FX & crypto trading tech leader iTech Software just announced a new platform upgrade aimed at enhancing brokers and traders’ experience with its White Label solution. This release comes in the form of a multi-currency trading functionality and follows a couple of successful enhancements, including the full platform redesign and the improvement of existing features and addition of new ones.

The multi-currency trading capability of iTech’s trading platform offers institutional and individual users the ability to switch between currencies at the click of a button and enjoy the benefits of conducting cross-currency transactions.

Currently supporting over 1000 trading assets, including 130+ cryptocurrencies, this feature aligns with the fintech firm’s commitment to innovation and promoting a client-first approach.

What’s ‘Multi-currency Trading’ all about?

With the new enhancement, iTech Software’s trading platform becomes stronger and more competitive than ever. Below is an overview of what users can enjoy:

Quick and frictionless fund transfers

Capitalising on enhanced flexibility and personalisation, the multi-currency trading iTech platform uplift allows traders to effortlessly transfer funds between accounts denominated in multiple currencies. Not only does this streamline the trading process, it also improves the user experience, helping brokers increase customer satisfaction and lifetime value.

Improved brokerage oversight with automated currency conversion

In addition, the multi-currency trading functionality facilitates enhanced broker oversight. Brokers can now monitor the performance of all client accounts across multiple currencies with greater ease.

Automation-powered, the system converts any client-preferred currency into the broker’s business currency instantly. By automating currency conversion from the client’s account currency to the broker’s currency, it significantly increases efficiency on the broker’s side and facilitates laser-focused analyses, eliminating the risk of human error.

Flexible deposit options

Brokers looking to diversify their deposit methods can do so seamlessly with iTech Software’s platform. The multiple currency option allows brokers to accommodate traders’ payment preferences while streamlining their financial operations with automatic currency conversion into each account’s currency of choice. This simplifies transactions for both traders and brokers, who gain a clear, centralised view of every transaction carried out through the platform, right in the back-office system.

Seamless integration with iTech Software’s CRM and back-office technology

Fully synchronised with core iTech systems like iCRM and its underlying back-office technology, the multi-currency trading feature completes the FX, CFD and crypto trading platform developer’s stack.

Apart from increasing iTech’s value proposition, this technological enhancement provides a holistic, cost-effective solution for brokers, developed with traders in mind.

In the space of only two years, iTech’s technology bundle has evolved significantly. The platform revamp marked the start of a series of exciting developments rolled out fast-forward between 2023 and 2024.

In August 2024, the tech firm introduced two new functionalities, including “One-click Trade,” allowing traders to execute trades at a simple click and “Social Trading,” giving brokers the opportunity to generate new revenue streams by enabling traders to follow and copy the strategies of experts.

Last year, iTech also enhanced two existing platform functionalities, respectively the “Favorites” list, which has a personalised dashboard giving traders the possibility to arrange and mark assets as they prefer; and the “Client Profile Portal.”

The upgraded Client Profile Portal offloads the pressure of account management from brokers by simplifying the way in which they collect and manage client data. All these upgrades empower trading industry players to operate effectively and scale more easily than ever before.

In this context, the introduction of multi-currency trading marks an important milestone on iTech’s roadmap, underscoring the tech firm’s dedication to progressive innovation, ensuring its clients have access to the latest and highest-performance trading tools available on the market.

Looking forward to the future, the company appears to have set itself up for continued success. Visit iTech Software to make sure you never miss an update and request a product demonstration. Better yet, meet the team in person at Affiliate World Dubai on 26-27 February. Discover how iTech's cutting-edge solutions can transform your trading operations. Don’t miss the opportunity to experience the future of trading technology first-hand!

Source: Finance Magnates