Previously known as AscendX Capital, the Forex prop firm has officially rebranded as QuantTekel and is transitioning into a full brokerage service. The firm, which has been operational since November 2023, recently announced the name change and its expanded service offerings via a social media post on X (formerly Twitter).
QuantTekel Expands Its Brokerage and Prop Trading Services
AscendX Capital, now QuantTekel, had been hinting at significant changes in recent months. In its recent announcement, the firm expressed excitement about the rebranding and confirmed that the migration process for existing clients is well underway.
“We are thrilled to share that our rebranding is complete, and the transition is in full swing,” QuantTekel stated. The firm also hinted at upcoming product launches and service expansions but stopped short of revealing specifics. The focus, for now, seems to be on maintaining strong relationships with its current clients while preparing to introduce new offerings.
New Platform Developments and Futures Trading Integration
As QuantTekel expands its services, other industry players are also enhancing their capabilities. DXtrade XT, a trading platform utilized by brokers and prop firms, recently integrated Chicago Mercantile Exchange (XCME) futures contracts and real-time market data. This update allows brokers to create trading challenges and contests, adding a competitive edge to the prop trading experience.
Through the integration of DXfeed, DXtrade XT users can access live market data immediately after onboarding. This new feature enhances the user experience by offering seamless access to CME market data subscriptions and real-time trading updates.
More coverage: Press Release
