just now
Devexperts, the global software developer for the capital markets, has announced the partnership between its flagship SaaS trading platform, DXtrade, and amana, the Dubai-based neobroker and liquidity provider.
Through the partnership, brokers licensing DXtrade will be able to offer traders better access to global markets, via amana’s robust liquidity solutions. DXtrade and amana will work together to offer brokers a streamlined trading execution capabilities, ensuring that traders benefit from faster and more efficient transactions whilst allowing them to access a wide range of markets with greater ease.
Regulated by global authorities such as LFSA, FSC, and FCA, amana offers traders access to thousands of commission-free assets across markets, including equities, cryptocurrencies, forex, metals, and indices. In addition, amana accepts crypto deposits for institutions as collateral, as well as both leveraged perpetual futures on crypto and spot crypto.
Meanwhile, DXtrade provides brokers with an off-the-shelf trading platform solution that can be deployed immediately out of the box or with part or full customization, and offering an all-encompassing trading ecosystem. Built using modular architecture for seamless scalability, DXtrade is available in web trader as well as Android and IOS app format, and includes a comprehensive suite of broker-dealing and client management tools.
Known for its ultra-low spreads, zero commission, and no fees on MENA stocks, amana’s liquidity will aim to enhance the trading experience provided by brokers licensing DXtrade, making financial markets more accessible, transparent, and efficient for traders using the platform.
Muhammad Rasoul, CEO of amana, says: “I had the privilege of being Devexperts’ first customer. I am very excited for amana to provide its liquidity services to the clients of Devexperts. DXtrade is a great product, developed by a great global group of technologists.”
Jon Light, Head of OTC Platform at Devexperts, says: “We are always looking for ways to make DXtrade an even better solution for brokers - whether this be through maintaining and updating our software or through the partnerships we form. We are pleased to be partnering with amana and believe that through this collaboration we will be able to better cater to our customers, particularly those based in the MENA region.”
amana is a leading neobroker. It provides retail investors and active traders with direct access to the global financial markets, serving clients across MENA. It operates multiple offices across Dubai, London, Limassol, and Beirut.
Devexperts is a software development company that has been serving the needs of capital markets since 2002. The company specializes in developing multi-asset platforms for trading equities, options, foreign exchange, commodities, and cryptocurrencies. It also offers matching engines, exchange solutions, and market data delivery services. With headquarters in Ireland, Devexperts has a development team of 800+ engineers across offices in the USA, Germany, Portugal, Bulgaria, Singapore, Turkey, and Georgia.
