Devexperts
has announced an upgrade to its DXtrade multi-asset trading platform through a
new integration with risk management company Tapaas. With the newest
partnership, platform provider wants to offer FX/CFD brokers more robust tools
to evaluate and mitigate potential market threats.

Devexperts Enhances
DXtrade Platform with Tapaas Risk Management Integration

The
integration will allow DXtrade-powered brokers to access real-time analytics
and alerts from Tapaas, enabling continuous monitoring and swift detection of
potential threats to their operations.

“Our
risk management settings are comprehensive and allow for trading to take place
in a safe and controlled environment,” Jon Light, Head of OCD Platform at
Devexperts, said. “The integration with Tapaas will complement and further
enhance these tools, allowing brokers to effectively monitor risks and take
action where necessary.”

This is not DXtrade’s first collaboration aimed at enhancing risk management capabilities for brokers. In early September, Centroid Risk, a platform from fintech company Centroid Solutions, joined the group of firms working with the Devexperts platform.

The new
features will complement DXtrade’s existing risk management functionality,
which includes configurable limits on instruments, groups, and accounts, as
well as stop-loss and take-profit settings. The platform also offers an
embedded trading journal and performance dashboard.

“The
integration between Tapaas and Devexperts for DXtrade responds to an imminent
need for existing and prospective clients on both ends,” Tom Vasak, CEO of
Tapaas, added. “We’re very happy to bring the unparalleled capabilities of
Tapaas risk management to a broader audience.”

This
enhancement to DXtrade comes at a time when risk management is increasingly
crucial in the volatile FX/CFD trading landscape. It should offer brokers a
more comprehensive view of their risk exposure across various trading systems,
potentially improving their ability to protect against operational risks.

This month, DXtrade also partnered with Finalto to boost liquidity services for brokers. From now on, trading companies can access liquidity across more than 3,000 instruments.

Meanwhile, DXtrade has upgraded its platform to better support proprietary trading. The latest update aims to assist brokers and proprietary firms in launching challenges and contests. This new configuration provides tools for organizing competitions using DXtrade XT as a simulated trading environment.