Devexperts has announced that it has enhanced risk management capabilities on its flagship multi-asset trading platform for FX/CFD brokers, DXtrade, via an integration with risk management specialists, Tapaas.

Tapaas, which offers a comprehensive view of risk across various trading platforms and systems, will now be available within the DXtrade platform, equipping brokers with real-time, actionable insights to identify and manage risks more effectively.

The integration will mean DXtrade-powered brokers can receive real-time analytics and alerts, enabling continuous monitoring, and detection of bad actors or events that have the potential to harm their business. In addition, through the integration, brokers will also be able to access a suite of features designed to protect them from operational risks, enhancing the overall security and stability of their operations.

DXtrade features a number of broker-dealing and client management tools to which Tapaas functionalities will add. DXtrade’s advanced risk management functionality for FX dealers 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.

Available as a web trader, and on Android and iOS apps, other DXtrade features include alerts, 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 of Tapaas, commented:

“We attend to our clients’ needs by responding to emerging threats and requirements, continuously enhancing our platform. The integration between Tapaas and Devexperts for DXtrade responds to an imminent need for existing and 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 OCD Platform at Devexperts, said:

“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 take action where necessary.”

About Devexperts

Devexperts has been developing software for the capital markets since 2002. The company’s flagship solution is DXtrade, a platform for brokers offering investing in stocks, commodities, futures, options, forex, funds, and cryptocurrencies. Among their clients are retail and institutional brokerages, wealth-management firms, banks, and exchanges. With headquarters in Ireland, Devexperts’ development team consists of 900 engineers located in offices in the USA, Germany, Bulgaria, Singapore, Portugal, Turkey, and Georgia.

About Tapaas

Leading the industry for a decade, Tapaas is the premier risk management platform committed to solving the challenges of retail FX/CFD brokers. With offices in Australia and Cyprus, Tapaas operates around the clock to serve its clients worldwide, equipping them with real-time, actionable insights to identify and control risks, allowing them to safeguard and grow their businesses. Through its suite of complex real-time analytics in the form of dashboards, reports and alerts, Tapaas caters to the multifaceted nature of risk management and allows brokers to stay on top of any emerging or recurring risk.