Devexperts announced plans to open a new office in
Dubai by mid-2025. The decision is the company’s response to a surge in demand
for trading and financial software solutions in the Middle East and North
Africa (MENA) region. It is reportedly driven by the UAE and Saudi Arabia’s
flourishing trading markets.
Addressing Market Demand
Since its inception in 2002, Devexperts has
established itself as a provider of software solutions for the capital markets. The
company features products such as DXtrade and DXmatch, which serve brokerages,
banks, and exchanges worldwide.
“The MENA region is fast becoming a hotspot for the
trading industry, driving significant opportunities for brokerages,” said Ben
Hurley, CEO of Devexperts. “Our client base in the UAE and Saudi Arabia has
increased rapidly over the past two years, leading us to take the formal
decision to open an office in Dubai. This will allow us to better cater to both
new and existing clients.”
Devexperts’ decision to expand into Dubai reportedly aligns
with its broader global strategy, which has already seen the company
strengthen its presence in the APAC region and the United States.
Boosting Presence in Singapore and Australia
Earlier this year, Devexperts boosted its teams
in Singapore and Australia, highlighting a focus on key international markets. Hurley
highlighted the importance of Dubai in the company’s global footprint.
“We are an
international company predominantly based in Europe and the USA, but our
business globally is both strong and active. Establishing our presence in the
UAE ensures we can continue to meet client needs while capitalizing on new
opportunities in the region,” he said.
Devexperts’ flagship platform, DXtrade, supports multi-asset trading in stocks, commodities, forex, and cryptocurrencies. DXmatch offers an ultra-fast matching engine, while DXcharts
provides charting tools.
In October, Devexperts named Ben Hurley its new Chief Executive Officer. Hurley, who has worked with Devexperts since 2022, took over from Michael Babushkin. Before this, he was the Country Manager in Ireland. In this role, he reportedly played an important role in enhancing the company’s operations and championing its restructuring project.
This article was written by Jared Kirui at www.financemagnates.com.
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