MT5 trading platform adds new single stock futures on DGCE to offering

MT5 trading platform adds new single stock futures on DGCE to offering

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Software developer MetaQuotes said on Thursday it has made available to users of the MetaTrader 5 (MT5) trading platform trading in the new single stock futures on the Dubai Gold and Commodities Exchange (DGCX).

After the addition of the new product, MT5 users have access to single stock futures of 15 blue-chip companies – five on US exchanges and ten on Indian exchanges. Among the most-popular names are Apple, Facebook, Microsoft, State Bank of India, and Tata Motors. According to Manoj Choudhary, head of MetaQuotes Software UAE, this will allow partner brokers to expand their services and offer greater opportunities to their clients.

The DGCX offers 15 equity futures and intends to increase the number to 100 by end-2016.

“Trading [single stock futures] contracts via the MetaTrader 5 platform will attract a lot of investors from the Middle East and North Africa, as it is primarily aimed to bring global products for the regional customers and provide unmatched cost efficiencies,” said Gaurang Desai, CEO of the DGCX.

Single stock futures are a type of futures contracts that requires traders to purchase a pre-determined number of stocks from a certain company at a price and date that were agreed upon in advance.

The MT5 is a widely-used platform for trading in forex, contracts for difference (CFDs), options, futures, and equities. It allows users to execute trades in several financial markets and stock exchanges using a single trading account. The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, EAs). It includes advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The MT5 allows four types of order execution – Instant, Request, Market and Exchange.

The platform is accessible as an application for desktop and mobile devices.

MetaQuotes is also the developer of the MetaTrader 4 (MT4) trading platform. Unlike it, however, the MT5 features functions for stock market traders.

MT5 trading is included in the offering of forex brokers WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.

Source: MetaQuotes


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