MetaQuotes Software Corp. today announced the successful integration of its MetaTrader 5 trading platform and XCore system, owned and operated by Swiss-based technology company PrimeXM, a provider of FX bridge aggregation and institutional hosting solutions.
A special gateway developed by PrimeXM to its XCore system has made integration of the two solutions possible. MetaTrader 5 brokers can now access liquidity through the XCore trading system. PrimeXM, in turn, offers through MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD liquidity.
While this integration solution offers an improved method to get all the new features of the MetaTrader 5 platform, including support of ‘Market Depth’, it also preserves all the functions provided in the PrimeXM MetaTrader 4 Gateway. As such, the technology provider’s clients will remain able to compose, customize and distribute their own liquidity to other entities as well as individuals.
The core of the MetaTrader 5 Gateway to PrimeXM consists of an ultra-low latency order routing and pricing engine, XCore, giving the broker the opportunity to connect to a wide range of liquidity providers. Further, XCore is installed in PrimeXM’s infrastructure in Equinix data centers, allowing for efficient management of an entire brokerage business in a centralized environment.
Richard Bartlett, Head of Global Sales at PrimeXM, commented: “The integration of the XCore system with MetaTrader 5 features a wide range of professional tools for efficient liquidity and risk management, and at the same time provides direct high-speed access to global liquidity in the most cost-effective way for brokers. In particular, the combined solution allows brokers to serve institutional, professional and retail traders simultaneously within the same system without any technological limitations.”
Cristian Vlasceanu, CEO of PrimeXM, added: “We have been actively testing the performance and functionality of our MetaTrader 5 integration with a number of key customers in a real environment since November 2016 achieving a first-class solution. Today we are proud to announce a new version of our gateway to MetaTrader 5 — the most advanced solution on the market. This innovation will allow us to provide brokers with leading technologies for connecting to global liquidity.”