News Nuggets | 24 May: Hantec Markets’ Brand Ambassadors; FlexTrade Brings AI

FP Markets Expands FX Offering

FP Markets, an FX/CFDs broker, has enhanced its offering with the addition of several emerging foreign exchange (forex) markets. It came with "increased client demand for choice and flexibility."

The newly added currency pairs are the Mexican peso (MXN), Brazilian real (BRL), and South African rand (ZAR) against the US Dollar. With this addition, the broker now offers more than 70 currency pairs.

"The launch of the additional currencies is part of a wider effort by FP Markets to develop its Forex offering and deliver greater diversity when trading the FX market," said Craig Allison, FP Markets' CEO.

OCTA FX Adds More Crypto

The FX/CFDs broker, OCTA FX has added TRXUSD, thus further expanding its cryptocurrency offerings. TRX is the cryptocurrency of the Tron blockchain.

"TRXUSD is a popular high-cap cryptocurrency used on the TRON blockchain platform," the broker added. "With the addition of TRXUSD to our platform, our clients can diversify their investments and take advantage of the potential of this cryptocurrency on the market."

According to Coinmarketcap.com, TRX has a market cap of over $7 billion as of press time. However, the cryptocurrency faced backlash in the US as the Securities and Exchange Commission (SEC) labeled it as unregistered security and has brought a lawsuit against its Founder, Justin Sun.

eToro Enhances Aussie Stock Offerings

eToro is another broker to enhance its product offerings. It has added 44 new Australia-listed stocks to its platform. According to the broker, its customers can trade these stocks without paying any commission.

Last month, eToro inked a deal with Twitter to allow traders to trade stocks directly on the social media platform using the $Cashtag feature.

OKX Wallet Brings Limit Order

The decentralized crypto exchange on OKX Wallet has added a limit order feature. It will enable users to put a limit on the highest price they want to pay while purchasing and the lowest price they want to sell their holdings. The limit order is a common feature for centralized exchanges, but most decentralized exchanges still lack the feature.

Hantec Markets’ New Brand Ambassadors

FX/CFDs broker Hantec Markets has enhanced its presence in the racing track by signing Fittipaldi Brothers, Pietro and Enzo Fittipaldi, as the brand ambassadors. Last year, the broker inked a sponsorship deal with the Haas F1 Team.

"Like racing drivers, traders need speed, agility and specialist knowledge to maximize performance, making Hantec Markets and the Fittipaldi Brothers a perfect partnership," the broker stated in a social media post.

FlexTrade Brings AI to FlexTRADER EMS

FlexTrade Systems, which offers execution and order management systems, launched artificial intelligence-driven (AI) functionality within its flagship solution, FlexTRADER EMS. According to the company, the AI system will enhance the interaction of trading teams with their data and trading technology solutions.

"The introduction of OpenAI and ChatGPT is a revolutionary moment in consumer technology, and the speed at which we've incorporated it across FlexTRADER EMS is a milestone achievement," said Vijay Kedia, the CEO at FlexTrade Systems. "It enables traders to use natural language to rapidly interact, interrogate and understand data in the manner which makes the most sense to them."