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The largest financial market in the world is opening up to investors
who have had little or no competitive access to it. The global foreign
exchange market, once dominated by major banks, has grown into a nearly
$2 trillion per day vehicle involving thousands of players.
The recently founded ZanerFX, a Chicago-based foreign exchange brokerage, is bringing the Internet's speed and convenience to traders who have been poorly represented in the fast-paced world of foreign exchange trading.
In developing the concept of ZanerFX, Jim Pugh, director of foreign exchange at ZanerFX, and ZanerFX president Matthew Zaner realized that customer account security was a gaping flaw at many of the new Internet trading firms. ZanerFX deals with only large, well-capitalized trading firms to ensure the best possible security for customers' funds. ZanerFX maintains a higher initial investment level than many of their competitors to help ensure those signing on are serious investors; however, the amount is much lower than the multimillion-dollar amounts usually required by private banking groups and investment houses.
The minimum margin level on accounts at ZanerFX is 3% of the US dollar value of the position, a level that allows the investor a reasonable amount of leverage but far short of the 100 times leverage offered by other firms, again, to protect the customer. In addition, the service will connect the customer to a live person instead of to a computer-generated price to allow the customer to get more competitive prices.
ZanerFX will also offer larger corporate accounts and professionally managed accounts in phase 2 of their development.
A preview of the software investors use to place trades through ZanerX is available at the company's website.
|The International Online Trading Expo will host a four-day Online
Trading Expo in New York February 17-20, 2001. The Expo will include tutorials
taught by industry experts on topics such as chart reading and analysis,
interpreting Nasdaq Level II quotes, fundamental analysis, determining
entry and exit points, tax planning for traders, options and futures trading,
high-probability chart pattern setups, and mental discipline. The exhibit
hall will showcase trading tools, software programs, hardware systems,
advisory services, and the latest in trading technology.
The cost is $199 per person and includes access to the tutorial sessions; a bound syllabus of speaker handouts; and social events. The six-hour preconference workshop with John Murphy is limited to 200 attendees at $395 per person and includes lunch. A free exhibit hall pass is available by preregistering at the Expo's website.
888 411-EXPO (3976),
The Terra Nova Investor Series is a free, browser-based trading platform
designed for active investors who want real-time data and the power to
route their own orders. Terra Nova Trading, LLC, in conjunction
with Townsend Analytics, Ltd., developed the software to address
customer demand for a simple yet powerful direct-access trading platform.
The Investor Series is an intermediate-level solution that will appeal to customers of conventional online brokerage firms. Through the Investor Series, active investors will view real-time prices and route their order from the same screen. Double-click features permit quick order entry, adjustments and cancellations. Live order status helps customers evaluate their fills, and real-time account updates reflect current buying power.
The Terra Nova Investor Series operates on the same state-of-the-art technology found in RealTick and is the first browser-based direct-access product to integrate RealTick with Microsoft's ActiveX technology. It also incorporates Archipelago's integrated ECN book, which allows traders to view in real-time form Archipelago, Island, and Redibook ECN orders.
To encourage active investors to try direct access, Terra Nova will
offer the Investor Series at no charge, with trades starting at a special
rate of just $8 for up to two calendar months.
100 South Wacker Drive, Suite 1550
|TradeCast has released upgrades to its Elite and Revolution
direct-access trading systems. The upgrades include the ability to trade
options. The upgraded releases also contain other features, including new
research tools and more flexibility to customize the software.
Two new research tools have also been added to both the Elite and Revolution software: Comtex and flyonthewall.com. Comtex News Network is a full-service, business-to-business information mediator. Comtex gathers nearly 20,000 stories a day from more than 1,400 diverse global sources, which are then redistributed to the Internet, Wall Street, and corporate reseller markets.
Flyonthewall.com provides real-time market information on US equities through a live newsfeed that includes information on Wall Street's recommendations, rumors, analyst meetings, syndicate, IPOs, conferences, and more. It simply reports significant information without the hype.
The new 4.0 software can be downloaded from the TradeCast website.
5555 San Felipe, Suite 575
|Robert Hall Trading Seminars has announced a significant redirection
for the company in response to market demand. A worldwide licensee program,
essentially a reseller alliance with a network of independent businesses,
is to be established that will provide all the company's services to local
markets around the world.
A pilot licensee program began in September 2000 and within five weeks
was fully subscribed. The Robert Hall Licensee Program offers people interested
in operating their own profitable independent business the opportunity
to earn income. The program provides a complete business model for success
that includes promotional, technical, and administrative support, freeing
up the licensee to concentrate on marketing seminars, software, and support
services to the online stock trader.
10451 Allbay Road
|Personal portfolios displaying quotes and charts across a wide range
of instruments -- from futures and options, to stocks, bonds, market indexes,
mutual funds and foreign exchange -- are now available on Ino.com.
The Ino Portfolio service was created by David Maher, Ino.com's technical
director, who has been creating Internet applications since 1993. The portfolios
are free with no registration requirements. All that is required to establish
a personal portfolio on the Ino site is a valid e-mail address. A single
Ino portfolio can contain a maximum of 32 entries. The Ino Portfolio service
is available at quotes.ino.com/portfolio.
|Ward Systems Group has released Cluster Indicators that learn
to recognize profitable buy/sell signals. Cluster Indicators work in a
manner similar to how the human brain might classify the market based on
historical clusters of successful buy/sell signals.
Suppose you have two good indicators, and you make a scatterplot of
several months' worth of recent bars of these indicators. Now, suppose
the indicators are good, as defined by the fact that their patterns foretell
an uptrend or a downtrend in the price. The bars that precede an uptrend
look somewhat similar. Those that precede a downtrend look similar too.
In other words, the buy bars cluster together and the sell bars cluster
together. Cluster Indicators tell you how far the current bar is from the
cluster center of the recent "buy" bars or "sell" bars. The genetic algorithm
optimizer in NeuroShell Trader Pro or DayTrader Pro finds the cluster centers
that optimize the profit.
Executive Park West
|Bill Williams, PhD, CTA, of Profitunity Trading Group, announced
the opening of a second Profitunity Trading Group office in Miami, FL.
The Texas office will remain home base for Bill and Ellen Williams. After
January 2, 2001, the Florida office phone number will be 305 278-8705.
Profitunity Trading Group
2300 Pilgrim Estates Drive
|Trade Center has launched a new futures trading system analysis
report, SystemTrac. This detailed report allows investors who use a mathematical-
or software-driven futures trading system to compare dozens of systems
in a standardized manner.
Trade Center applied the same performance-reporting standards used by
mutual funds, investment advisors, and hedge funds to futures trading systems.
Since 1994, Trade Center has been evaluating and trading futures trading
systems and found a distinct gap in the industry when it came to unbiased
and consistent performance information for trading systems. Up to now,
each system vendor presented performance information in any format they
chose. With SystemTrac, an investor can compare performance statistics,
side by side, in one easy-to-follow report.
105 Crescent Bay Drive, Suite B
|Investscape has launched a promotion to give active traders
an affordable way to test-drive its system. For a limited time, new customers
can experience Investscape's Total Trading Solution first-hand by taking
advantage of the company's exclusive 500 free trades offer. Traders will
receive one free trade for every paid trade made within six months of opening
an account, up to 500 free trades.
By offering traders access to both real-time information and real-time
order execution simultaneously, Investscape's Total Trading Solution gives
customers the unique opportunity to optimize their execution price by eliminating
the traditional middleman. Investscape's Total Trading Solution is powered
by the latest version of RealTick and offers a wide variety of features,
including real-time direct-order execution, real-time Nasdaq Level II market
maker activity, streaming news, alerts, analysis tools, tracking systems,
real-time account information, and customized market maker tickers.
7001 Orchard Lake Road, Suite 130
|Custom Trading Solutions offers custom tools for use in CQG
for Windows, including the turning point oscillator -- a very low-lag momentum
indicator with smoothing characteristics. It comes with eight logical conditions
that can be used for alerts and bar coloring. Pivot points for CQG allows
users to see the intraday support and resistance levels that floor traders
The three major algorithms for calculating the daily pivot are included.
CycleTools for CQG is a comprehensive set of indicators partly based on
the work of John Ehlers. It includes indicators for measuring the dominant
cycle of the market, the instantaneous trendline, and the cosine indicator.
All custom trading solutions products are provided on a timed-license basis,
and include free support for the duration of the license.
5930 S. Logan Ct.