Devexperts and FX Blue Partner to Enhance CFDs Trading Platforms

<p>London's
financial technology scene witnesses a new alliance as Devexperts, the creator
of the DXtrade platform, has teamed up with fintech firm FX Blue to present a new
trading solution targeting contracts-for-difference (CFDs) and spread-betting
brokers. </p><p>According
to the information provided to Finance Magnates, companies want to
integrate DXtrade's back-end infrastructure with FX Blue's web and mobile
interfaces. The move aims to change the current trading technology landscape.</p><p>Devexperts and FX Blue
Announce Partnership for Trading Technology</p><p>The
partnership brings together the back-end functionality of Devexperts' trading
platform, which includes features essential for broker operations like risk
management and account management, with the customizable web and mobile
interfaces provided by FX Blue. Companies
intended to allow brokers to choose their third-party services
while maintaining access to a comprehensive set of operational tools.</p><p>“Brokers
are free to select the preferred <a href="https://www.financemagnates.com/terms/t/trading-platform/">trading platform</a> UI for their clients, while
managing all dealers- and account-related operations through the DXtrade
backend,” Devexperts explained in a statement sent to Finance Magnates.</p><p>Devexperts specializes in crafting software tailored for the capital
markets industry. Its main offering, DXtrade, is a multifaceted platform
utilized by brokers for trading a vast array of instruments, including
equities, commodities, futures, options, foreign exchange, funds, and digital
currencies.</p><p>FX Blue, the UK-based fintech working with banks and brokers in more than 20 countries since 2010, contributes its customizable front-end solutions to the partnership, offering
features such as responsive mobile interfaces, custom indicators, and integrating external tools like copy trading and TradingView charts. FX Blue's
platform is equipped with social trading features and the flexibility to
incorporate a variety of third-party applications.</p><p>“In
addition to the TradingView website as a frontend, another frontend by FX Blue
is available as an option. It’s the brokers who decide how they want their
trading platform to look like,” the company added.</p><p>The partnership's financial terms, including setup and ongoing licensing fees,
are structured to assist brokers in their business expansion and risk
management endeavors.</p><p>Recent Product
Developments at Devexperts</p><p>Recently,
Devexperts has been in the spotlight for several updates, including expanding its London team <a href="https://www.financemagnates.com/executives/moves/devexperts-expands-london-team-with-four-senior-hires/" target="_blank" rel="follow">with four new senior hires</a>. In a move to democratize
financial technology, the company launched a<a href="https://www.financemagnates.com/forex/news-nuggets-15-august-devexperts-updates-dxcharts-fca-warns-against-seven-companies/" target="_blank" rel="follow"> trial and a lite open-source
version of its DXcharts</a> in August. These versions, geared towards fintech
developers, enhance accessibility and integration
possibilities.</p><p>In July,
Devexperts <a href="https://www.financemagnates.com/forex/news-nuggets-27-july-dxtrade-teams-up-with-acuity-firm-of-tickmills-ceo-invest-35m/" target="_blank" rel="follow">partnered with Acuity</a>, a frontrunner in AI-driven
market analysis, integrating cutting-edge visual trading tools into the DXtrade
platform. This integration is tailored to assist brokers' clients in
pinpointing viable investment opportunities with greater ease.</p><p>During the
same timeframe, <a href="https://www.financemagnates.com/forex/brokers/devexperts-eyes-fractional-share-trading-in-new-partnership-with-drivewealth/" target="_blank" rel="follow">Devexperts initiated a collaboration with DriveWealth</a>, a step towards embracing the trend of fractional share trading.
Through this partnership, Devexperts has secured access to DriveWealth's
securities, enabling users to invest fractional shares
with as little as one dollar.</p><p>Furthermore,
as <a href="https://www.financemagnates.com/" target="_blank" rel="follow">Finance Magnates</a> reported in June, the firm <a href="https://www.financemagnates.com/forex/devexperts-debuts-mobile-app-for-retail-trading-brokers/" target="_blank" rel="follow">unveiled the Dxtrade XT
mobile application</a>. This step was poised to streamline the trading process for
retail investors, making it more accessible and user-friendly. </p>

This article was written by Damian Chmiel at www.financemagnates.com.