XM Group (Trading Point Group), an FX and CFD broker, has launched the MT5 platform with offerings of over 300 CFDs on single stocks.
The launch follows a series of testing phases which have made sure the additional platform is connected to all existing systems.
The addition will enable the company to extend its offerings to six asset classes including CFDs on single stocks (shares) in addition to the existing offerings which include FX, CFDs on indices, metals and energies.
Chris Zacharia, marketing director of XM, says: “This day is one of those milestone events, which don't happen to companies every day.
“It is something we have been patiently expecting for a long time, and I truly believe it will be a game changer for XM, which is taking its first steps in extending its range of instruments to the stocks sphere.
“XM is currently the biggest MT4 broker with over 20 MT4 servers available and with over 1,000,000 clients, but with the addition of the MT5 to our platform offerings we are automatically entering into offering a new asset class which up to now was not possible for us, that of CFDs on single stocks.
“Our plan is to extend our instrument offerings to up to 5000 CFDs on single stocks from companies all across the world listed on various stock exchanges including but not limited to NYSE, Nasdaq, LSE, Frankfurt Stock Exchange to name a few.
“The current launch phase, which is officially being announced today, includes a total of 300 instruments and we will populate with more and more offerings as time goes by.”
