Rostro launches trading platform powered by Devexperts’ DXtrade
Rostro Financials Group, a fintech group focused on capital markets and digital assets, has rolled out a new trading platform powered by Devexperts’ multi-asset trading solution, DXtrade.
Dubbed ‘DPLtrader,’ the platform provides Rostro’s customers with access to margin trading of Forex and CFDs on stocks, indices, energies, and commodities.
Devexperts offers DXtrade as a SaaS (Software-as-a-Service) product, specifically designed for the retail FX and CFD industry. The global financial software provider has expanded the platform features to provide both broker clients and traders with a revamped web UX/UI, new functionality for subscription management, ex-dividends, and cash movements, among many others.
DXtrade launched in May 2020 and managed within such a short period to onboard major names onto the trading platform as liquidity providers. The white-labeled solution offers brokers’ dealers and administrators many of the benefits available from existing bespoke platforms, but with the efficiency of a customizable backend to help set up risk management or segment their traders.
Brokers are also able to determine everything related to the layout and set-up, including the back-end configurations and user interface. They also benefit from ex-dividends and cash movements widgets alongside management of subscription to 3rd-party services. These built-in tools add a higher degree of automation and customisation to allow brokers to enhance the user experience, improve both client acquisition and retention, as well as create custom offerings for multiple client segments.
Rostro acquired Scope Markets
Michael Ayres, CEO at Rostro Group commented: “We value convenience and offer only the best technology to our traders. This is why we’ve selected Devexperts as our trusted software vendor, and our clients can trade with ease at any time of the day.”
Jon Light, VP of OTC Platform at Devexperts added: “We have known the Rostro team for a long time and are honored that they trust us and choose our software. Devexperts development and support teams are on guard 24/7 to offer Rostro’s clients the most convenient platform for operating on financial markets.”
The partnership also plays into a long-term vision for Rostro, which operates multi-regulated brokerage houses that provide execution, and clearing of both listed securities as well as OTC derivatives. In addition, the group offers banking, alternative finance, and digital asset storage with both on and off ramp solutions.
Rostro Financials had recently acquired Belize-based FX and CFDs brokerage Scope Markets. The financial details of the transaction were not disclosed, but Rostro bought the retail broker in an all-cash deal.