mobile applications.”
The Future of Trading Platforms
The retail FX platform market has been dominated by a few players, namely MetaQuotes, the firm behind the popular MetaTrader 4 platform. However, with the advent of open source technologies, new providers have stepped in as they aim to offer alternatives to investors.
Mr. Drzewiecki concluded: “In January we plan to release completely brand new mobile apps which I am sure will set the new standard on the market.
The big development push is on our liquidity solutions as we see big demand from our clients for multi-asset liquidity.”
Through open trading platforms, traders can benefit from a number of applications that can support them in their trading strategies and make informed trading decisions, thus simplifying the use of third-party programmes.
X Open Hub (XOH) has reported to Forex Magnates that Piotr Drzewieck will be spearheading the technology and Liquidity solutions provider. He will be accompanied by Malik Khan, who has assumed the role of Sales Director, the move coming 22 months after Jakub Zablocki, CEO and founder of XTB, the group's company behind XOH, took charge.
X Open Hub adopted the new changes after it had successfully established its software and liquidity business. The firm told Forex Magnates that it services over fifty brokerage firms, and XOH’s revenues contribute to 20% of the group’s total earnings.
Forex Magnates has learned from sources that a number of individuals have left XOH’s UK office during the restructuring of the business, including sales and business development staff members.
As part of the company's new framework Mr. Zablocki will be moving back to Warsaw, the group’s headquarters.
"As XOH is not a start-up any more, it does not require my direct attention. What's more, as founder of XTB group, I have to concentrate on the group’s wider strategy.
That is why I have passed the direct supervision of our institutional business to my deputy, Piotr Drzewiecki and Malik Khan who has been promoted to a sales director position,” explained Mr. Zablocki.
Forex Magnates believes Mr. Zablocki’s return to Poland could be a sign that the group is looking to further extend its current operation, as with over 12 years of market experience as a profitable business, it is in the sound position of exploring new routes, such as being a publicly listed firm.
XOH is the institutional arm of XTB, a Polish origin financial services firm. XTB, the main retail unit, was set up in 2002. The firm was a leader in the domestic Polish market and it expanded its global foothold across Europe and is regarded as one of the largest overseas FX and CFD providers in Germany.
XOH
X Open Hub offers industry participants an open source technology solutions. The firm developed its own web-based Trading Platform called xStation in-house. The trading platform comes fully equipped with algorithmic trading facilities and functions that enable third-party developers to create viable add-ons and plug-ins.
XOH also reported during an emailed interview, that its xStation platform has download capabilities, thus offering users multiple ways to access and trade the markets.
Malik Khan added: “We have just released the desktop version of xStation platform so our clients can enjoy the full spectrum of products, desktop, web, tablet and mobile. The firm’s current focus is mainly on enhancing the back-end and the number of mobile applications.”
The Future of Trading Platforms
The retail FX platform market has been dominated by a few players, namely MetaQuotes, the firm behind the popular MetaTrader 4 platform. However, with the advent of open source technologies, new providers have stepped in as they aim to offer alternatives to investors.
Mr. Drzewiecki concluded: “In January we plan to release completely brand new mobile apps which I am sure will set the new standard on the market.
The big development push is on our liquidity solutions as we see big demand from our clients for multi-asset liquidity.”
Through open trading platforms, traders can benefit from a number of applications that can support them in their trading strategies and make informed trading decisions, thus simplifying the use of third-party programmes.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔