NEWSROOM

Devexperts announced DXtrade XT, which is an out-of-the-box trading platform for exchange-traded instruments such as stocks (whole, fractional or notional shares), options, mutual funds, and fixed income (bonds). The platform is now available to brokers from around the world, who want to provide traders with access to US-listed securities. 

DXtrade XT offers modern and uncluttered web and mobile platforms that are both suitable for professional and novice traders. The mobile app stimulates an easy onboarding of new investors with the embedded registration and verification steps. 
With DXtrade XT, brokers can attract more clients by lowering barriers to entry: Their traders can benefit from fractional and notional orders and invest the amount of money they feel comfortable about. 

At the same time, this flexibility in investment plans for traders guarantees that brokers control their order management workflow. DXtrade's web based operations portal affords brokers real-time order flow oversight. Brokers can monitor client positions and accounts, adjust risk settings, and update platform configurations, or manually manage all registered accounts.

The risk management module of DXtrade XT incorporates advanced tools such as a routing wheel allowing automated routing according to criteria such as asset type and percentage based on destination. 

Michael Sprachman, Devexperts Vice President of Trading Platform, commented on the launch: “Devexperts is specialized in the development of financial software and help financial industry firms grow, adapt and gain a technological advantage. In the process of designing DXtrade XT, our team has undergone a profound analysis of the market in terms of key pain points of brokers, strategies for attracting and retaining new investors, and automating risk management. During the course of the market analysis, we have concluded that the majority of brokers run on legacy systems with outdated designs, hence, we see a lot of opportunity for DXtrade XT in assisting brokers to grow their business through technology.”

Sprachman added: “For over two decades, we’ve accumulated tons of knowledge on how to provide the best software to brokers, wealth management companies, and exchanges. We are known for providing custom software, and every project was aimed at solving unique problems of major financial houses. Still, we saw the demand for a universal trading solution to help start-up brokers with smaller budgets launch their business within weeks. DXtrade XT is aimed to satisfy this demand."