Trading technology provider Devexperts announced the launch of a new event contracts product on Wednesday.
The new offering allows brokers and other providers to add the increasingly popular products to their platforms.
Brokers can either plug into existing exchanges that offer prediction markets or set up their own set of event contracts, using Devexperts’ exchange infrastructure.
“As the regulatory landscape in the U.S. shifts in favor of prediction markets, event based trading is gaining popularity in the retail market – and fast,” said Jon Light, Senior Director of Product Management at Devexperts.
“This proposition opens trading up to almost anybody and we are seeing a number of big players making moves to meet growing market demand. With our proprietary prototype we can deliver an event based trading platform, either in part for integration or as a full standalone product, in a timely and cost-effective manner that allows firms and exchanges to begin providing these services quickly and efficiently. The breadth and depth of our experience means we are able to meet the specific requirements of event based trading with robust and reliable software, including tailored UI according to individual client preferences.”
