DXtrade Institutional is the first DXtrade product that is not an off-the-shelf solution. Why did Devexperts decide to launch this platform and who are you specifically targeting with it?
The decision to launch DXtrade Institutional has come in direct response to demand we have been seeing in the market. From conversations we were having, we could see that institutions are looking for, and in many cases really need, a GUI that matches not only theirs, but also their customers’, often very specific requirements. With over 20 years’ experience developing software for the capital markets, customisation has become one of our specialities, and we are, as a result, very happy to be bringing this deep expertise to the institutional space, where we know it will meet a real need. It is exciting to add this aspect of what we do to the DXtrade armoury.
DXtrade Institutional will be built on a bespoke basis. What does that mean and how do you make the process of doing this from the clients perspective as easy as possible?
From our experience as one of the leading trading software developers, we have designed a special framework that has been built specifically for this process. The composition of this framework allows us to add a customer’s unique features and functionalities to the already included ‘standard’ functionalities. This gives them the full customisation they require, efficiently, thereby delivering a cost- and time-effective solution.
Please tell us a little about some of the key features and multi-asset trading functionality that DXtrade Institutional offers?
DXtrade Institutional provides a framework for delivery of customised GUIs, and each end-product will be different, with each completed GUI reflecting the specific needs of the institution they are built for. Unlike others in the DXtrade range, DXtrade Institutional is not an off-the-shelf product, however, in each case the aim will be to offer the standard functionality that can be found in most SDP GUIs, plus customisation according to clients’ specific needs through our framework. Customisations could include, for example, multi-asset trading functionality or any other unique functionality the customer requests.
What range of instruments does DXtrade Institutional support?
Initially, DXtrade Institutional will support spot, forwards, swaps, options, and NDFs. This said, as a product developed directly in response to customer demand, should we see demand for other instruments, we will adapt in line with this.
How customisable and adaptable is the new platform?
Totally customisable. DXtrade Institutional is by nature a 100% customisable product. At Devexperts we have 20+ years of creating enterprise trading platforms so customisation is something we are very good at and that is why we are coming to market with this particular product because it allows us to use our strengths, and, more importantly, for institutions to access and use these strengths! With this product, we take specifications and build a platform that institutions and their customers require and we will do this in a cost- and time-effective way.
Institutions have complex trading requirements. In what ways have you engineered the platform to try and meet their unique operational and deployment needs?
The complex trading requirements of institutions is the reason why DXtrade Institutional is so relevant. We know that the complexity of institutions’ trading requirements is a hurdle that prevents many from updating their legacy interfaces. Harnessing our experience, we have created this framework that enables us to work with customers to develop something that meets their very specific needs, and does so efficiently, from both a cost and time-frame point of view.
One stand out aspect of DXtrade Institutional is that it comes with a dedicated team of trading software development experts. In what ways will this benefit your clients and help you to build long term relationships?
Building customisable solutions for our clients is our core business. It’s been our business for a significant period of time. With over 800 engineers operating worldwide, we are specialised in the customisation of front ends and will assign each customer teams to both create the customised GUI and maintain that GUI in the future.
Software is ever evolving and the long-term relationships we build with our customers are borne out of our commitment to ensuring our products are maintained at optimum efficiency far beyond the point of sale. This includes the implementation of updates from our side, but also responsiveness to evolving customer needs over time and the adaptation of the product in accordance with these.
How can institutions get more information about the platform?
DXtrade Institutional is available globally. To learn more about DXtrade Institutional or if you would like a conversation to talk through how we can help, you can contact us via our website: https://devexperts.com/contact-us/