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Devexperts has announced a new integration on its multi-asset trading platform for FX and CFD brokers DXtrade with risk management technology firm Tapaas.The move comes as brokers seek more sophisticated tools to evaluate and manage trading risks in an increasingly complex market environment.
The integration will incorporate Tapaas's comprehensive view of risk across various trading platforms into DXtrade. This is expected to provide brokers with real-time, actionable insights to identify and manage risks more effectively.
According to Devexperts, the new features will enable continuous monitoring and detection of potential issues that could harm brokers' operations. The company also stated that brokers will have access to a suite of tools designed to protect them from operational risks, enhancing the overall stability of their operations.
DXtrade, which offers a range of broker-dealer and client management tools, will see its risk management functionality expanded for FX dealers. This includes configuration of limits or exposure on instrument, group, and/or account level, without the need to restart the platform; stop-loss and take profit settings in the order entry and on chart; and an embedded trading journal and dashboard to track performance and strategies.
The DXtrade platform already provides web trader and Android and iOS mobile app options, along with features such as responsive charting with 100+ studies and 40 drawings for technical analysis tools, market news, and economic calendars.
The integration with Tapaas will work to further strengthen DXtrade’s risk management capabilities, providing position and exposure management, book management, auto-hedging, trader surveillance, and liquidity quality monitoring.
Tom Vasak, CEO, Tapaa
Tom Vasak, CEO of Tapaas, commented on the partnership: "We attend to our clients' needs by responding to emerging threats and requirements, continuously enhancing our platform. The integration between Tapaas and DXtrade/Devexperts is an important next step for analysis, allowing us to provide prospective clients on both ends. Therefore, we are very happy to seal this partnership as it allows us to bring the unparalleled capabilities of Tapaas risk management to a broader audience."
Jon Light, Head of OTC Platform, Devexperts
Jon Light, Head of OTC Platform at Devexperts, added: "DXtrade's advanced risk management capabilities reflect the importance we place on offering our clients a product they can deploy for use with confidence. Our risk management settings are comprehensive and allow for trading to take place in a safe and controlled environment. Our integration with Tapaas will work to complement and further enhance these tools, allowing brokers to effectively monitor risks and their clients' trading activities."
To learn more about the risk management capabilities of DXtrade in our review of risk management tools for brokers, please click here, and for Tapaas, please click here.
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