Devexperts has launched a fully customisable, single-dealer multi-asset platform, designed for banks, hedge funds, asset managers, and market makers seeking to update front-end legacy systems.
Named DXtrade Institutional, the offering will be built on a bespoke basis using customers’ existing platforms, contrasting Devexperts’ ready-to-use DXtrade variants.
DXtrade Institutional aims to provide a scalable, multi-asset solution with back-end integration, enabling institutions to execute trades directly while maintaining full control over pricing, risk management, and liquidity distribution.
“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,” said Nick Mortimer, institutional business development at Devexperts.
DXtrade Institutional will support spot, forwards, swaps and options trading, alongside providing direct trade execution, risk management, full customisation and improved trader efficiency.
In addition, the offering will provide full scalability and deployment options, enabling it to adapt to changing institutional needs.
“We are really pleased to be bringing our consultancy and custom development expertise to single-dealer firms, and believe DXtrade Institutional can offer a solution to those working with legacy systems that delivers strong, long-lasting, outcomes for optimised user experience and robust return on investment,” said Peter Snasdell, senior vice president at Devexperts.