MetaQuotes has announced that they have received certification for their MetaTrader 5 platform by the Warsaw Stock Exchange (WSE). According to MetaQuotes the “Certification means that MetaTrader 5 has passed all necessary tests and meets all requirements of the stock exchange. The special gateway has been developed for MetaTrader 5 to provide connection to Warsaw Stock Exchange.” As a certified platform, WSE broker members will now be able to offer the platform to their clients.
The news follows a similar announcement in April of the technology provider receiving certification from the CME. Unlike the case with the CME, where MT5 will have a tough time competing against established platforms which are customized for futures trading, the WSE should provide a more welcoming market.
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One of the major trends taking place in Poland is the uptake of FX trading at major banks. Banks have been late adopters to offering the asset to their customers due to healthy margins they were netting in the exchange traded products. However, with their established client bases intact, banks have recently become more interested in offering FX trading to their clients. When doing so, firms have either launched separate FX units that utilized a separate platform and account, or begun to offer multi-asset platforms that could integrate a bank’s entire product line within one system. In regards to the latter, PFSOFT’s multi-asset platform Protrader was launched by Alior Bank. As such, with the WSE certification, it will provide Polish firms the ability to add FX trading alongside their traditional exchange traded products on one platform.