Financial software developer Devexperts has expanded its DXtrade XT white-label trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term to include futures trading functionality, targeting prop firms. According to the company’s exec, this move responds to growing demand for futures trading technology in the proprietary trading sector.

Devexperts Rolls Out Futures Trading Capabilities for Prop Firms

DXtrade XT now enables firms to offer US futures trading to global clients, complementing its existing support for forex and CFD trading. According to Jon Light, Head of OTC Platform at Devexperts, the company made this move in response to “significant interest” from prop trading firms.

These companies have previously focused on CFD products but are now expanding their offerings to include derivative market instruments, with a particular emphasis on CME futures in the US. Devexperts has already onboarded 40 such firms over the past year.

“There is strong demand for futures trading technology, especially as the rapidly growing prop trading segment explores new opportunities,” Light commented for TradingTech Insight. “Additionally, we differentiate ourselves by offering expert guidance and support to clients entering the brokerage business.”

The platform's built-in trading simulator integrates with firms' CRM and portal systems via API, facilitating seamless onboarding of traders. Risk management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term features include configurable position limits, customized trading schedules, and automatic position liquidation at session end.

DXtrade XT, which was recently updated, also incorporates dxFeed, Devexperts' market data service, providing access to Level 1 and Level 2 US and EU futures data. The platform supports various trading tools and order types, including stop market, stop limit, and trailing stop orders.

In a separate development earlier this July, the company announced a partnership with Pelican, a copy trading services provider. This collaboration introduced an integration enabling DXtrade users to tap into Pelican’s network of over 9,000 trading signals directly through their platform.

Prop Firms Bet on Futures

“To stay ahead, we've developed a futures-specific version of our prop trading platform,” commented Light. The company targets existing prop firms that offer trading in CFDs, FX, and crypto but want to expand into the American futures market. Additionally, it directs its offerings to traditional futures firms that would like to enter the prop trading industry.

Recently, several companies in the sector have decided to open new entities focused on futures instruments. One of them was the controversial The Funded Trader (TFT), which announced plans to launch The Futures Traders. Previously, MyFundedFX made a similar move, establishing an independent enterprise named My Funded Futures.

Exciting news!

We’re launching The Futures Traders, a new futures firm focused on smooth operations and sustainability.

Stay tuned for more details, including our website and dashboard preview!#FuturesTrading #TFTUpdates pic.twitter.com/FBmFmbbMsb

— The Funded Trader (@thefundedtrader) July 26, 2024

At the end of July, a crypto-focused prop firm, Crypto Fund Trader also presented a separate futures entity. Since the beginning of August, it has been offering services through its new platform, Crypto Futures Platform.

Crypto Futures Platform This Week 🚨

Launch on Thursday, August 1st at 16:00 UTC with no country restrictions and +120 Crypto Pairs available!

Ready to revolutionize the crypto space? 👇 pic.twitter.com/snlwvI12tf

— Crypto Fund Trader (@CFTradercom) July 30, 2024

Turning back to Devexperts, the company this week announced the appointment of Anthony Mervin as Vice President of Sales and Business Development for the Australia and APAC regions. This marks another strategic move following the addition of two new personnel to the Business Development department in May.