MetaQuotes Software, developer of the popular MT4 and MT5 trading platform, has announced that its MetaTrader 5 trading platform has been integrated with FXCM Pro, the institutional Forex and CFD liquidity provider division of FXCM Inc (NYSE:FXCM).
Brokers, institutional investors and professional traders using MT5 can now benefit from trade execution on Forex and CFD markets via FXCM Pro.
MetaQuotes has been making a big marketing push lately, adding hedging features and more languages to MT5, encouraging both traders and brokers to migrate to its newer MT5 platform from the very popular and still dominant MT4.
This native connectivity gateway developed by MetaQuotes Software provides reliable data exchange between MetaTrader 5 and the liquidity provider’s software. The gateway enables brokers to connect to FXCM Pro in order to receive market data and execute trade operations on the provider’s side. The benefits of the direct connectivity to global liquidity providers are: brokers can hedge Forex orders through access to the interbank markets while providing better pricing to their traders.
Brandon Mulvihill, FXCM Pro
Brandon Mulvihill, MD and Global Head of FXCM Pro stated:
FXCM Pro is excited to be among the first liquidity providers to complete a custom integration to MetaTrader 5. Once again, MetaQuotes is at the forefront of delivering tools based on client demand, which center around speed and transparency of execution. Our joint integration removes the need for an external gateway, thus cutting latency times and allowing customers access to an FX/CFD liquidity pool that generates on average over $14 billion of volumes and over 550,000 trades, daily.
Renat Fatkhullin, CEO of MetaQuotes Software Corp. added:
We are committed to providing our clients with connectivity to the best global liquidity providers in the forex and stock markets. We continue to expand the possibilities of the mutli-asset MetaTrader 5 platform for institutional investors, and we will release more gateways soon.