Hantec Markets Limited, a UK-based brokerage, has disclosed plans to launch Hantec Prime, its forex and CFDs trading offering for institutional investors. Ahead of the launch, the brokerage has hired Lee Holmes, a former Member of the Executive Management team of rival INFINOX Global, as its Head of Institutional Sales.

Hantec Markets Plans for Hantec Prime

In a press statement shared with Finance Magnates on Tuesday, the brokerage explained that Holmes will spearhead efforts to build out and manage its business development activities across the global markets. Holmes joins the broker with more than 12 years of forex and derivatives industry experience.

In the past years, he worked as a Director at brokerages ATFX, Zenfinex and ForexVox and also served at FXCM. In his last role at INFINOX Global, the executive handled the sourcing and tailoring of FX and CFDs liquidity solutions to the brokerage’s institutional clients.

Before INFINOX, Holmes spent a five-month stint as a Business Development Director at NADclinic, a regenerative and preventative health centre. However, before that, he served as the Director of Institutional Sales at brokerage ATFX UK for two months and as the Director of Sales at online trading provider, Zenfinex, for over a year.

Furthermore, between October 2019 and July 2020, he worked as a Director at London-based broker, ForexVox. In addition, he spent over five years at FXCM, serving in various roles including forex and derivatives, institutional and introducing broker sales and product management.

Holmes to Help Grow Hantec Prime

Speaking on Holmes’ appointment, Hayel Abu Hamdan, Hantec Markets’ Chief Commercial Officer, noted that the brokerage sought an expert with experience in both retail and institutional forex and CFD trading for the role.

“Given Lee’s experience, he was the obvious choice for helping us build strong relationships and drive our growth within the institutional community and we’re thrilled to welcome him onboard,” Hamdan noted.

“Hantec has 33 years of history behind them and I can’t wait to see how Hantec Prime grows online with that,” Holmes wrote in a LinkedIn post, announcing his appointment at Hantec Markets.

Meanwhile, in recent months, at least two brokerages have expanded into forex prime brokerage. Last month, California-based Wedbush Securities expanded into FX prime brokerage, moving beyond its traditional securities brokerage, wealth management and investment banking services.

As part of the move, the financial services provider tapped ex-Jeffries executives to build the service, with Michael Stone, a former Vice President at Jefferies Bache, as the Senior Vice President of FX Prime Brokerage. Moreover, it named Matt Lisle as its new Chief Compliance Officer.

In November last year, Sydney-based multi-asset broker, Vantage launched Vantage Connect, its institutional arm targeted at providing liquidity services to institutions and corporates in the United Kingdom.

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