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Polish integrator Empirica Software has partnered with Russian fintech company MetaQuotes, the developer of the MetaTrader (MT) trading platforms, to develop institutional solutions for the MT5, the Russian company said on Thursday.
Empirica Software has started the development of such brokerage solution, but on what exactly it is working was not disclosed.
“We are pioneers in developing intelligent robo-technology based on machine learning. Now in cooperation with MetaQuotes we will support brokerage firms and investment companies in MetaTrader server extensions that will meet their specific requirements and needs in relation to the forex market. The customers of MetaQuotes can benefit from our ability to combine the high technical expertise and deep industry knowledge of our team,” said Michal Rozanski, CEO at Empirica.
Empirica Software is not the first integrator to launch institutional solutions for МТ5. Just earlier this month, Tools for Brokers also released a portfolio of MT5 brokerage tools. Prior to that, the company’s offering included MT4 solutions, but not such for MT5.
“The Polish integrator Empirica Software has become the next institutional software provider for companies using the advanced multi-asset platform,” MetaQuotes said in a notice. “The trend becomes more visible as more brokers actively switching to MetaTrader 5 generate a demand for applications expanding and complementing the platform features, while tech service providers strive to satisfy this demand by pushing further the development of the platform and its infrastructure.”
Recently, MT5 has been gaining momentum as the number of brokers that adopt the platform has been growing weekly. Interest in the platform started growing after it was added a hedging capability in late March 2016. In addition, the platform developer has expressed intentions to stop issuing updates to the MT4 as it seeks to focus entirely on the MT5, which additionally contributed to the growing popularity of the MT5.
MT5 is the successor of MT4, which is the worlds’ most widely-used forex trading platform. It uses MQL5 programming language and allow automated trading via Expert Advisors (EAs). It is available as an application for desktop and mobile devices and features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The platform allows four types of order execution – Instant, Request, Market and Exchange.