Technology provider Devexperts announced on Tuesday that it has launched a new platform for financial institutions, including banks, hedge funds, and market makers.
Called DXtrade Institutional, the new platform provides a superior front end system, which trading teams can use to execute orders across different asset classes. That includes spot, forwards, swaps, and options products.
Clients using the platform can still access any risk management and liquidity distribution controls that they need. The platform also integrates with any backend systems that the client is using.
Unlike other Devexperts products, the new platform is unique in that it is not an ‘off the shelf’ white label. Instead each client will have a platform that is tailored to their requirements.
“The standout aspect of DXtrade Institutional is that it comes with a dedicated team offering deep institutional trading software development expertise,” said Anthony Mervin, Vice President at Devexperts.
“Devexperts focuses on building long term relationships with its customers, meaning firms will have ongoing access to this expertise, as well as support to ensure software is maintained and optimized, both in the short and long term.”
This is the second major platform launch for Devexperts this month. Earlier in February, the company announced a new futures trading platform.