Do not invest more money than you can afford to lose.
Software company MetaQuotes said on Monday its multi-asset trading platform MetaTrader 5 (MT5) has launched a gateway to e-trading and charting platform CQG after collaborating with its developer, software technology provider Forexware. As a result, MT5 users gain direct access to a number of instruments traded on global exchanges, such as CME, CBOT, NYMEX, ICE, and EUREX, among others.
“We are excited to connect MetaTrader 5 customers to new markets worldwide.,” said Mike Glista, CQG Vice President Continuum. “Through our Continuum Connect API these customers can access real-time and historical market data for futures, equities, and foreign exchange instruments while also connecting to our fast and reliable trade routing infrastructure,” he added.
MT5 has already received purchase orders for the CQG gateway, MetaQuotes said, without providing details.
“With this integration our clients will be able to access OTC FX, Futures and Equities in one platform with full depth of book. We’re confident that MetaTrader 5 will become the new industry standard for all brokers going forward,“ said Fred Scala, Forexware Vice President Global Head of Sales.
The news comes shortly after MetaQuotes brought a new connectivity gateway for integration with Interactive Brokers through oneZero Financial Systems’ one Zero Hub product. The gateway provides the possibility to trade stocks, futures and other exchange traded instruments on some the largest global exchanges.
Russia-based MetaQuotes has been actively enhancing MT5 and prompting both brokers and traders to switch to MT5 from MetaTrader 4 (MT4), its predecessor. Both MT4 and MT5 are world industry leaders. The platform developer said it is working on further expanding MT5’s functionality and to expand its geographical presence.
„We are not going to rest on our laurels. Instead, we intend to speed up both the platform development and its expansion into new markets,” said Renat Fatkhullin, CEO of MetaQuotes Software. “This year, the MetaTrader 5 trading platform has received hedging support and a cross-platform web version, actively reinforced its presence in the Asian markets and added a variety of integration gateways. All this has naturally caused a stir among Exchange and Forex brokers,” he added.
The MT5 is one of the most widely-used trading platforms for forex, contracts for difference (CFDs), options, futures, and equities trading instruments. It allows, through a single trading account, the execution of orders in several financial markets and stock exchanges. The platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. It allows four types of order execution – Instant, Request, Market and Exchange. Recently its developer added hedging to the MT5 desktop and mobile platforms.
The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, EAs). It is available for desktop and mobile devices, and via the web after earlier this year MetaQuotes released a web-based version.
MT5 trading is included in the offering of forex brokers WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.
US-based CQG provides quotes to global banks, investment companies, brokers and other major market participants. Its products include trading platforms and charting, analysis and market data tools.The company’s own infrastructure allows it to receive quotes directly from exchanges without intermediaries. In May, forex charting platform TradingView launched live trading, using technology solutions from CQG. Earlier this month, it also added CQG’s Depth of Market (DOM) trading tool.Among the brokers that use CQG are Gain Capital, Rakuten Securities, Oanda, DirectFX, Wedbush, and others.
