Automated Trading Championship 2009 Will Not Be Conducted

MetaQuotes Software Corp.

4 May 2009

Dear clients,

Organization and conduction of the Automated Trading Championship is a very complicated and cost-consuming project. For the maintenance of this competition our company needs to involve tens of specialists from different departments. Among persons involved in the conduction of Championships there are developers of trading platforms and specialists of the software testing department.

MetaTrader 5 Trading Platform

As you might know, now we are engaged in the development of a new trading platform MetaTrader 5; its release is planned for this year. All our forces are now concentrated on the platform release, and soon it will be presented to you for beta testing. Focusing all our resources on this release, we don't want to be distracted from this target.

Besides, the new platform will contain a new environment for the development of trading strategies - MQL5 IDE. We find it more reasonable to conduct the next Championship using the new language. However, it is unlikely that potential participants will manage to learn MQL5 and write new Expert Advisors in it. Due to this the number of potential Participants may be much lower - this is sure to have a negative effect on the attraction of the Championship.

Taking into account all this we decided not to conduct the ATC this year. Instead of this we will concentrate our efforts on the release of the new MetaTrader 5 platform and next year we will conduct the Championship for Expert Advisors written in MQL5.