Devexperts announced plans to open a new office in Dubai by mid-2025. The decision is the company’s response to a surge in demand for trading and financial software solutions in the Middle East and North Africa (MENA) region. It is reportedly driven by the UAE and Saudi Arabia’s flourishing trading markets.

Addressing Market Demand

Since its inception in 2002, Devexperts has established itself as a provider of software solutions for the capital markets. The company features products such as DXtrade and DXmatch, which serve brokerages, banks, and exchanges worldwide.

“The MENA region is fast becoming a hotspot for the trading industry, driving significant opportunities for brokerages,” said Ben Hurley, CEO of Devexperts. “Our client base in the UAE and Saudi Arabia has increased rapidly over the past two years, leading us to take the formal decision to open an office in Dubai. This will allow us to better cater to both new and existing clients.”

Devexperts’ decision to expand into Dubai reportedly aligns with its broader global strategy, which has already seen the company strengthen its presence in the APAC region and the United States.

Boosting Presence in Singapore and Australia

Earlier this year, Devexperts boosted its teams in Singapore and Australia, highlighting a focus on key international markets. Hurley highlighted the importance of Dubai in the company’s global footprint.

“We are an international company predominantly based in Europe and the USA, but our business globally is both strong and active. Establishing our presence in the UAE ensures we can continue to meet client needs while capitalizing on new opportunities in the region,” he said.

Devexperts’ flagship platform, DXtrade, supports multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term trading in stocks, commodities, forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, and cryptocurrencies. DXmatch offers an ultra-fast matching engine, while DXcharts provides charting tools.

In October, Devexperts named Ben Hurley its new Chief Executive Officer. Hurley, who has worked with Devexperts since 2022, took over from Michael Babushkin. Before this, he was the Country Manager in Ireland. In this role, he reportedly played an important role in enhancing the company’s operations and championing its restructuring project.