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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license. The company plans to launch an FCA registered brokerage, to be based in Canary Wharf, London.
DTT UK is expecting to launch in the summer of 2018.
DTT will offer FX and CFD trading via the MetaTrader 4 platform and FIX API for algorithmic traders, financial institutions and professional traders.
Walid Ead, founder of Direct Trading Technologies said to LeapRate:
DTT has been a pioneer of online trading in the Middle East since 2012. We continue to grow in the GCC region and plan to launch a rep office in Abu Dhabi in the coming year. We are excited for the next phase of our growth – expanding globally with regulatory licenses in the UK and Latam, in addition to our existing New Zealand FSP license.
In additional to MT4 and FIX API, DTT plans to launch DTT-Network, which is an application where clients can view and analyze the trading activity of various traders and fund managers, and DTT-Plus, a web-based login portal with real-time news, research, fundamental and technical analysis, and educational information – available in English, Spanish and Arabic.
Co-Founder and CEO of DTT UK, Michael Mirarchi stated:
Via regulatory licenses in the UK, LATAM, and APAC, we’re well positioned for global expansion. We’ve secured office space in London and are in the process of hiring our UK team. In parallel, we opened our Latin American office just last month. To complement our launch, we’ll be releasing two proprietary analytics platforms, DTT Network and DTT Plus.
The directors of the new UK company, to be called Direct Trading Technologies UK Limited, include the aforementioned Mr. Ead and Mr. Mirarchi, as well as Janet Akala. Ms. Akala is a senior finance and compliance executive, who has previously worked at MIG Bank’s UK arm, as well as at Deutsche Bank and JP Morgan.
The fast-expanding Direct Trading Technologies recently launched a LATAM Forex and CFD broker, DTT Español, regulated by the Superintendencia del Mercado de Valores de Panamá.