Australian forex and CFD broker FP Markets has launched Mottai, a platform designed specifically for sophisticated 

Australian day traders. Built for low latency and dynamic order management, it’s a technology solution aimed at 

providing institutional-grade capabilities at retail prices – addressing a significant gap for this underserved segment 

of the trading community.

Developed in partnership with Mottai a wholly owned subsidiary of software company FlexTrade Systems, Mottai is 

a multi-asset execution system optimised for web technology. It was originally conceived for the demands of institutional 

trading. The partnership seeks to leverage FlexTrade's institutional technology expertise and FP Markets' experience in 

supporting retail clients.

“Australia's smaller day trading market, especially when compared to larger markets such as the US, has long been under

served in terms of advanced trading technologies,” says FP Markets' chief executive for APAC, Nick Twidale.

“Large international platform providers don’t tailor solutions for local traders,” he says. “And established local players have 

no incentive to cater to this dedicated but numerically small number of active traders.”

The aim with Mottai, says Twidale, is to provide the advanced platform features clients have been “crying out for” in a land

scape where they are already at a disadvantage compared with institutional market participants who have access to superior 

technology solutions.

"We are thrilled to have partnered with FP Markets to launch Mottai Trader in Australia. This is a direct response to the over

whelming demand from Australian Investors and offers active traders a superior trading platform that's tailored to their 

needs," said James Hammond VP Business Development APAC at FlexTrade Systems. "Our partnership with FP Markets 

and the Australian trading community has been integral to the localization of Mottai Trader, and we're excited to set a new 

standard for excellence and innovation in the trading industry."

Mottai offers features in two main categories. The first is the foundational technology of the platform. It uses advanced multi

-level caching technology to deliver a web-based solution that is smooth, responsive, and offers low latency. The second is 

about dynamic order management, which includes features that allow skilled traders to manage and execute orders efficiently 

across multiple securities simultaneously.

Mottai’s features cater to clients looking for moves during the day, trading on announcements of earnings reports, and examining 

charts more technically. “They’re looking at fundamentals on a shorter-term basis,” says Twidale.

This contrasts with the needs of most Australian retail investors who work on longer timeframes and “just want to hit the buy 

and sell button”, says Twidale. “Institutional markets always have great technology. However, these guys are in the middle – they 

want institutional capability at retail prices,” he says.

Mottai’s order management offers fast amend functions for both order price and quantity within an advanced order pad that 

uses tabbing logic. Traders can also highlight one or multiple orders and act on multiple orders simultaneously. There’s also 

single-click order cancellation through the order pad and multi-order cancellation kill switches. A new order type, parked 

orders, has been introduced for traders to fill out order tickets in advance of a trading opportunity. These then sit in the order 

pad in a parked stage. With one click, the trader can send either single or multiple parked orders into the market as needed.

User-customisable order tickets can be embedded in the trader’s workspace or set to floating for convenience. All tickets have 

full tabbing logic and support a range of order entry types such as limit, market, buy/sell stop, One Cancels Other (OCO) orders 

and multi-leg “if done” OCOs. One-click trading — with or without order confirmation — is available through the trading POD 

component. This can also be added to the charts.

Mottai supports keyboard-friendly trading. Default hotkeys can be used to open widgets quickly and navigate through the platform. 

Traders can employ custom hotkeys that correspond to unique order ticket configurations that suit their trading style.

Users can stay well-informed with access to live ASX news and downloadable PDF documents. There’s also access to a range of 

depth, price and news alerts.

FP Markets' launch of Mottai comes at a time when IRESS, the longstanding dominant force in the Australian broker-neutral platform 

space, has phased out its widely used Trader platform. 

This platform had become a staple for many traders. However, its replacement caters more to passive investors, says Twidale, rather 

than high-volume, volatility-seeking day traders. As a result, it may not offer the intricate features and control that sophisticated 

traders demand.

Initially, Mottai will offer Direct Market Access (DMA) CFDs on the ASX. This provides traders with a genuine exchange price feed and 

full level-2 market depth. Consequently, traders' orders will be immediately hedged in the underlying market, ensuring price transparency. 

This alignment between the interests of both traders and FP Markets means the broker does not benefit from client losses on DMA CFD 

trades.

FP Markets is also looking to introduce FX and Index price feeds. Based on client demand, it may look to add other international equity 

exchanges offered on other platforms, such as the New York Stock Exchange (NYSE), Nasdaq (NAS) and the London Stock Exchange (LSE).