Devexperts Unveils SDP Offering

Trading software development company Devexperts has unveiled DX Trade Institutional, a single dealer platform that the firm says it designed for banks, hedge funds, asset managers and market makers across multiple asset classes.

The firm, which has historically targeted the retail brokerage industry, says that unlike its DXtrade variants, which are largely based upon white-label and off-the-shelf offerings, the new platform will be tailor-built, using customers’ existing platforms as a basis, and include back-end integration and new user interfaces. It adds that the new offering will support spot, forwards, swaps and options trading, with pre-and post-trade risk controls, and will be scalable to allow the platform to develop according to the institution’s needs.

“This is the first DXtrade product we have launched that is not an off-the-shelf solution, but built specifically for each customer, offering a tailored solution that builds on and improves their existing software and meets firms’ unique operational needs,” reiterates Nick Mortimer, institutional business development at Devexperts.

The firm says the new offering comes with a dedicated team offering deep institutional trading software development expertise, which will ensure the software is maintained and optimised.

“We developed DXtrade Institutional with a view to helping banks, hedge funds, asset managers, and market makers to ensure their technology is up-to-date and competitive, without the need to invest in internal development resources, which can be both time-consuming and costly,” says Jon Light, head of OTC platform at Devexperts.