MetaQuotes Software Corp. has
reached an agreement with BM&FBOVESPA, Brazil's leading financial
exchange, and gained the right to transmit delayed market data via
the MetaTrader 5 trading platform free of charge.
Market data or, in other words, market quotes are often provided by exchanges for a certain fee. The agreement with BM&FBOVESPA allows MetaQuotes to transmit 15 minute delayed market data for all instruments traded on BM&FBOVESPA via the MetaTrader 5 trading platform. Stock indices (e.g. the IBOV stock index) are the only exception, with their data being available in real-time.
Access to quotes for financial instruments traded on the exchange is possible by simply downloading the MetaTrader 5 trading terminal from the website of the official agent of the Company in Brazil (http://www.emc2trading.com.br). That version of the trading platform has already been set up to receiving market data provided by BM&FBOVESPA and allows you to work with such data using demo accounts. This opportunity is available to all interested users trading on BM&FBOVESPA.
MetaQuotes' representatives believe that the arrangement with BM&FBOVESPA will help the Company to strengthen its position in the region. "We are committed to providing traders in Brazil with the most comprehensive range of services, - says Erico Contenta, Head of MetaQuotes' Brazil Office. This will allow us to achieve higher exposure and faster development of our Company in this region".
Strategically, the agreement with BM&FBOVESPA is yet another milestone towards a collaboration of MetaQuotes, a leader in the Forex software market, with financial exchanges globally. With this objective in view, the Company developed the MetaTrader 5 trading platform specifically to ensure proper operation in stock markets. Relations with well-known exchanges, such as London Stock Exchange (LSE) and Chicago Mercantile Exchange (CME) have also been established and their integrations to MetaTrader 5 are actively in development.