Multi-Asset Trading Platform for B2Broker
Case study

Multi-Asset Trading Platform for B2Broker

About B2Broker

B2Broker is a liquidity and technology provider for the crypto and foreign exchange industry. The client specializes in providing B2B services and products for a wide range of institutional clients including large licensed brokers, crypto exchanges, crypto brokers, forex brokers, hedge and crypto funds, and professional managers. B2Broker offers FX, CFD, and cryptocurrency liquidity via multiple connection methods.

Business Challenge

B2Broker provides multi-asset technology that caters to the diverse needs of its customers by offering the best trading solutions available on the market. To extend its customer outreach, B2Broker required a crypto trading platform with spot (fiat-to-crypto and crypto-to-crypto with immediate delivery) and margin trading. The client also wanted to go beyond its already available off-the-shelf options. To do so, it needed to flexibly enhance and scale its crypto trading solution according to market demands. Considering this, B2Broker decided a custom trading solution would be the best choice. 

Solution

B2Broker chose to work with Devexperts after a thorough review of DXtrade Enterprise, Devexpert’s custom trading platform charged with crypto spot trading and multi-currency accounts. The platform offers a multitude of asset classes, along with a set of components and widgets such as charts, risk management, pricing, trading analytics, compliance, and a dealing desk. Its modular structure ensures the full spectrum of platform functions is ready for integration with the client’s existing infrastructure and licensed to them.

On top of that, Devexperts stands out with its impressive track record of and expertise in developing custom trading solutions.

Evgeny Sorokin, SVP of Software Engineering at Devexperts, and Artur Azizov, B2Broker CEO and Founder

“Margin trading has really increased in popularity despite the fact that derivative trading is what everyone tried to avoid when this was all starting out. Back in 2016, all traders preferred spot trading but business is now moving further towards derivative trading, justifying our decision to develop B2Margin and offer an attractive margin trading solution to our clients”.

Artur Azizov, B2Broker CEO and Founder

Devexperts delivered a setup comprising a retail trading platform integrated with an institutional trading platform. B2Broker provides the first as a white label solution and the second to onboard its clients.

Platform workspace

For a broader market view, Devexperts equipped B2Broker with a Time and Sales widget that displays trades happening on the retail trading platform to institutional users and vice versa.

Time and Sales widget

Devexperts also integrated the setup with B2BX, B2Broker’s cryptocurrency liquidity aggregator, OneZero Hub, a liquidity distribution system, and the MarksMan aggregator.

Devexperts integrated the setup with B2BX
Integration scheme

During the course of development, Devexperts was also able to tweak the trading solution as new requirements emerged.

First, B2Broker received custom per-session symbol mapping for trading and market data delivery over FIX.

Devexperts then updated the crypto trading solution with custom margins so traders can select a margin rate when an entry order is issued.

The dealing desk module was further improved with:

  1. Management of commission plans at the account level
  2. Control over swap and interest rate markups
  3. UI enhancements to better determine where each setting originates from (at the instrument and organization level).

Devexperts integrated B2Broker’s systems with CoinMarketCap API to pass the information on to CoinMarketCap about trading volume, which enhances B2Broker’s overall rating.

Results

Devexperts delivered a custom crypto trading platform with spot and margin trading. B2Broker was provided with a new solution to offer fiat-to-crypto and crypto-to-crypto spot trading with margin options.

Devexperts also:

  1. Setup two trading platforms, the retail platform integrated with the institutional one
  2. Integrated B2BX, OneZero Hub, and MarksMan aggregator with the platforms
  3. Integrated CoinMarketCap

Additional development included:

  1. A Time and Sales widget
  2. Symbol mapping in the FIX server
  3. Custom margins
  4. Improved dealing desk module.