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.

“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 Finance Magnates, 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.

“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, Finance
Magnates 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.