Mr. Ejaz Ali Shah, Managing Director of PMEX

Mr. Ejaz Ali Shah, Managing Director of PMEX, commented on the extension: “The collaboration of PMEX and MetaQuotes in establishing the complete Exchange Suite has benefited both organizations tremendously. PMEX clients enjoy state-of-the-art diversified services, while MetaQuotes can boast the complete service offering, including front-end and exchange operations. We are also collaborating with MetaQuotes on some new initiatives, which will enable efficient physical trade management and settlements. These initiatives include Electronic Warehouse Receipts (EWRs), physical gold and government debt trading.”

As stated earlier, the new trading platform assisted in streamlining end-of-day (EOD)procedures thereby reducing the time required for EOD from 3 hours to a couple of minutes. PMEX completely switched to MetaTrader 5 from its own core in early 2021. For a year and a half, the exchange has been accurately managing all operations through MetaTrader 5, while PMEX traders, brokers, and market makers have been working only via our platform. The MetaTrader 5-based operation of the whole PMEX exchange is implemented through the platform’s built-in Electronic Communication Network (ECN) functionality. The integration helped PMEX in achieving three major goals: replacing outdated trading facilities with an advanced and reliable system, completely automating all exchange trading processes, and reducing operational costs.

Pakistan Mercantile Exchange Limited (PMEX) is the country’s first and only demutualized commodity futures exchange, licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP). Based on sophisticated multi-dimensional infrastructure and state-of-the-art technology, PMEX offers a complete suite of services, including trading, clearing, and settlement managed via MetaTrader 5. As far as back-office and custody are concerned, both are handled by using MetaTrader 5 API’s.

In September 2021, Parker Winston Eckhardt, an Australian fintech company, announced the move to the MetaTrader 5 platform for hedge funds, which fully meets their high algorithmic trading requirements. PWE Capital develops trading algorithms combined with a Direct-To-Bank trading environment to facilitate high-frequency trading in the currency, commodities, and derivatives markets. Over the past few months of testing the real-life efficacy of their algorithms, PWE Capital has generated phenomenal results and a pool of statistical data to reinforce previous trading simulations.

Mr. Manas D. Kumaar, Group CEO of PWE Capital, commented on the fund results: “From September 2021 to the end of February 2022, we set up and ran an experimental house fund that generated 124% of cumulative returns, with a Sharpe ratio of 9.87, a win ratio of 77%, and an average drawdown of only 4.3%. Returns ranged from 8% in November to 60% in January, with an average monthly return of 21%. In comparison, S&P 500 closed at -5.26% in January and at -3.14% in February, while PWE Capital returned 60% and 11% each month, respectively. Our outperformance highlights the growing importance of diversifying through currency strategies.”

Talking about the advantages of MetaTrader 5 for hedge funds, Mr. Manas D. Kumaar mentioned system flexibility and transparency, the speed of the MQL5 programming language, and the enhanced capabilities for the onboarding of client assets at scale. The MetaTrader 5 interface has provided the company with a suitable infrastructure to perform high-frequency trades with consistent precision. Furthermore, through MetaTrader 5 for hedge funds, PWE Capital has obtained a smooth, well-maintained, and intuitive gateway for tapping into global markets while streamlining middle-office and back-office administration tasks. Through the highly efficient order flow control, from desktop to exchange, the platform assists the company in maintaining transparency and in conducting near-time trade analysis.

“For many decades, the fund management sector has been known for its notorious opaqueness. MetaTrader 5 has allowed us to pave a transparent trail to markets, achieve a better vantage point, and level the playing field,” explained Mr. Kumaar. “As someone in the investment decision-making business, I think it is essential to invest in the right technology stack. MetaTrader 5 certainly fits our stack for multiple reasons, not least of which is for fund accounting.”

Commenting on the ecosystem around the platform, PWE Capital representatives praised the MQL5.community as an excellent resource for up-and-coming algorithmic trading professionals. More than 7 million traders and developers already engage in MQL5 programming. They sell their trading robots via the MQL5 Market and perform development orders. For example, 1,200 developers have already become members of the MQL5 Freelance service. “It is encouraging to see many young developers dip their toes into quantitative trading by experimenting with MQL5 and gaining insights from the community of like-minded individuals,” added Mr. Manas D. Kumaar. “No doubt, many of them will someday be applying for jobs at funds such as PWE Capital.”

The event provided an excellent opportunity to meet brokerage representatives and traders who literally bombarded MetaQuotes’ delegation with questions. Our team’s speech focused primarily on the launch of a brokerage business from scratch. This speech was very bright and inspired a fruitful discussion. Amid such keen interest, we could not stay within the framework of one topic. We have also discussed algorithmic trading, integration with exchanges, data from different markets in MetaTrader 5, the brand-new web terminal, MQL4-to-MQL5 conversion capabilities, and other important issues.

We are very thankful to everyone who assisted us in improving the trading platform. Special appreciation goes to all our users whose feedback, support and suggestions helped the company to achieve such outstanding recognition.

Mr. Abdulrhman Al Meshal, CEO of Saham Holding

Mr. Abdulrhman Al Meshal, CEO of Saham Holding, commented: “It is impossible to keep pace with the Saudi market technical revolution without a technologically sophisticated solution such as MetaTrader 5. We, at Saham, are thrilled to start offering a distinctive product which improves our clients’ experience and satisfaction levels. This is only the beginning as we are planning to add Middle East markets to our offering soon.”

Saham Holding develops software applications for investors, banks and financial markets. Mr. Abdulrhman Al Meshal says that the company’s technological expertise and commitment to excellence, along with the simplified solutions to complex problems, have become a source of satisfaction and appreciation among its clients. Saham Holding operates in compliance with the Saudi Capital Market Authority regulations. The company has obtained a license from the Saudi Stock Exchange (Tadawul), which is the sole entity authorized in the Kingdom of Saudi Arabia to act as a Securities Exchange. Saham redistributes Saudi market data under the Tadawul Information License Agreement (TILA).

Mr Hisham Mansour, Co-Founder and Managing Director of CFI Financial Group

“Adding US exchange-based stocks makes perfect sense for long-term traders seeking the full ownership experience without having to pay extraordinary fees”, says Mr Hisham Mansour, Co-Founder and Managing Director of CFI Financial Group. “At USD 0.005/share, commission as low as USD 1 per trade and the absence of minimum account, it is now easier than ever to start investing. This will play an important role in allowing traders to become a part of the financial markets. Besides, this step is in line with our vision of becoming the brand for everything, from to trading”.

According to company representatives, the launch of new products has been made possible due to heavy investments in CFI’s trading infrastructure and technology. Beyond the US exchange-based stocks, CFI traders will continue to enjoy trading on 19 global markets: they have access to more than 11,000 products including stocks, currencies, commodities, indices and ETFs.

CFI Financial Group possesses more than 23 years of experience and enables access to traders from over 100 countries. The award-winning group has regulated entities the world including London, Larnaca, Beirut, Amman, Dubai, Port Louis, and others. CFI offers highly competitive trading conditions with spreads from zero pips, zero commissions, fast execution, and no minimum deposit.