Devexperts Launches New SaaS FX and CFD Trading Platform

Devexperts announced this Wednesday that it had launched a new SaaS (Software-as-a-Service) Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term which has been specifically designed for the retail foreign exchange (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 contracts for difference (CFD) industry.

The new platform, called DXtrade, is an "off the shelf" trading solution for CFD brokers, the software provider said. The platform is customizable, with brokers being able to determine the layouts and setup of the platform.

According to the statement released today, the front end of DXtrade can be customized, as well as the platform's back end. Specifically, brokers can set up limits, rebates, margins, spreads, and client execution on instruments, group, or individual client levels. Therefore, brokers who select DXtrade will be able to create custom offerings for differing client segments.

The platform is maintained and hosted by Devexperts, a software provider for the capital markets industry. In addition to being customizable, DXtrade offers several proprietary trading tools, with the aim to improve user experience and client acquisition and retention.

These tools have been built directly into the trading platform, the software provider said this Wednesday, and include custom trading journals, dashboards, modern navigation, and more, mobile and web UIs.

Devexperts: capitalizing on COVID-19

Commenting on the launch of DXtrade, Conor O'Driscoll, VP of OTC Platform said in the statement: "At Devexperts we have been experts in building custom trading solutions for top brokerage firms for over 18 years and DXtrade is the culmination of such efforts, allowing us to offer our technology to the wider CFD market."

"CFD brokers are currently experiencing a significant rise in the amount of customers and volumes traded on their platforms. As a result, we know how important it is for brokers to differentiate in a highly congested market and we firmly believe that DXtrade is the innovative solution necessary for brokers to take their offering to the next level."