Jakub Zablocki the CEO and co-founder of XTB has moved to focus on growing the group's newly launch institutional arm - XFSOL. Jakub managed the whole group from inception but now will solely focus on the institutional business in order to give it a boost. Jakub Maly will take over the retail part of XTB's business so this way there's a separation and different management of each arm.
We've announced XFSOL's launch last summer and Jakub spoke extensively to us about XTB's future plans insinuating that a major focus on technology is in progress.
When contacted by Forex Magnates XTB have issued the following statement:
As of 1st January 2013 Jakub Zablocki, the CEO and co-founder of XTB Group is now directly responsible for supervising the group’s institutional business, X Financial Solutions (xFSOL). Zablocki will focus on supervising the technology and institutional business development within XTB Group. The XTB retail arm of the group will be controlled by Jakub Maly, formerly responsible for central Europe and Turkish business.
Zablocki will team up with the Director of Institutional Business, Juan Jutgla, who directly supervises the development of the xFSOL business worldwide. Together they will oversee the growing demand for xFSOL’s service, which offers complete trading solutions to brokerage houses and banks around the world.
xFSOL’s mission is to create the complete trading solution for forex firms of all sizes. To achieve this xFSOL requires maximum devotion and complete separation from the retail forex business of the group.
xFSOL is excited about the imminent launch of its innovative new product: the X3 Open Hub. X3 is a new concept, a complete trading solution consisting of a multi asset web platform, social trading, trading apps marketplace, open API and much more. Everything is perfectly integrated into one trading environment. It also offers the latest in forex cloud technology, resulting in substantial savings to all broker clients using this technology.
Zablocki stated: “We believe that only a comprehensive, fully open and customizable trading solution has the chance to succeed in today’s environment. Our clients will have total independence of connecting to any Liquidity provider they choose and are also able to create proprietary front ends”. The official launch of the X3 Open Hub is planned for February.
