About a-team Marketing Services

A-Team Insight Blogs

Devexperts Enhances Multi-Currency Support in DXtrade XT

Subscribe to our newsletter

Devexperts, the software solutions provider for capital markets, has unveiled a significant new version of its flagship platform, DXtrade XT, which introduces extensive multi-currency support, enabling brokers to expand their trading capabilities across international markets.

In order to address the increasing demand from brokers for platforms that facilitate multi-market trading, DXtrade XT – initially launched as DXtrade in 2020 as an off-the-shelf SaaS platform for trading US equities and US dollar-denominated equity options – has now been enhanced to support trading in assets denominated in multiple currencies.

“We have seen an influx of brokers coming from Europe,” says Evgeny Sorokin, Devexperts Chief Product Officer, in conversation with TradingTech Insight.  “We initially thought that most of our installations would be US based but recently, we’ve had multiple inquiries from European brokers interested in both accessing the US market and also giving their clients access to their domestic markets.”

The new release boasts several key features designed to enhance user experience and functionality. Firstly, to assure data integrity, instrument information and real-time market data are sourced from dxFeed, Devexperts’ consolidated market data feed. Additionally, support now extends to cash stocks and ETFs from non-US markets. The ability to manage multiple accounts in different currencies has been introduced, with commissions and fees configured accordingly. Furthermore, the release offers enhanced market analysis for EU markets through new widgets, providing comprehensive support for fundamental analysis.

Sorokin emphasises that the system was completely designed and built by Devexperts. “We are a behemoth of software development,” he says. “We have hundreds of software engineers and we’ve been building custom trading platforms for 22 years. DXtrade XT is one of our flagship offerings used by the largest broker-dealers worldwide, who tend to white label and customise it to the degree that they call it their own platform. We provide both the trading platform technology and customisation services, and we also have dxFeed, our market data arm. So for brokers looking for a full turnkey solution, we can supply them with both technology and market data.”

The new version of DXtrade XT will undergo a soft launch for EU equities (stocks and ETFs), with a full-scale production launch to follow. Clients can deploy the solution either on-prem, on the cloud, or in a hybrid configuration.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Date: 26 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential...

BLOG

Driving Trading Innovation and Digitisation with Interoperability And Low Code/No Code Technologies

Interoperability and low code/no code technologies on the trading desk are increasingly recognised as modern approaches that contribute to building successful, agile trading platforms. So how can firms implement these technologies effectively to enhance the user experience and reap some real business benefits? And how do they foster a culture that supports the necessary innovation...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Corporate Actions

Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the...