MetaTrader 5 helps Pakistan exchange extend trading time

Rick Steves

PMEX facilitates trading, clearing, and settlement managed via MetaTrader 5 and the MT5 API’s are used to handle back-office and custody. 

The Pakistan Mercantile Exchange (PMEX) has used MetaTrader 5 to extend its trading operations time by one hour so that clients can now trade 22 hours per day.

MetaTrader 5 has built-in automation functions, which include clearing and settlement procedures, and PMEX was able to tweak the necessary settings through the platform in order to achieve its goal.

The extension of the trading time has streamlined the business growth and is attracting more investors and corporate clients from all over the country, according to PMEX representatives.

After the successful trading time extension to 22 hours per day, PMEX is now planning to make use of MetaTrader 5 again, this time to extend time further to 23 hours of trading operations.

MT5 reduced time required for End of Day procedures

The trading platform assisted in streamlining end-of-day (EOD) procedures, reducing the time required for EOD from 3 hours to a couple of minutes.

While PMEX completely switched to MetaTrader 5 from its own core in early 2021, PMEX traders, brokers, and market makers have been working only via its propriertary 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The integration helped PMEX in achieving three major goals for the exchange: replacing outdated trading facilities with an advanced and reliable system, completely automating all exchange trading processes, and reducing operational costs.

Ejaz Ali Shah, Managing Director of PMEX, said: “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.”

Pakistan Mercantile Exchange Limited (PMEX) is the country’s commodity futures exchange, licensed and regulated by the Securities and Exchange Commission of Pakistan (SECP).

PMEX facilitates trading, clearing, and settlement managed via MetaTrader 5 and the MT5 API’s are used to handle back-office and custody.

Read this next


BlockDAG’s Impressive 30,000x ROI Potential and Moon-Based Keynote Captivate Solana And Bitcoin Cash Crypto Investors

Discover BlockDAG’s impressive moon keynote launch and its promise of a 30,000x ROI that is drawing investors from Solana and Bitcoin Cash.

Market News

This is it, the USD Strength has Come to an End

In the aftermath of Israel’s retaliatory strikes in Iran, the currency markets have entered a phase of heightened volatility, reflecting the intricate interplay between geopolitical tensions and economic fundamentals.


BlockDAG Leads DeFi Innovation with $19M Presale, Overshadowing Cardano and Binance Coin With 30,000x ROI and DAG Structure

Learn about BlockDAG’s growth in its presale, surpassing $19M, and its impact on the DeFi landscape, overshadowing movements in Cardano and Binance Coin (BNB).


BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.


BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.


BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.


BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.