The addition of multi-currency support comes as DXtrade XT prepares the soft launch of EU equity (stocks and ETFs) trading.
Devexperts has announced that DXtrade XT will be adding several important enhancements in its newly released version, including data integrity, currency handling, market centers, and fundamentals support.
Michael Babushkin, Global CEO of Devexperts, said: “As we introduce the latest upgrades to DXtrade XT, we are providing brokers with the capability to trade in multiple markets and currencies allowing them to navigate global markets with greater ease. With multi-currency support, DXtrade XT extends our platform’s reach and reinforces our dedication to offering the tools needed for brokers to succeed in a competitive industry.”
Multi-currency support ahead of EU stocks and ETFs trading
DXtrade was initially designed to facilitate trading in US equities and equity options denominated in USD, but as the multi-currency and multi-market platform prepares the soft launch of EU equity (stocks and ETFs) trading, now is the time to open up support for assets denominated in multiple currencies. DXtrade XT will now support trading in assets denominated in multiple currencies, allowing brokers to broaden their trading horizons for an added competitive advantage.
EU equity (stocks and ETFs) trading will enter a full-scale production launch contingent upon integration with a party of choice of the brokers who adopt DXtrade XT as their primary trading technology.
Devexperts provides brokers with a turnkey solution by coupling DXtrade with market data and the instrument universe sourced from dxFeed for real-time market data availability.
DXtrade XT’s initial support includes cash stocks and ETFs from non-US market centers. Marginal trading of equities and options remains available for US instruments on USD accounts.
The trading platform allows users to have multiple accounts denominated in different currencies and trade instruments denominated in the respective currencies. Commissions and fees are configured in the account’s base currency, with external cash transactions also applied accordingly.
According to Devexperts, the the upcoming updates will also enhance market analysis capabilities for EU markets through dedicated widgets, ensuring comprehensive support for fundamental analysis.
