Devexperts Supporting Crypto Derivatives on dxTrade’s Platform

Devexperts, one of the leading platform technology developers in the industry, has embraced the growing industry shift towards Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. This has led to the group to integrate crypto spot and derivatives trading to its multi-asset and multi-market trading platform dxTrade.

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The new initiative takes advantage of the growing influence and demand for cryptos in the retail industry. Having now permeated the mainstream retail space, more and more brokers have begun to explore and leverage crypto trading capabilities for their clients. This demand has served as the impetus behind the expansion of dxTrade’s solutions suite.

Indeed, this focus was echoed by Michael Berman, Global Head of Sales at Devexperts, who commented: “As the industry’s interest drifts towards cryptocurrency demand we invested in adding cryptocurrency trading on our platform, and now we are glad to offer the additional functionality to brokers. This offering is a natural extension of the supreme power and exceptional capabilities of Devexperts modular multi-asset trading platform.”

dxTrade incorporates A- and B-book, STP, and hybrid models of Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, catering to the retail brokerage industry. The group’s solutions suite also offers technical analysis and market analysis tools on a client side.

dxTrade is currently powered by dxFeed, a Devexperts market data division service with real-time cryptocurrency market data for a wide range of cryptocurrencies. This includes, among others, Bitcoin, Litecoin, Ethereum, Zcash, Ripple, and Monero.

Moreover, dxTrade provides a Bitcoin index from different crypto exchanges and Bitcoin futures from the two leading providers in the United States, i.e. Chicago Mercantile Exchange (CME) and CBOE Futures Exchange.

The support of new crypto instruments follows nearly one month after Devexperts’ other marquee development of 2018, having passed the FIX certification of Borsa Istanbul. The Turkish stock market operator granted dxTrade Advanced Level FIX certificates for both the equity and derivatives markets back in February.