One of the leading Thai brokers, Apple Wealth, has launched the MetaTrader 5 platform for trading on the local stock market. The offering has been in demo mode since the latter part of 2014. After a period of testing the stability of the system, MetaTrader 5 is now live and running on the SET (Stock Exchange of Thailand) and MAI (Market of Alternative Investment).
The launch of the platform will deliver to traders in Thailand a fully automated exchange trading experience from one of the most popular trading platforms.
Chonladet Khemarattana, the managing director of Apple Wealth Securities, commented in the announcement, “We are pleased to offer our customers the popular automated trading ecosystem with its diversity of services.”
“With the launch of MetaTrader 5, our traders receive access to the Market containing thousands of ready-made robots and indicators, as well as to the high-quality copy trading service for automated copying of signal providers’ deals, the Freelance service for ordering unique trading robots and even the built-in virtual hosting,” he concluded.
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While liquidity on the local stock market may present a challenge to algorithmic trading systems, there is still an opportunity for traders to delve into developing their own trading robots, or purchase such in the MetaTrader Market.
Hosting services are built in, allowing users to rent out a virtual platform launching Expert Advisors and indicators for uninterrupted operation with minimal network latency to the exchange.
The announcement by MetaQuotes highlights that Thai traders are to receive even more powerful tools in the near future. The offering will be expanded to include access to the Thailand Futures Exchange (TFEX).
“The gateway release will be announced after the successful completion of all necessary tests and certification procedures,” the statement reads.