Extended by MetaTrader 5 Trading Hours for the Pakistan Mercantile Exchange are one hour.
Tuesday saw the announcement by MetaTrader 5 that it has expanded the trading hours of Pakistan Mercantile Exchange (PMEX) by one hour, enabling buyers to transact for 22 hours every day. This has been made possible, according to the news release, by the platform’s integrated automation capabilities, which include clearing and settlement procedures. PMEX officials have observed that the exchange is now drawing more buyers and corporate clients from throughout the nation, which has expedited business growth. This is due to the extension of trading hours. The exchange, which is open for business for 23 hours a day, wants to make the most out of its trading platform so that its users may trade with ease.
PMEX activities have been run using the MetaTrader 5 platform for the last fifteen months. The PMEX exchange runs on a single system thanks to MetaTrader 5’s integrated Electronic Communications Network (ECN) feature. Through integration with MetaTrader 5, PMEX has successfully replaced outdated trading systems with dependable, cutting-edge technology, automating all exchange trading procedures and cutting the exchange’s operational expenses.
“It has been beneficial for both PMEX and MetaQuotes to work together to build up the entire Exchange Suite. While MetaQuotes may tout a full service offering, covering front-end and exchange operations, PMEX clients enjoy cutting edge, diverse offerings. Additionally, we are collaborating with MetaQuotes on several new initiatives that will facilitate effective physical trade settlements and management. Ejaz Ali Shah, Managing Director of PMEX, stated, “These projects include trading government debt, physical gold, and Electronic Warehouse Receipts (EWRs).”
PMEX: What is it? Pakistan Mercantile Exchange Limited, licenced and governed by the Securities and Exchange Commission of Pakistan (SECP), is the country’s first and only demutualized commodity futures exchange, according to Metaquotes in the release.