LONDON, May 22, 2024
/PRNewswire/ -- Devexperts, a software solutions provider to
financial firms, is today releasing a significant update for
DXtrade XT with several important enhancements. Trading in
assets denominated in multiple currencies is now supported,
allowing brokers to broaden their trading horizons for an added
competitive advantage. This change addresses brokers' demands
for global market expansion, given the rising popularity of
multi-market and multi-currency platforms.
Initially tailored for trading in US equities and equity options
in USD, DXtrade XT has undergone major enhancements to accommodate
trading in various markets and currencies. In this release, DXtrade
XT is primed for the soft launch of EU equity trading, with a
full-scale production launch planned, contingent upon integration
with brokers' chosen executing party when adopting DXtrade XT as
their primary trading technology.
Michael Babushkin, Global CEO of
Devexperts, said: "The DXtrade XT enhancements provide
brokers with the capability to trade in multiple markets and
currencies, allowing them to navigate global markets with greater
ease. Multi-currency support extends our platform's reach,
reflecting our dedication to empowering brokers to succeed in a
competitive industry."
Some key points in the platform's release are:
- Data Integrity: For brokers seeking a turnkey solution,
market data and the instrument universe are sourced from dxFeed, a
Devexperts subsidiary, ensuring consistent real-time market data
availability.
- Market Centers: Initial support includes cash stocks and
ETFs from non-US market centers. Marginal trading of equities and
options remains available for US instruments on USD accounts.
- Currency Handling: Users can hold multiple accounts in
different currencies and trade instruments denominated accordingly.
Commissions and fees are configured in the account's base currency,
with external cash transactions applied accordingly.
- Fundamentals Support: Upcoming updates will enhance EU
market analysis with dedicated widgets, ensuring comprehensive
support for fundamental analysis.
This update highlights Devexperts' goal of remaining at the
forefront of trading technology, empowering brokers to explore new
opportunities and drive sustainable growth.
Editorial contacts:
John Norris / Chrissa Diakanastasis
Moonlight IQ
Email: devexperts@moonlightiq.com
Tel: +44 (0) 20 7250 4770
About Devexperts
Devexperts has been developing software for capital markets
since 2002. The company's core expertise is in multi-asset trading
platforms, matching engines, and exchange solutions. Devexperts'
development team comprises 800 engineers, located in offices in the
USA, Germany, Bulgaria, Singapore, Portugal, Turkey, Georgia, and Ireland. Learn more
at http://devexperts.com.
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SOURCE Devexperts