Exclusive: Hantec Markets’ Hayel Abu-Hamdan talks about LATAM expansion, market expectations for 2023 and more

LR: Hantec Markets expanded in LATAM with a new Chile office in October last year. What does that mean for the company?

Hayel: Our expansion into LATAM is the latest example of our company’s continued commitment to develop as a global brand and enter markets where we can educate and support those who want to take responsibility for their financial future and freedom.  We are expanding into LATAM to better service our current and growing client base. Having an office in local time zones with teams that speak local languages is key for instilling confidence in our clients. We’ve recently hired our LATAM Regional Manager, who joined us from a senior role at Banco Santander and who will help aid our client relations. Chile has experienced a fintech boom in recent years, therefore moving into one of the leading financial centers in the region has been the perfect fit for us.

LR: We understand that you are planning further expansions, tell us more about that.

Hayel: We’re constantly looking and analyzing opportunities to further expand. We currently have a team in place carrying out research in various regions including Asia and Africa, where we believe our client centric approach and 33-year-old heritage can provide us with the foundations of solid growth.

LR: 2022 was a volatile year with challenging market conditions, what do you expect for 2023?

Hayel: Although 2022 provided volatility in global markets, it also presented opportunities for traders to profit from such moves. In 2023 we anticipate traders developing and changing their trading strategies as markets fluctuate.  We believe that precious metals will be of interest, specifically gold as a safe haven asset. Due to macroeconomics and geopolitical conflicts, the landscape has been ever changing. That combined with new emerging tech has created a perfect landscape for traders to test out new strategies. Additionally, due to the flux in the market, investors have been attempting to diversify their portfolios to include safe haven assets such as gold, the US Dollar and the Swiss Franc. We have observed our clients ‘increased trading activity in these assets and we believe this will continue into 2023.

These expectations are in addition to the continuing trend of growth within emerging markets such as Asia and Africa. This rapid growth makes it even more important to continue providing education within these markets.

LR: What can we expect from Hantec Markets in the near future?

Hayel: As a client driven business, we’re committed to providing our customers with the best tools to empower financial freedom. With this in mind, we have a lot up our sleeve for the year ahead that will be beneficial to our customers. One thing we’re developing is a mobile application and website so our customers can trade on the go. We’re also looking to launch new products and tools that aid in increasing liquidity pools. Additionally, we’re looking forward to building on our partnership with the Moneygram Haas F1 Team.

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