MetaQuotes Deploys MetaTrader 5 to Pakistan Mercantile Exchange

One of the leading trading software development companies in the foreign exchange industry, MetaQuotes Software, has issued a company announcement detailing its expansion into what is still considered an exotic market for trading related products. MetaQuotes unveiled that it has deployed its MetaTrader 5 platform to the Pakistan Mercantile Exchange (PMEX).

The CEO of MetaQuotes Software, Renat Fatkhullin, stated in the company’s announcement, ”Integration of MetaTrader 5 with PMEX is a complete technological solution that fully covers the needs of the exchange members. It does not only allow brokers to trade on Pakistan Mercantile Exchange via MetaTrader 5 but also provides the entire cycle of operational client accounting.”

“The MetaTrader 5 brokers that will use our new Gateway will have no need for additional plugins and back-office applications. MetaTrader 5 Gateway to PMEX contains all the required functionality,” he explained.

New Market with a New Subsidiary

Financial institutions and market participants trading on the exchange are already able to use MetaTrader 5 for trading on PMEX. The move comes in conjunction with an announcement by MetaQuotes that it will be opening an office in the country’s second largest city, Lahosa.

Metaquotes could be in for an expansion into other institutions on the local trading landscape, as it also detailed the goals of its new subsidiary in Pakistan, MetaPK. The firm will be delivering technical customer support to its clients and will be promoting the use of the whole arsenal of MetaQuotes products.

"The company believes in the development of the Pakistani financial industry, and is headed to quickly become a leading provider of the best Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term solutions," says Hamad Shah, Head of METAPK. Adding, "Already, several major member brokers of the Pakistani exchange have expressed their interest to offer MetaTrader 5.”

The Pakistan Mercantile Exchange Celebrates Its 10 Year Anniversary in 2015

The PMEX was established in 2005 and is the first and only commodity futures exchange in Pakistan. It is under the oversight of the Securities and Exchange Commission of Pakistan (SECP). The exchange started operating on the local market back in May 2007.

With the deployment and activation of the MetaTrader 5 Gateway on the exchange, all of its members will be able to provide their clients trading in gold, silver and oil futures, as well as some other assets.

The Managing Director of PMEX, Ejaz Ali Shah, stated in the announcement, “This is yet another milestone in PMEX’s brief history. Market participants now have a choice of an additional Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term over and above PMEX’s in house trading front end – NEXT, which will provide additional flexibility to the clients in terms of trading capabilities.”