Exchange Simulator for US Brokerage
Case study

Exchange Simulator for US Brokerage

About the Client

The client is a US brokerage firm with a platform designed for the active trader who is primarily interested in trading derivatives. With extremely fast and stable data feeds, the platform supports the trading of stocks, options, futures, and futures options. The client is considered safe as it is regulated by a top-tier regulator, the US FINRA.

Business Challenge

When the business was launched, the client’s trading platform started to gain popularity among self-directed investors. The client wanted to continue riding the wave and decided to enhance the education and onboarding with the simulated trading mode, where its customers would be able to preview trading platform features or test their trading strategies without risking real money or completing full brokerage onboarding paperwork.

As the client wanted to concentrate on its core business functions, it decided to outsource the development of the components required for simulated trading mode.

The client selected Devexperts due to its expertise in options trading software and the flexibility of its products ensured by an extensive set of APIs.


To solve this task, Devexperts used a part of the DXtrade Enterprise multi-asset solution. Devexperts took its FIX-based order routing and execution component providing exchange execution simulation and prepared it for the integration with the client’s options trading platform. All parts of DXtrade Enterprise are detachable and can be delivered to the client as a stand-alone component. The client only needed to install and integrate it into its environment.  This autoexecution module was connected with the client’s market data provider (dxFeed) and OMS via the FIX protocol. It supports issue, replace, or cancel of Market, Limit, and Stop orders for Stocks, ETFs, and warrants. It conforms to all the technical requirements such as the throughput or 100 orders per second, and the latency of 100 milliseconds.


The client received the necessary Exchange simulator component within several days. This backend component allowed it to attract more customers and make them loyal during the testing period. It also let them enter the trading education business.

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