Devexperts
About Devexperts
Since 2002, Devexperts has been designing and delivering advanced financial software for exchanges, brokerages, banks, and wealth management firms. Our portfolio spans trading platforms, market analytics solutions, exchange technology, and market data services. Backed by decades of industry experience, we combine technical excellence with deep expertise in trading and market technologies to power the financial institutions of tomorrow.
Since 2002, Devexperts has been designing and delivering advanced financial software for exchanges, brokerages, banks, and wealth management firms. Our portfolio spans trading platforms, market analytics solutions, exchange technology, and market data services. Backed by decades of industry experience, we combine technical excellence with deep expertise in trading and market technologies to power the financial institutions of tomorrow.
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DXcharts for Mobile Platform: Implementing Native Charting for iOS and Android Apps
Business Challenge
Mobile traffic is growing yearly. This includes increased usage from professional and amateur traders who access the market 24/7, thanks to the new flexibility that mobile versions of desktop trading platforms provide.
DXcharts received a large volume of requests that indicated, despite these trends in end-user behavior, there was yet to be a native charting library offering for iOS and Android mobile applications. The only solutions available on the market were, in fact, web-based solutions that just mimic native apps and aren’t ready to facilitate the full capabilities of modern mobile devices.
Given the significant number of users transitioning to mobile applications, there is a clear need for charting capabilities.
The DXcharts team saw this as an opportunity and decided to use their accumulated industry experience to build a solution that would align with the quality expectations and standards of the capital markets industry.
Solution
The Devexperts team was already experienced in building native mobile solutions with charts and various technical analysis tools. There were multiple ways to provide a solution:
Take our legacy libraries and update them to align with modern quality standards. However, this approach presented many technical challenges, which could lead to an outdated solution that does not meet modern users’ needs.
Start from scratch. This path didn’t fit our lean approach and objective to quickly deliver a quality solution to the market.
Use the core of our advanced web charts and logic to build a mobile solution.
The third option seemed the most promising. We evaluated the effectiveness of this strategy and concluded the approach offered numerous advantages:
Accelerated time to market. By building on the core of web charting with mobile-optimized code (for better UX), there was no need to start from scratch.
Reduced cost. The chosen option did not require a large team and could be implemented quickly.
Met all objectives. A native application tailored to mobile traders’ needs filled the identified gap in the market.
Results
Mobile and desktop traders’ user scenarios are different, so our product team revised the existing features of DXcharts. Instead of providing all features available for the web and desktop, we focused on the interactive chart canvas. Meanwhile, we built and designed the entire UX from scratch in native mobile code.
Indicator configuration in DXcharts Mobile
DXcharts mobile application is essentially an embedded browser rendering the core chart. A significant advantage of this approach was that if new features are added to the core web chart in the future, they will automatically be accessible in the mobile application with minimal effort from the mobile developers.
Our team for this project consisted of only three developers, who accomplished the task in a short time, developing two native mobile libraries for applications around the charting core. This efficient delivery demonstrated the resources needed for future mobile app integrations.
DXcharts mobile libraries
In the shortest possible time frame, the DXcharts product line obtained full-fledged charts for native mobile applications that provide users with complete freedom of action and a full range of functionality comparable to the web version of the product.
Devexperts is currently integrating the new mobile charts with our existing DXtrade applications. As a result, DXcharts customers will soon have advanced, multifunctional, and powerful mobile charts with a wealth of features available in the latest versions of web charts, outperforming the competition in the market.
DXcharts for Mobile is designed to help brokers provide a unique service to their end-users. Your firm can be among the first to explore DXcharts for mobile.
Custom Platform and Charting for Trading Industry Giant
About the Client
Devexpert’s client, a giant in the global fintech space with over 10 million monthly users, has built a reputation for prioritizing accessibility. In addition to focusing on equality, they are also determined to provide tools and services within their platform that are simple and intuitive, with maximum benefit to traders.
Business Challenge
As the client had successfully created an identity as a uniquely forward-thinking and client-centered firm, they needed a platform with charting and risk management performance to match.
They realized that getting it right would require the freedom and flexibility to tailor a solution to whatever degree was needed.
When it comes to platform user experience it’s hard to look past the influence of charting. If the libraries and tools a platform provides are clunky, have counter-intuitive navigation, limited flexibility and customization of layouts, and poor UI and design, the combined impact on retention is detrimental. The reality is that traders are unlikely to stick around.
The client wanted a charting solution to complement their platform that was tailored to traders on a noteworthy level. They needed to provide a distinctly impressive experience that aligned with their ‘brand promise’ to their clients.
This meant they were looking for charting with a modern and attractive UI design, maximum flexibility for traders to create their preferred layouts, and of course, a full range of drawings, indicators, and analysis tools.
Solution
Charting
Devexperts presented the DXcharts source code option as an ideal fit. Deep customization was conducted to create the charting experience that the client had outlined. The integration delivered the following features:
Advanced charting tools
Multiple chart types, including candle, line, and Heikin Ashi, with customizable intervals and a full suite of technical indicators such as moving averages and Bollinger Bands.
Customizable layouts
A modern layout engine allows users to build personalized setups by resizing, repositioning, and linking widgets.
Real-time data
Sub-second data updates ensure traders receive the most up-to-date information for decision-making.
Seamless trading integration
Users can initiate trades directly from charts, streamlining the trading process.
Built-in user analytics
Granular reporting enables the client to monitor user satisfaction and performance effectively.
For a platform with 10 million+ monthly users, off-the-shelf charting just wasn’t an option for this client. They needed deep customization to give traders what was expected from their brand, in terms of flexibility, speed, and tools. We were able to deliver a high-performance solution that integrated super smoothly with their ecosystem. DXcharts keep traders engaged by giving an intuitive experience.
— Denis Krivolapov, Product Manager, DXcharts
Risk management
To address their need for a high-performance and reliable risk management solution, Devexperts presented a system based on DXtrade.
The benefits of this path were that DXtrade, being used globally by over twenty million traders daily, could concretely demonstrate its reliability and performance.
DXtrade’s risk management system proactively manages risk, with a balance between automation and reserving a means of manual control.
The following capabilities were included in the risk management solution, to adapt to the client’s specific needs:
Post-trade and risk management integration
A comprehensive system built on the DXtrade product was implemented to integrate with the client’s existing trading platforms.
Futures account support
DXtrade’s web broker tools simultaneously support accounts trading different asset classes. (e.g. equities, equity options, futures, with upcoming support for futures options).
Custom metrics-based logic
Risk officers can identify risky portfolios and, when necessary, trade on behalf of customers to manage risks effectively.
Results
The integrations successfully achieved the following results:
Enhanced trader experience
Strengthened retention and attraction to platform and services
Risk management capabilities: The post-trade and risk management system provided risk officers with tools to efficiently identify risky portfolios and take appropriate action.
Scalability and performance: The DXtrade system supports 400,000 accounts and 4 million positions while maintaining optimal performance. Advanced sorting and filtering functionalities have further improved operational efficiency.
Upcoming support for futures options and SPAN margin calculations now ensures the platform remains future-proof and aligned with the client’s growth ambitions.
Devexperts combined DXtrade’s post-trade and risk management capabilities with DXcharts’ advanced charting tools, to deliver a solution tailored to the client’s exact needs. The client now sets a competitive benchmark for trader-centric platforms in the industry.
Optimizing a Prop Trading Firm’s Client Journey and Experience
GoldFunded is a proprietary trading firm offering a unique twist on prop trading by rewarding its top-funded clients with gold bullion as well as funded trading accounts. Prospective funded traders are able to participate in trading challenges, as well as a verification and evaluation process in order to ensure their suitability for a funded account. The firm prioritizes the provision of a smooth journey from demo to “Gold Funded” trading status for successful clients.
Business Challenge
GoldFunded aimed to make the client’s trading journey through the various stages of the challenge, verification, and evaluation process as frictionless as possible. The need to create different accounts for interacting with the company’s various platforms was a pain point they sought to alleviate by making the process as automated and quick for the end user as possible.
The ongoing partnership between Devexperts and Nobosso was a perfect fit in this instance. It enables brokers licensing the DXtrade platform to utilize Nobosso’s NBS360 prop trading dashboard, resulting in a much smoother experience for traders.
The client required the following:
A professional trading experience via a feature-rich platform that could be easily integrated with the firm’s other prop trading systems.
The ability for users to maintain the same account throughout their trading journey.
A suitable risk management dashboard to provide key metrics to users via an attractive front-end, while allowing the firm to manage risk in a professional manner on the backend.
The ability to manage affiliates and discounts independently of any payment provider.
Solution
GoldFunded chose the DXtrade platform from Devexperts due to its advanced feature set, public API, and flexible user management features. This allowed several of its business challenges to be met, while also making for easy integration with Nobosso’s NBS360 prop trading dashboard. The combination of DXtrade’s trading features and customizability with NBS360’s established prop trading management features provided all the key features required by the client.
This created a much smoother trading experience for GoldFunded clients, allowing the various evaluation phases to be progressed through smoothly and without the need of a change in credentials.
Risk management features were easily integrated with the backend of DXtrade owing to its open API and extensive documentation.
Affiliate and discount management capabilities were also separated from payment providers and implemented within the company’s partner portal, offering the firm enhanced flexibility and independence from any single provider of payment services.
Results
The collaboration demonstrated DXtrade’s flexibility and ease of integration, proving it to be as valuable to prop trading businesses as it is to brokers offering CFDs and listed securities. The integration with valued partners like Nobosso provided GoldFunded with:
Zero waiting times for end users
A seamless customer journey with continuous account usage
Enhanced risk management functionality for both users and the company.
The partnership with Nobosso has been a particularly fruitful one, to date it has resulted in over 1bn USD in prop trading volumes and has enhanced the end user’s experience, leading to zero waiting times for end users as they graduate between prop trading stages, as well as allowing them to maintain a single continuous account throughout the trading journey.
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