Chicago Mercantile Exchange offers retail access to futures trading via MetaTrader 5
Margin forex trading platform vendor MetaQuotes Software has gained approval from the Chicago Mercantile Exchange (CME) to enable trading of CME futures products over its trading platform, MetaTrader 5.
The move extends the platform's footprint beyond margin foreign exchange to exchanges, having established connectivity to the Moscow Exchange earlier this year. MetaQuote says that as of February, two unnamed brokers have gone live with trading on the exchange via the MetaTrader 5 platform.
MetaQuote says in a statement that the trading platform connects to the CME via a customised gateway that ensures correct handling of market data, trading operations and the ability to generate reports as required by the CME.
It says it will now target brokerage companies that are members of the CME. "Realising that the launch of a new platform can be quite challenging for a broker, we proactively offer our assistance and support to stock market participants," says Gaies Chreis, chief operating officer of MetaQuotes Software in Limassol.
Officials add that the platform plans to be live with connectivity to Turkdex and Warsaw Stock Exchange on MetaTrader 5 by May.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
More on Retail
IG research explores correlation between politics and FX data levels
New timeline of global historic politics impacting forex offered online
Esma warns retail brokers over ‘pro’ push
Regulator warns brokers not to promote professional status to unqualified investors
Austria imposes permanent restrictions on CFDs, bans binary options
In making Esma’s curbs on CFDs lasting, the regulation follows action by the Netherlands and others
CMC posts profit warning; Foley resigns
New Esma margin rules have “resulted in retail clients trading less”, online trading firm says
IG opens for online FX trading in US
Retail FX broker launches new subsidiary after navigating regulatory hurdles
Saxo Capital Markets: Esma leverage limits on CFDs good for industry
The policy will reward well-behaved retail FX brokers
FCA mulls restrictions on CFDs
The restrictions are fundamentally similar to those imposed by Esma earlier this year, but would have permanent effect
Asia: the new frontier for global payments
With regulatory barriers lowered, the region is ripe for new entrants
