Devexperts Launches Futures Trading Feature for Prop Firms
Financial software developer Devexperts has expanded its DXtrade XT white-label trading platform to include futures trading functionality, targeting prop firms. According to company executives, this move is in response to the growing demand for futures trading technology in the prop trading industry.
DXtrade XT now enables companies to offer US futures trading to global clients, complementing its existing support for forex and CFD trading. According to Jon Light, Head of OTC Platforms at Devexperts, the company made this move in response to "high interest" from prop trading firms.
These firms, previously focused on CFD products, are now expanding their product range to include derivatives market instruments, with a particular emphasis on US CME futures. Devexperts has provided services to 40 prop firms in the past year.
In an interview with TradingTech Insight, Light stated: "The demand for futures trading technology is strong, especially in the rapidly growing prop trading sector, which is exploring new opportunities. Additionally, we differentiate ourselves by providing expert guidance and support to clients entering the brokerage business."
The platform's built-in trading simulator integrates with companies' CRM and portal systems via API, facilitating seamless trader onboarding. Risk management features include configurable position limits, custom trading schedules, and automatic position closure at session end.
The recently updated DXtrade XT also integrates Devexperts' market data service, dxFeed, providing access to level 1 and 2 market data for US and EU futures. The platform supports various trading instruments and order types, including stop market, stop limit, and trailing stop orders.
In a separate development in early July, the company announced a partnership with copy trading service provider Pelican. This collaboration introduced an integrated feature allowing DXtrade users to access Pelican's network of over 9,000 trading signals directly through their platform.
Prop Firms Gradually Shift Towards Developing Futures Products
Light commented: "To stay ahead, we developed a futures version of the platform specifically for prop trading." The company's target clients are existing prop firms offering CFDs, forex, and cryptocurrency trading who wish to expand into US futures markets. Additionally, it targets traditional futures companies looking to enter the prop trading industry.
Recently, several companies in the industry have decided to open new brands focused on futures products. One of these is the controversial The Funded Trader (TFT), which announced plans to launch The Futures Traders. Previously, MyFundedFX took a similar step by establishing a separate entity called My Funded Futures.
In late July, a crypto-focused prop firm, Crypto Fund Trader, also launched a separate futures brand. Since early August, it has been offering services through its new platform, Crypto Futures Platform.
Returning to Devexperts, the company announced the appointment of Anthony Mervin as Vice President of Sales and Business Development for Australia and APAC, another strategic move following the addition of two new personnel to the business development department in May.
Reference：Devexperts Onboarded over 40 Prop Firms to DXtrade in a Year, Now Focuses on Futures
