The software solution provider that targets brokers and
financial institutions, Devexperts has partnered with DriveWealth to allow
users to trade or hold small fractions of shares, otherwise known as
fractional share trading. Devexperts will access the securities of DriveWealth
to allow users to invest as little as a dollar.
Commenting on the
partnership, Michael Sprachman, the Director of Exchange Traded Solutions at
Devexperts, said: "As trading continues to become more global, providing
the US market with access to brokers in all parts of the world remains a
priority to Devexperts."
Focusing on Fractional
Shares
"DriveWealth, with
its focus on micro shares and fractional liquidity, is an ideal partner with
our goal of providing brokers with the necessary technology for them to
transform the retail trading
Retail Trading
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
Read this Term experience and ensure access to investing services
for users of all ages and levels of financial expertise," Sprachman added.
Founded in 2002,
Devexperts reportedly plans to integrate DriveWealth to enable users to trade its listed securities on DXtrade XT. It is one of the trading
platforms the company offers besides DXtrade CFD for over-the-counter trading,
DXmatch for exchange solutions, and DxFeed for capturing and sharing market
data.
The software solutions
provider has praised the addition of DriveWealth as an opportunity to enable smart order routing and to bring more value to its uses in the US, LATAM, EMEA, and the APAC
regions. According to the information on its website, Devexperts has a
presence in several locations globally, including Germany, Singapore, Ireland,
and Lithuania.
The concept of
fractional share trading is not unique to Devexperts but has become popular among
traders. Now, most brokers are offering fractional share trading to attract young
investors and eliminate barriers to investing in diversified portfolios. For
instance, the automated global electronic broker, Interactive Brokers, has
reportedly been offering
fractional shares since
2019.
Devexperts Expands Services
Meanwhile, Finance Magnates reported last month that Devexperts had launched
a mobile application for
its DXtrade platform, dubbed DXtrade XT Mobile. The company aims to make
trading accessible to more users and make it user-friendly. The app provides
a range of financial instruments, including stocks, options, bonds, and futures.
Devexperts' DXtrade XT
solution has reported a growing list of users, including major retail brokers.
The New Zealand-based BlackBull Markets recently rolled out a new FX
and CFD trading platform that
uses DXtrade XT. Similarly, the solution was integrated
by the multi-asset broker, Brokeree Solutions, in
May.
The software solution provider that targets brokers and
financial institutions, Devexperts has partnered with DriveWealth to allow
users to trade or hold small fractions of shares, otherwise known as
fractional share trading. Devexperts will access the securities of DriveWealth
to allow users to invest as little as a dollar.
Commenting on the
partnership, Michael Sprachman, the Director of Exchange Traded Solutions at
Devexperts, said: "As trading continues to become more global, providing
the US market with access to brokers in all parts of the world remains a
priority to Devexperts."
Focusing on Fractional
Shares
"DriveWealth, with
its focus on micro shares and fractional liquidity, is an ideal partner with
our goal of providing brokers with the necessary technology for them to
transform the retail trading
Retail Trading
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade
Read this Term experience and ensure access to investing services
for users of all ages and levels of financial expertise," Sprachman added.
Founded in 2002,
Devexperts reportedly plans to integrate DriveWealth to enable users to trade its listed securities on DXtrade XT. It is one of the trading
platforms the company offers besides DXtrade CFD for over-the-counter trading,
DXmatch for exchange solutions, and DxFeed for capturing and sharing market
data.
The software solutions
provider has praised the addition of DriveWealth as an opportunity to enable smart order routing and to bring more value to its uses in the US, LATAM, EMEA, and the APAC
regions. According to the information on its website, Devexperts has a
presence in several locations globally, including Germany, Singapore, Ireland,
and Lithuania.
The concept of
fractional share trading is not unique to Devexperts but has become popular among
traders. Now, most brokers are offering fractional share trading to attract young
investors and eliminate barriers to investing in diversified portfolios. For
instance, the automated global electronic broker, Interactive Brokers, has
reportedly been offering
fractional shares since
2019.
Devexperts Expands Services
Meanwhile, Finance Magnates reported last month that Devexperts had launched
a mobile application for
its DXtrade platform, dubbed DXtrade XT Mobile. The company aims to make
trading accessible to more users and make it user-friendly. The app provides
a range of financial instruments, including stocks, options, bonds, and futures.
Devexperts' DXtrade XT
solution has reported a growing list of users, including major retail brokers.
The New Zealand-based BlackBull Markets recently rolled out a new FX
and CFD trading platform that
uses DXtrade XT. Similarly, the solution was integrated
by the multi-asset broker, Brokeree Solutions, in
May.
