An official ceremony marking the MetaTrader 5 integration with the Middle East’s largest exchange, Borsa Istanbul, took place on Monday in the Turkish capital. The ceremony was attended by key industry players from Turkey and other Middle Eastern countries according to the announcement, including CEOs, IT directors and top managers of sixty brokerage companies.
Borsa Istanbul was created by the merging of the Istanbul Stock Exchange, Istanbul Gold Exchange and Derivatives Exchange of Turkey into one venue in April 2013. MetaQuotes has begun working on integrating its platform with the exchange since 2013 and a year ago announced that MT5 became compliant with it.
During Monday’s ceremony, Noor Capital Markets, one of Turkey’s leading brokers, sent a request for the first futures contract via the trading platform. Jihad Shannak, General Manager of Noor Capital Markets, commented at the event: “We target to provide our investors the opportunity to do the Forex and the VIOP transactions 7 times faster by providing them MetaTrader 5 also in the Gulf Area where we are established.
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With the cooperation of MetaQuotes who developed MetaTrader and the Turkish office, we will be moving on transferring our innovative act through the investment market technologically both in Turkey and the Gulf Area.”
“This is an important event both for our company and the Middle Eastern markets”, added Mehmet Yildiz, Head of MetaTürk Finansal Yazılım A.Ş. “We are glad that our developments spark interest among the key players in the region, and we are interested in further strengthening our positions here. We are grateful to Noor CM for cooperation.”