MetaQuotes Software Corp. is continuing its offerings of global stock and commodity exchanges by integrating with one of Latin Americas largest exchanges the BM&FBOVESPA in Brazil. The partnership covers the Bolsa de Valores de São Paulo and the Brazilian Mercantile and Futures Exchange in Brazil. Registered brokers on the BM&FBOVESPA may offer online trading operations to investors in Brazil, using the trading platform MetaTrader 5.
The platform is endorsed by the exchange and the certification of MetaTrader 5 will allow brokerages who are members of BM&FBOVESPA to use the platform via a special gateway to provide trading services to their investors. The BM&FBOVESPA, is one of four international stock exchanges to certify the MetaTrader 5 this year.
The Brazilian stock index is trading at 60,774.61.
One of Brazil’s leading online brokers, XP Investimentos, is the first in Brazil to offer trading services to Brazilian investors through technology Metatrader 5. XP has made tremendous efforts and a lot of investment over the past year to provide technology MetaTrader 5 with respect to trading Automated (Automated Trading), High Frequency (High Frequency) and negotiation with Algorithms (Algorithmic trading) for Brazilian investors.
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Alexandre Marchetti, director of operations for XP says: “The MetaTrader 5 platform will add tremendous value to customers of XP. It is a fundamental trading system for professional traders that will help our customers maximize their strategies and profit!”.
MetaTrader 5 provides a full range of solutions that support efficient trading in financial markets. Some of its key features include;
- powerful and flexible module for back-office,
- front-end system with modern advanced trading,
- technical analysis,
Gaies Chreis, President of MetaQuotes Software Corp, Mentions: “We have created a successful platform for high quality that meets all requirements of the BM&FBOVESPA and we will continue with our efforts to offer even more opportunities in our platform for the exchange members. This promising market has a strong demand for our technology and we want to satisfy you”.
MetaQuotes have traditionally offered OTC products via their popular trading platforms like MT3 & MT4, the architecture of MT5 means diverse products can be traded on the platform including equities, futures and OTC derivatives.
Brazil’s financial regulator; CVM has been discouraging retail investors from investing in OTC Foreign Exchange trading, only brokers regulated by CVM can offer investment products – FX or CFDs are no recognised by the CVM.