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Spotware Opens Malaysia Office, Hires New Exec to Capitalize on Asian Trading Boom

Thursday, 03/04/2025 | 07:46 GMT by Damian Chmiel
  • The developer of the cTrader trading platform has established a new hub in Kuala Lumpur to strengthen its presence in the local market.
  • The expansion aims to provide localized support to brokers, prop firms and retail traders.
spotware
Spotware opens Malaysia office, appoints new executives to capitalize on Asian trading boom

Trading technology provider Spotware has opened a new office in Kuala Lumpur, Malaysia, expanding its operations in the Asian financial markets. The developer of the popular cTrader trading platforms has established a team focused on business development, sales, and marketing to service brokers, proprietary trading firms, and traders throughout the region.

Spotware Establishes Malaysia Office in Asian Expansion

The expansion comes as Malaysia continues to emerge as an attractive hub for retail brokerage operations, positioned strategically near Singapore's established financial center.

Ilia Iarovitcyn, CEO of Spotware.
Ilia Iarovitcyn, CEO of Spotware

“By establishing a strong presence in the Asian region, we're not only bringing our cutting-edge cTrader technology closer to brokers, prop firms and traders but also strengthening our ability to deliver localized support and tailored solutions,” said Ilia Iarovitcyn, CEO of Spotware.

According to the press release sent to FinanceMagnates.com, the Kuala Lumpur office will provide client engagement, training, and technical support services to help Asian financial firms integrate cTrader's platform.

New Office and New Commercial Director

Moreover, Michael Quirk, who has previously worked for companies such as ForexVox, SquaredPro, X Open Hub, and Saxo, has been appointed as Commercial Director to lead the new office.

Michael Quirk, Commercial Director at Spotware
Michael Quirk, Commercial Director at Spotware

“The Asian market holds immense potential and we are eager to contribute to its growth by providing cutting-edge trading technology and localized support,” Quirk said. “With cTrader, we aim to redefine the trading landscape for CFD brokers and prop trading firms in the region.”

In the past, he was also associated as Sales Director with ThinkLiquidity, a risk management solution provider that expanded its operations to the UK.

Updates to cBroker and cTrader Platforms

Last week, a trading platform provider announced the release of cBroker v9.4, an update to its back-office system designed for brokers. This new version brings several enhancements to improve platform management, risk oversight, and operational performance.

A standout feature is the symbol split tool, which enables brokers to manage stock splits by closing and reopening positions in Book B. Plans are in place to expand this capability to Book A in future updates. The “Split Symbol” wizard streamlines what used to be manual processes, making stock split management simpler and less time-consuming.

Just prior to this, the latest cTrader version, 5.1, hit the market. With more traders relying on mobile devices for quick market access, cTrader has focused on enhancing its mobile platform to deliver top-tier reliability, speed, and user-friendliness. Built with a mobile-first mindset, this update allows traders to carry out their strategies seamlessly, ensuring a consistent and dependable experience no matter where they are.

Meanwhile, FinanceMagnates.com exclusively reported that Denis Kiselev has stepped down from his position as Chief Product Officer at Spotware Systems, the company behind cTrader, after serving for over a year. He initially joined the tech firm in January 2024.

Trading technology provider Spotware has opened a new office in Kuala Lumpur, Malaysia, expanding its operations in the Asian financial markets. The developer of the popular cTrader trading platforms has established a team focused on business development, sales, and marketing to service brokers, proprietary trading firms, and traders throughout the region.

Spotware Establishes Malaysia Office in Asian Expansion

The expansion comes as Malaysia continues to emerge as an attractive hub for retail brokerage operations, positioned strategically near Singapore's established financial center.

Ilia Iarovitcyn, CEO of Spotware.
Ilia Iarovitcyn, CEO of Spotware

“By establishing a strong presence in the Asian region, we're not only bringing our cutting-edge cTrader technology closer to brokers, prop firms and traders but also strengthening our ability to deliver localized support and tailored solutions,” said Ilia Iarovitcyn, CEO of Spotware.

According to the press release sent to FinanceMagnates.com, the Kuala Lumpur office will provide client engagement, training, and technical support services to help Asian financial firms integrate cTrader's platform.

New Office and New Commercial Director

Moreover, Michael Quirk, who has previously worked for companies such as ForexVox, SquaredPro, X Open Hub, and Saxo, has been appointed as Commercial Director to lead the new office.

Michael Quirk, Commercial Director at Spotware
Michael Quirk, Commercial Director at Spotware

“The Asian market holds immense potential and we are eager to contribute to its growth by providing cutting-edge trading technology and localized support,” Quirk said. “With cTrader, we aim to redefine the trading landscape for CFD brokers and prop trading firms in the region.”

In the past, he was also associated as Sales Director with ThinkLiquidity, a risk management solution provider that expanded its operations to the UK.

Updates to cBroker and cTrader Platforms

Last week, a trading platform provider announced the release of cBroker v9.4, an update to its back-office system designed for brokers. This new version brings several enhancements to improve platform management, risk oversight, and operational performance.

A standout feature is the symbol split tool, which enables brokers to manage stock splits by closing and reopening positions in Book B. Plans are in place to expand this capability to Book A in future updates. The “Split Symbol” wizard streamlines what used to be manual processes, making stock split management simpler and less time-consuming.

Just prior to this, the latest cTrader version, 5.1, hit the market. With more traders relying on mobile devices for quick market access, cTrader has focused on enhancing its mobile platform to deliver top-tier reliability, speed, and user-friendliness. Built with a mobile-first mindset, this update allows traders to carry out their strategies seamlessly, ensuring a consistent and dependable experience no matter where they are.

Meanwhile, FinanceMagnates.com exclusively reported that Denis Kiselev has stepped down from his position as Chief Product Officer at Spotware Systems, the company behind cTrader, after serving for over a year. He initially joined the tech firm in January 2024.

Topics
malaysia
ctrader
Spotware
About the Author: Damian Chmiel
Damian Chmiel
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About the Author: Damian Chmiel
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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