Devexperts has publicly revealed its improved multi-asset trading platform DXtrade, which was recently launched as a SaaS (Software-as-a-Service) product, specifically designed for the retail FX and CFD industry.
The global financial software provider has expanded the platform features to provide both broker clients and traders with a revamped web UX/UI, new functionality for subscription management, ex-dividends, and cash movements, among many others.
DXtrade launched in May 2020 and managed within such a short period to onboard major names onto the trading platform as Liquidity providers.
The new updates offer brokers’ dealers and administrators many of the benefits available from existing bespoke platforms, but with the efficiency of a customizable backend to help set up Risk Management or segment their traders. Brokers are now able to determine everything from the layout and set-up, including the back-end configurations and user interface. They also benefit from ex-dividends and cash movements widgets alongside management of subscription to 3rd-party services.
The new built-in tools add a higher degree of automation and customisation to allow brokers to enhance the user experience, improve both client acquisition and retention, as well as create custom offerings for multiple client segments.
For traders, the platform features useful widgets such as Trading Journal or Dashboard that visualize performance. In addition, the second update rolls out the following add-ons:
- Improved UX/UI in the web platform for adding widgets and auto-resize columns
- Small improvements of the Economic Calendar
- Filter by asset class in table filters
- Watchlist UI improvements (improved buy/sell buttons)
- Gross Net P&L in Trades/Order history
- Open Live account and EULA link
“The next update will be devoted to the DXtrade mobile application. The final testing stage is now almost complete. Devexperts has given their mobile app a total redo that contains the most sought-after features,” Devexperts added.
Devexperts specializes in the development of tailored software solutions for retail and institutional brokers, exchanges, and wealth management firms. Devexperts are the developers of many financial applications and platforms including Thinkorswim, which is geared for self-directed stock, options, and futures traders. TD Ameritrade purchased this platform in 2009 in a $606 million deal that established the company in the fast-growing area of options and futures trading.
