Days are getting longer and the air is fresher—it’s the perfect time to trade away in the company of close friends. Embrace the season with new DXtrade improvement: execute smarter with Volume-Aware Execution, stay in the loop with real-time Order Status Notifications, and make the most of every opportunity. Read on to uncover what’s new!

Prop trading

Volume-aware execution: Per-user liquidity

With volume-aware execution, the simulation engine emulates live trading with matching over a centralized order book. The orders in the simulator are executed against Level 2 quotes as follows: if the order’s volume is equal or less than the best L2 quote, the order will be filled against the best quote; if the order’s volume is more than the best L2 quote, it will be partially filled against the best quote, and the remaining part will be filled against the next best quote until the order is filled completely. However, some prop traders might be tempted to use this as a loophole and gain an unfair advantage by getting a better execution price on multiple small orders. In this release, this loophole is closed once and for good: the simulator now restricts the total volume of executed orders from the same user (across all accounts registered to this user) against the same L2 quote.

Broker Tools

Order status notifications

Starting from this release, the broker personnel can immediately view the results of their order-related activities, such as order placement, fill, or cancelation. Now, Broker Tools display order status notifications in the top right corner, similar to Web Trader order status notifications. The notifications include the account code to help broker personnel quickly identify the account that a specific order relates to. If there are more than five order status notifications, they are stacked in one. The notifications that Broker Tools users missed when they had been offline are shown at their next login.

Order status notifications
Order status notifications

Lots of new improvements for prop trading are on the way this spring. DXtrade is becoming even more attuned to the needs of traders, especially those trading in futures and options. Keep an eye out for the updates and

Stay tuned,
The DXtrade team