This is interesting piece of news. This is probably the first time Metaquotes performs an integration with a broker. Up until now Metaquotes only actively integrated with exchanges and Metatrader platforms had to be integrated with broker systems by brokers themselves or through third-party Metatrader integrators. Select brokers who are accepted by CitiFX Pro will now be able to offer MT5 and use Citi’s liquidity – basically MetaQuotes started bridging its platforms and liquidity providers which is a massive step up for the firm. For Metatrader 4 quite a few independent bridge providers were established to help solve this very problem. It seems they will be at direct competition with MetaQuotes on MT5 integration with liquidity providers from now on.
MetaQuotes Software Corp. announces the successful integration of its MetaTrader 5 trading platform and CitiFX Pro, owned and operated by Citi, one of the world leaders in the Forex market.
A special gateway developed by MetaQuotes Software Corp. has made integration of the two systems possible. MetaTrader 5 brokers can now access liquidity through the CitiFX Pro trading system. Citi, in turn, offers its customers round-the-clock liquidity for a wide range of financial instruments.
The MetaTrader 5 trading platform is known for its advanced technical characteristics as well as a rich functionality of its front-end and back-office components.
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“MetaTrader 5 users can now benefit from tight pricing and deep liquidity offered by Citi, one of the market leaders in foreign exchange trading,” said Sanjay Madgavkar, Head of FX Margin Trading at Citi.
“This integration of MetaTrader 5 trading platform and CitiFX Pro is more than just mutually beneficial,” said Gaies Chreis, COO of MetaQuotes Software Corp. “Brokers get an improved method to cover risks, CitiFX receives increased trading volume, and traders benefit from tight pricing and deep liquidity offered by CitiFX Pro. Everybody wins.”
About the company
MetaQuotes Software Corp. is a professional developer of software applications for financial markets. With more than a decade of experience, the company is a market leader, providing one of the best forex trading software packages. The company’s MetaTrader 5 trading platform provides features for trading not only on the forex market but also on stock exchanges.
Company website: http://www.metaquotes.net.