Leading multi-asset trading platform developer Devexperts has announced that its core offering, DXtrade XT, will be releasing a major new version with several major improvements.
The DXtrade XT platform will now support trading in assets denominated in multiple currencies, allowing brokers to expand their horizons for an added competitive advantage. This change directly addresses brokers’ demands to expand into international markets as multi-market and multi-currency platforms have grown in popularity around the world.
Originally tailored to facilitate trading in US stocks and US dollar stock options, DXtrade XT has undergone significant upgrades to accommodate trading in various markets in different currencies. In this release, DXtrade XT is prepared for the smooth launch of EU equity trading (stocks and ETFs), with plans for a full-scale production launch dependent on integration with an executive part of select brokers adopting DXtrade XT as main trading technology.
Michael Babushkin, Global CEO of Devexperts, said:
“As we introduce the latest upgrades to DXtrade XT, we provide brokers with the ability to trade multiple markets and currencies, allowing them to navigate the global markets with greater ease. With multi-currency support, DXtrade XT extends the reach of our platform and reinforces our commitment to offering the tools brokers need to succeed in a competitive industry.”
The following describes some key points in the platform launch:
Data integrity: For brokers looking for a turnkey solution, the world of market data and instruments comes from dxFeed, a subsidiary of Devexperts, ensuring consistent availability of real-time market data.
Shopping Centers: Initial support includes cash and ETFs from non-US market centers. Equity and options margin trading remains available for US instruments in US dollar accounts.
Coin handling: Users may have multiple accounts in different currencies and trading instruments denominated in the respective currencies. Fees and commissions are settled in the base currency of the account, while external cash transactions are also applied accordingly.
Fundamentals support: Upcoming updates will enhance market analysis capabilities for EU markets through dedicated widgets, ensuring comprehensive support for fundamental analysis.
This update underscores Devexperts’ goal to remain at the forefront of trading technology, enabling brokers to explore new opportunities and drive sustainable growth.
About Devexperts
Devexperts has been developing financial software for capital markets since 2002. The company’s core expertise is multi-asset trading platforms, matching engines and exchange solutions. Devexperts flagship is DXtrade, a trading platform for stocks, derivatives, Forex, CFDs, spread betting, forex options and cryptocurrency trading. Clients include retail and institutional brokerages, wealth management firms, investment funds and stock exchanges. Devexperts’ development team consists of 800 engineers located in offices in the US, Germany, Bulgaria, Singapore, Portugal, Turkey, Georgia and Ireland.