MetaQuotes Software is a Russian software company specializing in the development of software for foreign exchange trading.
In 2005 development of the TeamWox, a CRMCRM system started for the company internal use. In 2009, the first public commercial version of TeamWox was released and went on to win various industry awards. On June 1, 2010 MetaQuotes Software officially released MetaTrader 5 or MT5 the next version of its trading platform. It expanded the number of products that could be traded from just Forex to include stocks and commodities. MT5 also includes a new version of the programming language called MQL5. The new MT5 client trading terminal differs in a number of ways from MT4 and was not backward compatible. Uptake of the new version was slow and by April, 2011 MetaTrader had only 50 companies featuring the new version with over 400 companies remaining on MT4 mainly due to the lack of backward compatibility.