DXtrade XT has introduced enhancements to its platform to
support prop trading. The latest update is designed to help brokers and prop
firms launch challenges and contests.
This configuration offers new tools for prop firms to
organize competitions using DXtrade XT as a paper money trading environment.
DXtrade XT Integrates CME Futures
The platform now supports single futures contracts from the
Chicago Mercantile Exchange (CME), known as XCME. DXfeed provides real-time
market data for this setup. When users log in for the first time, they are
directed to a DXfeed onboarding process.
DXfeed is responsible for compliance checks and reporting to
the exchange. Once onboarding is complete, users are automatically redirected
to DXtrade XT, where their CME market data subscription is activated.
Prop Firms Gain Liquidation Control
To meet the specific needs of prop firms, DXtrade XT now
supports flexible trading schedules. This allows firms to set their own session
end times. Prop traders are required to close their open positions before the
end of the trading day or the weekend. If they fail to do so, the firm can
either automatically liquidate open positions or close the trader’s account.
DXtrade XT has introduced a full liquidation strategy that
closes positions at the end of the firm’s trading session. During this process,
all positions are closed, outstanding orders are cancelled, and the platform
blocks the placement of new orders.
DXtrade XT also allows prop firms to notify traders via the
Web Trader or mobile app when the end of a trading session is approaching.
Firms can choose whether to send these notifications or disable them
altogether.
The update includes changes to the platform’s order
execution simulation. Orders are generally executed at the top of the book
prices. However, to better serve prop firms, the simulator now executes orders
using Level 2 quotes and volumes. Limit orders are filled only when enough
liquidity is available at the requested price.
This article was written by Tareq Sikder at www.financemagnates.com.
This post is originally published on FINANCEMAGNATES.
