Devexperts, an Irish capital markets software developer, has announced plans to establish an office in Dubai. The company is making this move to increase its footprint in the MENA region.
The Dubai office will be operational in mid-2025. Devexperts hopes to tap into the increased demand for software products, particularly on trading platforms, it has observed in the MENA region.
The expansion will also bolster the company’s presence in the Asia-Pacific region as well as in the US. Earlier this year, the company also increased its workforce in Singapore and Australia.
Ben Hurley, CEO of Devexperts, said “The MENA region is fast becoming a hotspot for the trading industry, driving significant opportunities for brokerages. Devexperts’ client base in the UAE and Saudi Arabia has increased rapidly over the past two years and leading us to now taking the formal decision to open an office in Dubai. This will allow us to better cater to both our new and existing clients in the UAE and neighbouring countries.”
“This is a strategic business decision and we are looking forward to establishing our presence in the UAE, continuing to support brokerages and other financial firms in the region with our services. We are an international company and whilst we are predominantly based in Europe and the USA, our business globally is both strong and active. As we continue to grow, we will also continue to strengthen our teams in key regions, in order to ensure we are able to go on meeting client needs, as well as take advantage of new business opportunities,” he added.
Hurley was appointed as the new CEO of Devexperts last October after starting to work at the firm in 2022. Before this role, he was Ireland’s country manager.
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By GlobalDataDXtrade is the firm’s flagship product. It allows for multi-asset stock trading, commodities, forex and cryptocurrencies. The company also has a market data service, dxFeed, which offers financial market data and services. Additionally, the business offers financial firms consulting and custom development services.