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| Forex News |
Backpack.io is pleased to announce a key enhancement of their back-office offering for the financial market with the addition of MT5 as the latest integrated platform. A trusted name in the global capital market for back office SaaS solutions, the company has been instrumental in helping numerous financial services companies grow their revenue and maximize the efficiency of their business operations.
In a recent development, MetaTrader has decided to roll out MT5, the latest version of their trading platform. At the same time, the company has also announced that they will no longer be selling the MT4 platform licenses to new customers. This is expected to have a serious impact on the financial market because the platform has been a staple for traders and brokers for more than a decade. It has also been suggested that the users continuing to use MT4 may not be able to expand their operations as MetaTrader will not allot any new server for increased capacity.
In addition to neat features, MT5 has already created a lot of interest in the market because of its wider market offering. It will support CFD trading for equity indices, certain stocks, commodities, and cryptocurrencies. In this scenario, thousands of financial services companies using MT4 are looking to find a solution that will help them transition seamlessly to MT5.
Companies looking to make the all important shift to MT5 are required to create a new site or build its own front and back office. Backpack.io has collaborated with Tools4Brokers, a noted B2B Forex technology provider, to build a strong infrastructure to allow easy transition and multi platform offering on the same account.
Highlighting the benefits of the company's new solution, the CEO and Founder of Backpack.io, Yoni Avital said, "We built a solution that could offer the whole industry a tailored CRM that support specific needs from the capital markets industry such as Auto KYC, transfer of funds between platforms, CRM with unique UI, and many other unique features."
To find out more about Backpack MT4/MT5 integration solution, please visit our booth # 23 at the upcoming IFXexpo in Hongkong 23-25 of January 2018.
About Backpack.io: Headquartered in Singapore, Backpack.io is one of the leading suppliers of middleware back office solutions for clients in the financial industry, retail broking, and electronic trading technology. The company offers six technologies built as one solution, supporting more than sixty financial firms and covering almost all aspects of the back office needs of the capital markets industry.
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