The renowned platform for retail foreign exchange traders, MetaTrader has just received a boost to the offering from a new service. The company which is developing MT4 and MT5, MetaQuotes has partnered up with Alliance News Ltd to introduce a new newswire product.
Traders whose brokers have enabled access to the market-moving headlines in real-time will enjoy a number of added value products. The solution is not limited to foreign exchange but also covers the UK, major European and US equity markets. Ratings changes by some major brokerage houses, price targets, interviews and earning reports reviews are also on the table.
With Alliance News based in London, naturally the service is more oriented towards the local market with commentary on the London market open, the afternoon session and US open and UK winners & losers. In addition traders will get access to calendars of corporate and economic events and some tables of comparative and historic economic indicators.
The Alliance News add-on will be available to all brokers who are using MetaTrader but is an additional charge. The market news service will be available for ordering via MetaQuotes but contracted directly with Alliance and billed by Alliance News.
The service is embedded in the MetaTrader application, but needs to be enabled unlike some other solutions available to MT4 and MT5 users, it is not a standalone app.
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The Chief Executive of Alliance News, Tom Waite commented in the announcement, “Brokers and trading firms offering access to Alliance News via MetaTrader want to give their clients the confidence to make rapid and good trading decisions.”
information from Alliance News will be very useful for traders who need to perform market analysis
Brokers will pay Alliance for the service and may or may not pass the charge on to end clients. Every broker will have the liberty to choose whether or not to bill its clients. While some more active traders may get access for free, others which are not generating enough volumes would have to pay in order to gain access to the newswire.
The Alliance News Professional newswire is delivering news which cane be used to trade equities, CFDs, foreign exchange, options and futures, with data on some 2,400 public companies available.
MetaQuotes’ CEO Renat Fatkhullin added, “Financial information from Alliance News will be very useful for traders who need to perform a thorough analysis of the market situation. High-quality news articles, as well as their frequency and efficiency will certainly find loyal fans among our traders.”