Popular currency trading software from MetaQuotes MT5, the successor to MetaTrader 4, is capable of providing a single platform to trade from in multiple asset classes, which is in demand from traders across the trading industry. It is likely to be implemented more and more over the next few years as traders look for enhanced capabilities from their trading software. You can add Brazil’s São Paulo Stock Exchange the BM&FBovespa to the list of exchanges providing market access through the MT5 platform. To this end, Brazil’s largest independent broker XP Investimentos has officially launched MetaTrader 5 to provide DMA to the São Paulo Stock Exchange.
Architecture of MetaTrader 5 Trading Platform
Last year it was announced that MT5 was certified by the Chicago Mercantile Exchange (CME) as well. Thus, brokers can provide MT5 to clients who would like to access liquidity on the Chicago based exchange. MT5 allows brokers to offer more to active currency traders aside from dealing strictly in FX and CFDs, direct market access across multiple asset classes in a simple to use platform is a traders dream.
Below is the official press release:
SAO PAULO, Brazil, June 5, 2014- MetaQuotes Software is pleased to announce that its MetaTrader 5 trading platform has entered the Brazilian market. The largest independent Broker in Brazil XP Investimentos has officially launched MetaTrader 5. This means that more than 80,000 customers of the company can now trade in the financial markets using the world famous platform.
Importantly, traders can trade not only currency instruments, but also stocks and futures of Brazilian companies. To connect to the São Paulo Stock Exchange BM&FBovespa, XP Investimentos specialists have developed a special gateway to provide correct execution of trades and delivery of market quotes. Finally, customers of XP Investimentos can fully appreciate the benefits of stock trading with the MetaTrader 5 platform.
XP Investimentos rigorously tested the terminal prior to announce the launch of the new service publicly. “For more than 10 months, MetaTrader 5 was available only to 100 users selected for beta testing of the product. Only after the final debugging of all processes, trading with MetaTrader 5 became available to all our clients” says Guilherme Benchimol CEO of XP Investimentos.
“Interest in the South American market has recently increased,” says Renat Fatkhullin, CEO of MetaQuotes. “We are looking to expand our presence in the region. We have entered the Brazilian market with the help of the leading local broker with a large client base to instantly win a substantial market share. Thus, we achieve a higher exposure by providing MetaTrader 5 to the broad masses of traders, while our partner XP Investimentos have satisfied the wishes of their customers. We are happy to strengthen our position in the region and will continue to actively expand into the Latin American market.”