Trading software developer MetaQuotes has marked another step on its road to incorporate its MetaTrader 5 platform (MT5) in securities markets around the world. The firm announced today that the broker 28E Capital has officially launched MT5 for its clients on the South African Futures Exchange (SAFEX). In 2014, the broker XP Investimentos launched MT5 trading for Brazilian equities.
“We are very pleased to have 28E Capital on board as the first South African broker to use the dedicated MetaTrader 5 Gateway we developed for SAFEX,” says André van der Walt, the CEO of Derivatives System Technologies – MetaQuotes’ official South African agent. “This is a very exciting time, as for the first time in South Africa, traders have the capability to develop trading robots for their ALSI trading strategies and take them live through a real account!”
28E Capital is a member of the Johannesburg Stock Exchange (JSE), offering trading in stocks on the JSE and in derivatives on SAFEX including futures, commodities, CFDs and options. Clients of 28E Capital are now able to trade with MT5 on two index futures (ALSI- JSE Top 40 Index Future and ALMI – JSE Top 40 Mini Index Future). In addition, the broker says that following indices, direct CFD trading for top South African stocks will be available in the near future.
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“We are delighted to offer an additional option to our clients in the form of MetaTrader 5,” said Hugo Gous, Director of 28E Capital. “This will allow our client to develop, test and trade algorithmic trading strategies on Safex and on CFD’s. We are very excited about this new opportunity.”