Devexperts, the software provider for brokers, exchanges and wealth management firms in the equity, options, futures and Forex markets, has announced the launch of DXtrade XT.
DXtrade XT is a ready-to-use trading platform for exchange-traded instruments: stocks (whole, fractional or notional), options, mutual funds and fixed income securities (bonds).
The platform best serves those who wish to found a brokerage firm outside of the United States and OTC brokers who wish to branch out and establish a subsidiary that offers investment in US-listed stocks.
Finance Feeds covered a Devexperts webinar on split trading, complete with video. Click here to watch.
Available to brokers around the world looking to provide their traders with access to US-listed securities, the split trading system offers modern, streamlined web and mobile platforms suitable for professional and novice traders alike.
With Xtrade XT, brokers can attract more clients by lowering the barriers to entry: their traders can benefit from fractional and notional orders and invest the amount of money that suits them.
On the broker’s side, the manual allocation of split trades can be recorded under the master account, distributed among client accounts and flexibly managed according to the broker’s strategy.
At the same time, this flexibility in investment plans for traders always ensures that brokers are in full control of their order management workflow. DXtrade’s web-based administration portal provides brokers with real-time monitoring of order flow. Brokers can monitor client positions and accounts, adjust risk settings, update platform configurations, and manually manage all registered accounts.
The risk management module of DXtrade XT integrates advanced tools such as the routing wheel. This tool allows automated routing based on criteria such as asset type and destination-based percentage. To learn more about the features, the webinar video is available here.
Michael Sprachman, Devexperts VP of Trading Platform, commented, “In the design process of DXtrade XT, the team analyzed key broker pain points, strategies to attract and retain new investors, and ways to further automate risk management. During our market analysis, we concluded that the majority of brokers are running on legacy systems with outdated user interfaces, therefore, we see a lot of opportunities for DXtrade XT to help brokers grow their business.
Brokers can request the demo to experience all the features, here: https://dx.trade/dxtrade-xt/dxtrade-xt-web-trader/