Devexperts, a software solutions provider catering to
financial firms, has unveiled plans for an update to its flagship offering,
DXtrade XT. This new version introduces notable enhancements aimed at supporting
its capabilities in the trading arena.
Among the key upgrades is the platform’s newfound ability to
facilitate trading in assets denominated in multiple currencies, a feature
intended to provide brokers with broader trading opportunities.
According to the firm, with the increasing popularity of
multi-market and multi-currency platforms on a global scale, this update is set
to cater to the needs of the financial industry. Initially designed to facilitate trading in US equities and
equity options denominated in USD, DXtrade XT has undergone enhancements to
accommodate trading activities in diverse markets across different currencies.
The forthcoming release will mark the soft launch of EU equity (stocks and
ETFs) trading on the platform, with plans for a full-scale production launch
contingent upon integration with an executing party chosen by the brokers
adopting DXtrade XT as their primary trading technology.
Michael Babushkin, Global CEO of Devexperts, said: “As we
introduce the latest upgrades to DXtrade XT, we are providing brokers with the
capability to trade in multiple markets and currencies allowing them to
navigate global markets with greater ease. With multi-currency support, DXtrade
XT extends our platform’s reach and reinforces our dedication to offering the
tools needed for brokers to succeed in a competitive industry.”
DXtrade Platform Surges in Popularity
In light of recent reports of a purported crackdown by
MetaQuotes on proprietary trading firms, Devexperts’
DXtrade platform has emerged as an alternative. As reported by
Finance Magnates. Many prop trading firms, regardless of size, have opted to
integrate DXtrade in response to the perceived pressure to transition away from
MetaTrader platforms.
“We have seen a large increase in inquiries and new clients
signing with us. Our deployments are largely automated, and we are a large
company with the bandwidth to cater to all our clients’ requests,” Jon Light,
the Head of OTC Platform at Devexperts, told Finance Magnates, adding that these
last few days were “very hectic.”
“Despite our established processes, we were at our capacity
and set a few internal records, signing and launching a dozen companies within
the last five business days.”
Devexperts, a software solutions provider catering to
financial firms, has unveiled plans for an update to its flagship offering,
DXtrade XT. This new version introduces notable enhancements aimed at supporting
its capabilities in the trading arena.
Among the key upgrades is the platform’s newfound ability to
facilitate trading in assets denominated in multiple currencies, a feature
intended to provide brokers with broader trading opportunities.
According to the firm, with the increasing popularity of
multi-market and multi-currency platforms on a global scale, this update is set
to cater to the needs of the financial industry. Initially designed to facilitate trading in US equities and
equity options denominated in USD, DXtrade XT has undergone enhancements to
accommodate trading activities in diverse markets across different currencies.
The forthcoming release will mark the soft launch of EU equity (stocks and
ETFs) trading on the platform, with plans for a full-scale production launch
contingent upon integration with an executing party chosen by the brokers
adopting DXtrade XT as their primary trading technology.
Michael Babushkin, Global CEO of Devexperts, said: “As we
introduce the latest upgrades to DXtrade XT, we are providing brokers with the
capability to trade in multiple markets and currencies allowing them to
navigate global markets with greater ease. With multi-currency support, DXtrade
XT extends our platform’s reach and reinforces our dedication to offering the
tools needed for brokers to succeed in a competitive industry.”
DXtrade Platform Surges in Popularity
In light of recent reports of a purported crackdown by
MetaQuotes on proprietary trading firms, Devexperts’
DXtrade platform has emerged as an alternative. As reported by
Finance Magnates. Many prop trading firms, regardless of size, have opted to
integrate DXtrade in response to the perceived pressure to transition away from
MetaTrader platforms.
“We have seen a large increase in inquiries and new clients
signing with us. Our deployments are largely automated, and we are a large
company with the bandwidth to cater to all our clients’ requests,” Jon Light,
the Head of OTC Platform at Devexperts, told Finance Magnates, adding that these
last few days were “very hectic.”
“Despite our established processes, we were at our capacity
and set a few internal records, signing and launching a dozen companies within
the last five business days.”
