Financial software developer Devexperts has expanded its DXtrade XT white-label trading platform 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 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.

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.

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.