DXtrade XT has introduced enhancements to its platform to support prop trading. The latest update is designed to help brokers and prop firms launch challenges and contests.

This configuration offers new tools for prop firms to organize competitions using DXtrade XT as a paper money trading environment.

DXtrade XT Integrates CME Futures

The platform now supports single futures contracts from the Chicago Mercantile Exchange, known as XCME. DXfeed provides real-time market data for this setup. When users log in for the first time, they are directed to a DXfeed onboarding process.

DXfeed is responsible for compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term checks and reporting to the exchange. Once onboarding is complete, users are automatically redirected to DXtrade XT, where their CME market data subscription is activated.

Meanwhile, Centroid Solutions, a fintech company, has expanded its collaboration with DXtrade. The partnership includes support for the DXtrade CFD white-label trading platform through Centroid's risk management system, Centroid Risk, as reported by Finance Magnates.

Prop Firms Gain Liquidation Control

To meet the specific needs of prop firms, DXtrade XT now supports flexible trading schedules. This allows firms to set their own session end times. Prop traders are required to close their open positions before the end of the trading day or the weekend. If they fail to do so, the firm can either automatically liquidate open positions or close the trader’s account.

DXtrade XT has introduced a full liquidation strategy that closes positions at the end of the firm’s trading session. During this process, all positions are closed, outstanding orders are cancelled, and the platform blocks the placement of new orders.

DXtrade XT also allows prop firms to notify traders via the Web Trader or mobile app when the end of a trading session is approaching. Firms can choose whether to send these notifications or disable them altogether.

The update includes changes to the platform’s order execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term simulation. Orders are generally executed at the top of the book prices. However, to better serve prop firms, the simulator now executes orders using Level 2 quotes and volumes. Limit orders are filled only when enough liquidity is available at the requested price.