Brokeree, a technology provider to the retail trading industry, announced on Tuesday that it has developed a solution for MetaTrader 4 and 5 (MT4, MT5) which gives brokers access to the Tel Aviv Stock Exchange (TASE).
“The integration with TASE allowed our team to reach new functionality within the MT4 Liquidity Bridge and make it possible to connect MT4 directly to the Stock Exchange,” said Andrey Kamyshanov, CEO of Brokeree Solutions. “We have developed our liquidity bridge to be a flexible solution with advanced functionality and robust performance that can be used with MT4 or MT5 and with both simultaneously.”
Founded in 1953, the TASE offers more than 2000 securities to traders. That will appeal to a growing demand amongst traders for both direct market access and the ability to try their hand in the equities market.
US-based Robinhood has been in a pioneer in this regard, offering commission-free trading to its customers by selling its order flow to high-frequency traders. In Europe, Trading 212 has launched a similar service and BUX, a mobile-only broker, announced that it would be launching a stocks trading service called, imaginatively, STOCKS at the start of 2019.
Brokeree backing equities
Unfortunately for most brokers, equities trading and DMA have not been particularly profitable endeavors. Connecting to exchanges is not cheap, and volumes are much lower than in the foreign exchange market.
As such, offering equities trading has become more of a marketing tool than a big money market for brokers. Nonetheless, as demand for such a service grows, more brokers are likely to offer it.
Brokeree’s solution should allow them to do so. It is also indicative of some development in the level of technology available to retail traders. For example, the technology provider’s system enables brokers to place pending orders directly on to the exchange, instead of submitting them to a liquidity provider.