MetaQuotes Software, developer of the MetaTrader line of multi asset trading platforms, has announced that US based fractional shares brokerage specialist DriveWealth will offer MetaTrader 5 (MT5) broker access to US Cash Equities trading.
MetaQuotes said that U.S. share trading is available directly in MetaTrader 5 via a sophisticated, server to server connection. For connected brokers with a MetaTrader 5 server, direct integration to multiple brokerage APIs is no longer required. Instead, brokers can simply order the MetaTrader 5 Gateway for integration with dealers, such as DriveWealth, to perform trades on U.S. exchanges.
The company noted that server-to-server connection makes it possible to trade DriveWealth’s fractionalized U.S. equities. Now clients can place any order size, even for less than a full share. For example, it is possible to place an order for 1/2 share of AAPL or 1.2345 shares of AMZN.
While Chatham, NJ based DriveWealth specializes in U.S. equities, its Qualified Intermediary partner, MarketsDirect, can easily onboard non-U.S. brokers, and offer a MetaTrader 5 supported server to server multi-asset trading platform, which will connect to DriveWealth for full and fractional share trading in U.S. equities. The company offers trading in both FX and futures markets. Furthermore, within the MarketsDirect environment, it is also possible to leverage across asset classes.
“I started DriveWealth with the goal of increasing access to U.S. markets and modernizing the way the world invests”, says Mr Robert Cortright, CEO of DriveWealth. “We have been perfecting our patent-pending Fracker® technology since 2015. We have partnered with fintechs and financial institutions in 153 countries to enable access of U.S. equities for retail investors. Now we are excited to provide investing ability in real-time fractional shares of exchange-traded U.S. equities, via the MetaTrader 5 platform”.