Cyprus based trading platform provider MetaQuotes has announced that the Pakistan Mercantile Exchange (PMEX) has decided to offer its MetaTrader 5 (MT5) trading platform to all its market participants.
This means that 333 PMEX members will be able to operate their business on MT5, and to offer advanced trading and investment facilities to their clients. The cutting-edge functionality of the popular platform will become available to Pakistani traders, including the most powerful automated trading possibilities through the desktop application, mobile applications for iOS and Android devices and the full-featured web platform.
Also, traders will be able to rent virtual hosting servers, apply technical indicators from the Market and use other MT5 services for the optimal PMEX futures trading experience.
Established in 2007 in Karachi, PMEX is the first and only futures market in Pakistan regulated by the Securities and Exchange Commission of Pakistan (SECP).
Ejaz Ali Shah, Managing Director of PMEX stated,
PMEX is proud to announce the availability of MetaTrader 5 for all its Market Participants. The offering of MetaTrader 5 by the Exchange is in line with its technological overhauling strategy. The Exchange has always remained proactive in identifying and exploring ways for improving its existing technology infrastructure to allow its members and clients a seamless trading.
Gaies Chreis, MetaQuotes Chief Operating Officer said:
In early 2015, we announced the MetaTrader 5 integration with PMEX, and a month later one of Pakistani brokers started offering the new platform to their clients. Now, after three years, PMEX completely switches to our software. This is definitely a beneficial step for all members of the exchange. Operating on MetaTrader 5, PMEX will be able to smoothly connect institutional clients, while brokers will be able to provide their traders fast and reliable access to the exchange. As for traders, they will certainly appreciate the comfort of trading through the advanced ecosystem of the fifth generation platform. Our wish is for other exchanges to follow the example of PMEX.