The software solution provider that targets brokers and
financial institutions, Devexperts, has partnered with DriveWealth to allow
users trade or hold small fractions of shares, otherwise known as
fractional share trading. Devexperts will also access the securities of DriveWealth
to allow users invest as little as a dollar.
Commenting on the
partnership, Michael Sprachman, the Director of Exchange Traded Solutions at
Devexperts, said: “As trading continues to become more global, providing
the US market with access to brokers in all parts of the world remains a
priority to Devexperts.”
“DriveWealth, with
its focus on micro shares and fractional liquidity, is an ideal partner with
our goal of providing brokers with the necessary technology for them to
transform the retail trading experience and ensure access to investing services
for users of all ages and levels of financial expertise,” Sprachman added.
Founded in 2002,
Devexperts reportedly plans to integrate DriveWealth to enable users trade its listed securities on DXtrade XT. It is one of the trading
platforms the company offers besides DXtrade CFD for over-the-counter trading,
DXmatch for exchange solutions, and DxFeed for capturing and sharing market
data.
The software solutions
provider has praised the addition of DriveWealth as an opportunity to enable
order routing and to bring more value to its uses in the US, LATAM, EMEA, and the APAC
regions. According to the information on its website, Devexperts has a
presence in several locations globally, including Germany, Singapore, Ireland,
and Lithuania.
The concept of
fractional share trading is not unique to Devexperts but has become popular among
traders. Most brokers are now offering fractional share trading to attract young
investors and to eliminate barriers to investing in diversified portfolios. For
instance, the automated global electronic broker, Interactive Brokers, has
reportedly been offering
fractional shares since
2019.
Devexperts Expands Services
Meanwhile, FinanceMagnates reported last month that Devexperts had launched
a mobile application for
its DXtrade platform, dubbed DXtrade XT Mobile. The company aims to make
trading accessible to more users and to make it user-friendly. The app provides
a range of financial instruments, including stocks, options, bonds, and futures.
Devexperts’ DXtrade XT
solution has reported a growing list of users, including the major retail brokers.
The New Zealand-based BlackBull Markets recently rolled out a new FX
and CFD trading platform that
uses DXtrade XT. Similarly, the solution was integrated
by the multi-asset broker, Brokeree Solutions, in
May.
The software solution provider that targets brokers and
financial institutions, Devexperts, has partnered with DriveWealth to allow
users trade or hold small fractions of shares, otherwise known as
fractional share trading. Devexperts will also access the securities of DriveWealth
to allow users invest as little as a dollar.
Commenting on the
partnership, Michael Sprachman, the Director of Exchange Traded Solutions at
Devexperts, said: “As trading continues to become more global, providing
the US market with access to brokers in all parts of the world remains a
priority to Devexperts.”
“DriveWealth, with
its focus on micro shares and fractional liquidity, is an ideal partner with
our goal of providing brokers with the necessary technology for them to
transform the retail trading experience and ensure access to investing services
for users of all ages and levels of financial expertise,” Sprachman added.
Founded in 2002,
Devexperts reportedly plans to integrate DriveWealth to enable users trade its listed securities on DXtrade XT. It is one of the trading
platforms the company offers besides DXtrade CFD for over-the-counter trading,
DXmatch for exchange solutions, and DxFeed for capturing and sharing market
data.
The software solutions
provider has praised the addition of DriveWealth as an opportunity to enable
order routing and to bring more value to its uses in the US, LATAM, EMEA, and the APAC
regions. According to the information on its website, Devexperts has a
presence in several locations globally, including Germany, Singapore, Ireland,
and Lithuania.
The concept of
fractional share trading is not unique to Devexperts but has become popular among
traders. Most brokers are now offering fractional share trading to attract young
investors and to eliminate barriers to investing in diversified portfolios. For
instance, the automated global electronic broker, Interactive Brokers, has
reportedly been offering
fractional shares since
2019.
Devexperts Expands Services
Meanwhile, FinanceMagnates reported last month that Devexperts had launched
a mobile application for
its DXtrade platform, dubbed DXtrade XT Mobile. The company aims to make
trading accessible to more users and to make it user-friendly. The app provides
a range of financial instruments, including stocks, options, bonds, and futures.
Devexperts’ DXtrade XT
solution has reported a growing list of users, including the major retail brokers.
The New Zealand-based BlackBull Markets recently rolled out a new FX
and CFD trading platform that
uses DXtrade XT. Similarly, the solution was integrated
by the multi-asset broker, Brokeree Solutions, in
May.
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- Source: https://www.financemagnates.com//forex/brokers/devexperts-eyes-fractional-share-trading-in-new-partnership-with-drivewealth/
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