Sheer Markets launches MT5 WebTrader for live streaming NDFs and EMs

Rick Steves

Earlier in June, Sheer Markets launched Non-Deliverable Forwards (NDFs) and Emerging Market FX (EMFX) as the firm pursues the mission to introduce a new range of products in retail FX.

Sheer Markets has launched their MT5 WebTrader as an addition to their platform toolkit for their traders.

Suitable for both demo and live trading account holders, the MT5 WebTrader includes both the desktop version of MT4 and MT5 trading platforms on Windows and Mac, as well as the MT5 mobile version for Android and iOS users, accessible in more than 40 languages.

The announcement follows the launch of NDF CFDs and EM currencies earlier this month. Sheer Markets caters to both retail traders but also corporate clients. While retail traders can invest and trade directly with Sheer Markets, institutional clients can benefit from Sheer Markets’ CFD and NDF liquidity provision.

Earlier in June, Sheer Markets launched Non-Deliverable Forwards (NDFs) and Emerging Market FX (EMFX) as the firm pursues the mission to introduce a new range of products in retail FX.

Founded in 2020, Sheer Markets is pioneering the live streaming of NDFs for retail traders, which until now, have been largely unavailable to online traders and investors through the MetaTrader 4 and MetaTrader 5 trading platforms.

The retail broker has recently acquired a regulatory license from the Cyprus Securities and Exchange Commission (CySEC) in order to provide a regulated offering of live streaming NDFs, EMFX and FX, as well as CFD products (crypto, equities, indices, and commodities).

NDFs have seen extraordinary demand since the pandemic, with a 300% increase in institutional volume over the past 12 years. Sheer Markets intends to bring NDF products to retail traders and corporates so they can enter an untapped market with new investment potential, allowing them to trade currencies like the Brazilian Real, Indian Rupee and Korean Won.

At the time, Sheer Markets Co-Founder and Chairman Alex Ladouceur said: “It is with great excitement that we take our first step in introducing the online trading community to NDFs, as this is a product with unprecedented investment potential which has long remained undeveloped.

“As the economies of EMFX and NDFs develop further, demand for these types of products from existing and new FX users is set to widen and accelerate, accompanied by an expansion in liquidity and increased turnover. So far, there has been no viable streaming NDF service through many of the regular online trading platforms. Sheer Markets will now be there to fill that gap and meet that need.”

Naturally, a recently established firm within the trading industry has to surround itself with the best talent available. To lead the technology team, Sheer Markets has hired Antonis Papaioannou as Chief Technology Officer.

Mr. Papaioannou joined the company from FXVC Online Trading, where he was Head of Information and Communication Technology. Prior to that, he was Chief Technology Officer at Blackwell Global, based in London.

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