Inside Devexperts’ approach to futures trading system development

https://devexperts.com/blog/how-to-build-a-futures-trading-system/

As interest in futures trading continues to grow, so too does demand for robust and scalable trading technology. Devexperts, a leading FinTech software provider, has shared its deep experience in building futures trading systems—offering insight into both technical requirements and strategic considerations.

One of the first decisions to address is whether to build systems in-house or outsource their development. Devexperts acknowledges its bias as a provider of ready-to-integrate components, but it also supports clients with custom solutions and third-party integrations. While in-house systems offer full control, they can carry significant development and operational costs. Outsourced platforms often provide faster time-to-market and reduced maintenance, especially for firms with limited resources.

The hardware and software setup of a trading business depends heavily on its function. Entities requiringlow latency, such as market makers and high-frequency trading firms, must deploy bare-metal servers and colocate infrastructure at exchange data centres. On the other hand, retail brokers can rely on more flexible setups like SaaS solutions and virtual machines, integrating with providers like CQG or StoneX.

User interfaces (UIs) play a vital role in both client engagement and operational oversight. A trading system typically requires multiple UIs—from the customer-facing platform and admin dashboard to interfaces for compliance, technical operations, and back-office processes. These systems must be unified through a backend with robust order management, risk management, and open APIs for seamless integration with third-party tools.

At the heart of the platform is the matching engine. Devexperts’ DXmatch is a clustered, replicated state machine that leverages the RAFT protocol to achieve distributed consensus. The matching engine is an example of a Devexperts component that can be used in isolation, or part of a larger development. Matching engines must support a variety of order types, such as Limit, Stop, Stop Limit and Market, it said. They must also have an execution algorithm to define how incoming orders are processed.

Over the years, Devexperts has played a key role in delivering trading infrastructure across the industry. Its approach centres on offering modular components—like trading platforms, matching engines, OMS solutions and more —that can be combined into tailored solutions. For more specialised needs, custom development and third-party integration services are also available.

Devexperts’ core offerings include DXcharts for charting, various versions of its DXtrade platform, DXmatch matching engines, and DXOMS for order management. Risk management and real-time exposure tools are also bundled into DXtrade, while market data solutions are offered through subsidiary dxFeed, including tick-level data and custom index tools.

Read the full guide here.

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