Devexperts, a software provider for the financial industry, has launched a new SaaS (Software-as-a-Service) trading platform named DXtrade for the retail Forex (FX) and Contract For Difference (CFD) industry.
For CFD brokers, DXtrade is an off-the-shelf trading solution with robust risk management and back-office applications. Brokers can create their ideal setup in both trading platform front ends and brokerage operations because of the availability of flexible settings.
Designed as a trading platform, DXtrade allows brokers to differentiate themselves from the broader market due to the determination of all layouts and setups of the platform by the broker. Extension of backend configurations where brokers can set up limits, rebates, margins, spreads, and client execution on instruments, group, or individual client levels becomes possible because of the high degree automation and customization. Thus, allowing brokers to create custom offerings for multiple client segments worldwide.
Several proprietary trading tools are designed by DXtrade to enhance user experience and improve customer acquisition, as well as retention. These built-in tools include custom trading journals, dashboards, modern navigation, and more on mobile and web UIs that are highly intuitive.
Conor O’Driscoll, VP of OTC Platform, commented, “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.”
Devexperts wholly maintains and hosts the platform.