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January 2003 TRADE NEWS
News Releases & Products
TRADE NEWS & PRODUCTS
TraderProfile Introduces AlertScanner
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 TraderProfile,
LLC, has introduced AlertScanner, which helps traders identify trading
opportunities by monitoring the real-time price action in stocks and indexes
of interest. AlertScanner is now available to users of RediPlus, RealTick,
A-T Financial, ActiveILX, and CyberTrader software.
One of the key features of AlertScanner is that it reduces the noise
created by alerts on all traded symbols, making it easier for traders to
follow price action and be aware of good trading opportunities in just
the stocks that are important to them. It has more than 30 preprogrammed
popular technical indicators to eliminate the need to build complicated
formulas and can be set up in seconds.
www.alertscanner.com |
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Miami Trading Seminar Features Price Headley and Larry McMillan
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Price
Headley of BigTrends.com and Larry McMillan of Option Strategist.com have
joined forces to educate investors on essential tools for financial success
in all market conditions at a three-day investment seminar on February
1-3, 2003.
Headley and McMillan will focus on technical and sentiment analysis?based
techniques to help traders profit from market volatility. After two days
of instruction, seminar presenters will highlight practical trading techniques
during an extended live trading session. The event will be held at the
Doral Resort and Spa in Miami, FL.
www.bigtrends.com/miami.html |
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Ameritrade Announces New Product Suite and Pricing
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Ameritrade
Holding Corp. announced, with its merger with Datek, a new suite of products
and services along with a new pricing schedule. These changes are based
largely on the feedback of clients.
Both sets of clients will have features such as the free streamer, the
Ameritrade 10-second guarantee, 24-hour client service by phone and online,
report & alert service, snapticket, subscription access to Advanced
Analyzer, access to Ameritrade's interactive voice response quotes
line, and more.
Rapid order entry and integrated positions/balances are also included,
as well as access to subscription-based streaming news and Level II quotes.
Ameritrade also launched Apex for premier clients. Qualification is
based on an average of 10 trades per month over a three-month period, or
a $100,000 total account value. Apex clients receive streaming Level I
and II quotes, streaming news from Dow Jones Newswires, and other benefits.
Commissions for online equity trades will be a flat $10.99 for both
market and limit orders. Commissions are higher for phone and broker-assisted
trades.
www.ameritrade.com |
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ELWAVE 7.0 Adds Elliott Wave Time Frames
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Prognosis
Development Software has added Elliott wave time frames to its Elwave 7.0
package. This means the wave degrees, which are the result of the analysis
of Elwave as listed in the summary inspector, are inserted where they belong
according to the Elliott wave principle.
Instructing Elwave to analyze 100 years of Dow Jones price data will
produce an outcome with waves of the largest degree, better known as "Supercycles."
Analyzing an intraday chart containing price data of several weeks will
find the smallest Elliott wave patterns, which forecast price movements
of 1% or less. These will be listed in the summary inspector.
www.prognosis.nl |
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Trading Software Offers Automatic Order Execution Interface
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AbleSys
Corp. announced it has begun supplying an automatic order execution interface
that connects its mechanical trading system, eASCTrend 6.0, with online
broker Interactive Brokers.
The interface transfers a customer's buy and sell signals generated
by eASCTrend 6.0 to his or her account with Interactive Brokers. For institutional
users such as brokers and fund managers, the software is available in the
Professional configuration, which allows fully automatic order execution.
For individual traders, the interface is available as an option in a semi-automatic
configuration that requires only one click to send the order. This configuration,
called the Deluxe Plus with the automatic order execution (AOE) option,
works with position trading, swing trading, or daytrading.
The AOE interface with Interactive Brokers is available to current and
new users of eASCTrend 6.0 Professional configuration and eASCTrend 6.0
Deluxe Plus configuration with the AOE option. Current customers may download
the software with no extra charge. For new customers, there is a basic
one-month trial available for $158 with the option to add AOE with Interactive
Brokers for $125.
Founded in 1994, AbleSys, located in Hayward, CA, is a Commodity Trading
Advisor (CTA) registered with the Commodity Futures Trading Commission
(CFTC), specializing in trading software and Internet applications, and
is a member of Managed Funds Association (MFA). Products include eASCTrend/ASCTrend
and WinTick.
www.ablesys.com |
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CMS BondEdge Releases Canadian BondEdge version 4.71
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CMS
BondEdge announced the release of Canadian BondEdge 4.71. This version
features improvements tailored for the Canadian fixed-income marketplace
and incorporates Matrix Management, which allows for portfolio versus benchmark
comparisons. Canadian BondEdge 4.71 also offers capabilities that allow
clients to stress-test portfolios for more robust analysis. Clients are
now able to create multicurrency forward rate agreements that are fully
integrated with the performance attribution analytics.
www.cmsbondedge.com |
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Xspreads Levels Playing Field
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OptionsXpress
has introduced Xspreads to resolve obstacles to successful spread trading.
Equity options spreads have long been used by professional traders to better
manage their risk and reward, but for the retail investor, the process
has been fundamentally unfair, as there is no real-time price transparency
and market liquidity is hard to gauge, and trade execution can take hours
to report. Xspreads offers thousands of potential buyers and sellers
a transparent view of all open spread trade orders. Similar to the electronic
communications networks (ECNs), Xspreads is a virtual marketplace for spread
trades that levels the playing field for individual investors.
www.optionsxpress.com |
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Oak Trading Systems Launches Internet Trading Platform
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Oak
Trading Systems Inc. announced its new Internet trading platform, Oak Level
II. The platform allows instantaneous order placement with one-click trading.
Users see live bids/offers, charts, and quotes, and have the ability to
send orders to any open outcry or pit-traded market.
Oak II provides a live datafeed and order routing. It was built on the
original Oak platform and therefore any activity done on the Oak II system
will be updated and viewable from Oak and vice versa.
www.oaktrading.com |
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Nasdaq Liffe Offers Trading On Russell ETF Futures
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Nasdaq
Liffe Markets, LLC (NQLX), and Frank Russell Co. signed an agreement to
offer exchange-traded funds (ETF) futures contracts based on the family
of 12 Russell iShares. These exchange traded funds are managed by Barclays
Global Fund Advisors. The agreement comes at a time of growing popularity
for ETFs, which offer investors a basket of securities designed to track
an index but trade like a single stock. Russell indexes currently are the
basis for 23 separate derivative contracts that trade on US options and
futures exchanges.
In other news, NQLX will offer a security futures contract on the Nasdaq
100 Index Tracking Stock (QQQ). The QQQ is an exchange traded fund (ETF)
that represents an interest in the portfolio of equity securities composed
of the Nasdaq 100 Index, composed of shares in the 100 largest and most
actively traded nonfinancial companies listed on Nasdaq.
www.nqlx.com, www.nasdaq-100.com, www.russell.com |
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Prophet.Net Launches Web-Based Technical Analysis Suite
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Prophet
Financial Systems has launched an online technical analysis suite, with
its new website offering active traders and online investors an easy-to-use
system for ongoing portfolio development and management.
It is organized around three main sections -- Explore, Analyze,
and Manage -- and offers the convenience and portability of browser-based
access. Three paid membership levels -- bronze, silver, and gold
-- access the features available at Prophet.Net. Real-time equities
data starts at $19.95 a month with the silver membership. Futures and options
traders can sign up for the gold membership. All investors are welcome
to enjoy basic features free of charge.
www.Prophet.net |
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GFT Signs With forex analyst
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Global
Forex Trading has established an exclusive relationship with Cornelius
Luca, who will provide expert analysis to users of the company's
DealBookFX trading software and its new offering, MarketMentor.
Luca is an expert in foreign exchange trading and analysis. He has been
trading and consulting since 1983. Global Forex Trading trades in more
than 40 currency pairs and offers a 24-hour live trading desk.
www.gftforex.com |
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