Devexperts Partners With DriveWealth For Fractional Share Trading

Devexperts, a software solution provider that works with brokerage companies and financial institutions, has announced a partnership deal with DriveWealth. This partnership will allow users to trade or hold small fractions of shares in a process known as fractional share trading.

Devexperts partners with DriveWealth

Devexperts will have access to the securities of DriveWealth that allow users to invest as little as one dollar. The Director of Exchange Traded Solutions at Devexperts, Michael Sprachman, commented on this partnership deal, saying that trading activities have become more global and would offer the US market access to brokerage companies.

The executive further said that boosting access to trading activities was a priority for Devexperts. Furthermore, DriveWealth had an intense focus on fractional liquidity and micro shares, making it the ideal partner to offer brokers the needed technology to revamp the retail trading industry.

“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 said.

Devexperts is a platform that was founded in 2002. This platform is planning to integrate the offerings made possible by DriveWealth, making it possible for users to trade the listed securities on the DXtrade XT platform.

Devexperts is among the trading platforms that the company supports, besides the DXtrade CFD, which supports over-the-counter trading. It also supports DXmatch, which offers exchange solutions, and DxFeed, which captures and shares market data.

Devexperts is pleased with the integration of DriveWealth with the software solutions provider. This integration is being seen as an opportunity to support order routing. It will also bring added value to the customers based in the APAC, EMEA, LATAM, and US regions.

The information published on the Devexperts website indicates that it has a presence in many countries, such as Germany, Ireland, Lithuania, and Singapore. The integration of new solutions will make these services to be readily available.

Fractional share trading has become increasingly popular, and the activity is not unique to Devexperts. The majority of brokerage platforms are currently providing fractional share trading to attract young investors.

Fractional share trading helps to remove the barriers that come with investing in diversified portfolios. Interactive Brokers, a global electronic broker, has allegedly been providing fractional shares since 2019 amid its growing popularity.

Devexperts is growing its services

Devexperts released a mobile application last month for the DXtrade platform. This application was named DXtrade XT Mobile. The company is planning to boost the accessibility of trade to more users and make this service user-friendly.

The DXtrade XT mobile app offers access to a wide range of financial instruments such as bonds, futures, options, and stocks. The DXtrade XT solution by Devexperts has seen a significant increase in the number of users, including top retail brokers seeking to attract and retain users.