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April 2002 TRADE NEWS
News Releases & Products
TRADE NEWS & PRODUCTS
M1y Version 2.0
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 M1y
Version 2.0
Money Supply Solutions offers version 2.0 of its direct-access trading
platform, M1y. M1y has benefits for both the broker-dealer and the active
trader. For the trader, M1y offers faster executions, charts, real-time
account history access, options, and other features. For the broker-dealer,
M1y offers risk-management features, lower hardware and support costs,
and centralized version control.
M1y was designed for cost efficiency. It can support 25 traders on an
infrastructure of four midrange servers. In addition, it uses Linux MySql
as its database engine, precluding the need for expensive database licenses.
System administration is also streamlined and cost-reduced with M1y. The
version that each trader uses is controlled with a single mouse-click by
the administrator, and can be different for each trader. The broker-dealer
can specify the maximum margin for each trader individually, and M1y will
prevent them from opening positions when they exceed their preset level.
The system automatically prevents short sale violations as well. M1y simplifies
back-office functions as well.
www.moneysupplysolutions.com |
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NeuralWorks Predict 3.0
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NeuralWorks
Predict 3.0
NeuralWare has released version 3.0 of NeuralWorks Predict for Microsoft
Windows. NeuralWorks Predict is an integrated tool for rapidly creating
and deploying prediction and classification applications. It combines neural
network technology with genetic algorithms, statistics, and fuzzy logic
to automatically find optimal or near-optimal solutions for a wide range
of problems. In addition, version 3.0 includes a new cluster identification
and analysis capability based on Kohonen self-organizing maps.
NeuralWorks Predict is simple enough for first-time users and powerful
enough to meet the demands of advanced users. In Windows, Predict runs
as a Microsoft Excel add-in. Detailed knowledge of neural networks is not
necessary.
NeuralWorks Pro II/Plus 5.5 is a neural network development environment.
Implementation of 28 neural networks ensures the flexibility needed to
build the right model for a given problem. Version 5.5 now includes the
Logicon Projection Network for research purposes. Pro II/Plus provides
full access to neural network data structures, allowing editing of network
connections and tuning parameters to get the best possible performance.
This program can link to any data source through programs built with its
user I/O application programming interface. Data and network files are
fully interchangeable.
www.neuralware.com |
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SAAFTI CONFERENCE 2002
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SAAFTI CONFERENCE 2002
Join your peers and the industry experts and discover new ways to grow
your advisory business during turbulent times. Attend Saafti's 2002
conference in Rancho Mirage, CA, April 29-May 1, for a discussion of the
latest trading techniques and marketing strategies. Learn how you can take
advantage of the benefits of active money management.
Topics will include tools for prediction and trade timing; industry
trends and changes; regulatory issues for advisors; trading psychology
and behavior dynamics; optimizing exchange traded funds; trading mutual
funds and annuities; and trading nontraditional assets. Keynote speakers
are Tom McClellan and Mark Douglas.
Registration prior to March 30 runs from $400 to $1,250. Add another
$200 if you register after that date. For more information, call 888 261-0787,
fax 303 979-2192, or e-mail saafti@mindspring.com.
www.saafti.com |
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XpressTrade Introduces Dynamic Quotes
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New
Options Education website
Professional options trader Tony Saliba, along with TradingMarkets.com,
has launched SalibaOptions.com, an educational website for options traders.
Saliba was one of the traders interviewed in Jack Schwager's
Market Wizards. He holds memberships on the Chicago Board Options Exchange,
the Chicago Board of Trade, and the Chicago Mercantile Exchange. He is
a founding member of Saliba Partners, an options trading firm on the floor
of the Cboe; he is chairman/founder of The International Trading Institute
and founder/partner of First Traders Analytical Solutions.
TradingMarkets.com is a site for stock, options, and futures traders.
Saliba Options provides self-paced education covering everything from options
trading basics to complex trading strategies such as butterflies, volatility
trading, and gamma scalping. Courses include Real-World Options, Advanced
Spread Trading, and more. Saliba Options also offers a daily alerts subscription
service.
Free trials and online demonstrations are available at www.salibaoptions.com.
www.TradingMarkets.com |
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FIBONACCI Workshop
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FIBONACCI Workshop
New Market Wizard Robert Krausz will teach a two-day workshop (April
5 and 6, 2002) on how to survive and prosper in a world gone nuts. Trade
selection, earlier entries, and flexible exits have become crucial, Krausz
stresses. In a changing market, you must change your strategies; this seminar
teaches you how.
The workshop will also explain how to use the features and tools of
the newly released Fibonacci Trader Version 4 (bring your laptop!).
Day 1 of the workshop will emphasize trade selection; day 2 will include
guest speaker John Jackson presenting his technique of high-probability
Fibonacci zones.
The workshop fee is $495 until March 15, $595 after March 15, or $695
at the door. Reservations and information: 904 723-3650, fax 904 726-9511,
sales@fibonaccitrader.com. A discount rate at the hotel where the workshop
will be held is available until March 15. Visit the Fibonacci Trader website
for information.
www.fibonaccitrader.com |
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ProfitTrader Plug-In For MetaStock 7.2
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ProfitTrader
Plug-In For Metastock 7.2
ProfitTrader from Walter Bressert combines cycle analysis, trading time
patterns, trend, and proprietary oscillators into a trading methodology
to identify cycle tops and bottoms as they occur in either stocks or commodities.
The program also generates mechanical buy and sell signals. This cycle-trading
software assists the trader in identifying bottoms and tops and in determining
the market trend in any time frame. A MetaStock ProfitTrader beta version
is now available.
www.walterbressert.com |
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Single-Stock Futures On NASDAQ LIFFE
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Single-Stock
Futures ON NASDAQ LIFFE
Nasdaq Liffe Markets announced a preliminary list of 50 stocks to be
listed as single-stock futures (SSFS) on NQLX.
NQLX is a fully electronic, federally regulated exchange formed as a
joint venture between the Nasdaq Stock Market Inc. and Liffe (London International
Financial Futures and Options Exchange). The preliminary list includes
some of the most active stocks currently traded on the New York Stock Exchange
and Nasdaq markets. A full listing of the stocks, subject to change, is
available at www.nqlx.com/NQLX/Publications/SSfInitialStock.stm.
Each futures contract is for 100 shares of stock, with prices quoted
as dollars per share. The minimum price movement (tick size) is $0.01 per
share ($1.00/contract).
www.NQLX.com |
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Socially Screened NASDAQ-Listed Stocks
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Socially
Screened NASDAQ-Listed Stocks
KLD Research & Analytics and the Nasdaq Stock Market launched the
KLD-Nasdaq Social Index. The KLD-Nasdaq Social Index is a market-value
weighted index reflecting the performance of approximately 290 of the largest
Nasdaq-listed US corporations in major sectors of the market, including
technology, financial, and telecommunications. Based on the Nasdaq Composite
Index, the KLD-Nasdaq Social Index is the first index to unite the popular
Nasdaq family of indexes with the growing demand for socially responsible
investment products. To construct the KLD-Nasdaq Social Index, KLD applied
an array of social and environmental criteria to Nasdaq Composite domestic
companies with more than $1 billion in market capitalization.
www.nasdaq.com, www.kld.com |
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OmniTrader 2002
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OmniTrader
2002
Nirvana Systems has released OmniTrader 2002. New features include draw-in-chart
capabilities and an "eighths" money management (stops) tool.
System confirmation was added, so users can create their own "vote
lines" or confirm OmniTrader's signals with specific systems.
Finally, the program's speed was improved, making it possible to
run faster scans and larger profiles of symbols in real time.
Also released is a two-part "Trading The Moves" seminar,
one covering OmniTrader and one on trading. OmniTrader comes in a Stocks
Edition (stocks, mutual funds, and indexes), Futures Edition (Stocks Edition
plus features specific for futures traders), and a Real Time Edition (for
both stocks and futures).
www.nirvanasystems.com |
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Virtual Trading Chat Room
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Virtual
Trading Chat Room
FireTraders.com announced a virtual trading chat room at their website
that allows FireTraders analysts to not only communicate their educational
trading concepts and ideas through conventional text and audio technology
but also post real-time charts and illustrations "as the trades
materialize." The site's beta testing users report advantages
over previous sites. FireTraders.com "Trade Radio" combines
conventional text chat with live audio chat. The new platform provides
capabilities for Firetraders.com to expand the number and quality of live
interactive online seminars.
www.firetraders.com |
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RINA Systems Releases OptiLogix
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RINA
Systems Releases OptiLogix
Rina Systems has released OptiLogix system and portfolio walk-forward
optimization software for TradeStation.
This walk-forward optimization minimizes the effect of hindsight for
more robust trading system development. Users can follow their optimization
routines on a walk-forward basis for realistic simulations. You can create
out-of-sample returns while optimizing criteria other than net profit,
such as the Sharpe ratio, profit factor, and average trade.
Users can also backtest an optimization strategy on a system or even
a portfolio. You can import and process hundreds or thousands of system
parameters into the OptiLogix database, then use the OptiLogix Windows
interface to run walk-forward studies, selecting desired inputs.
www.rinafinancial.com |
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ELWAVE 6.2 With Data Support
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ELWAVE
6.2 With Data Support
Prognosis Software Development has released Elwave 6.2 with fully integrated
support for RealTick data from Townsend Analytics. With this combination
of Elliott wave software and data from RealTick, Elwave users have an easy
solution available for their data needs.
Since both historical and real-time data are retrieved directly from
Internet servers, users no longer have to worry about gaps or other problems
with their data and can focus on trading instead. As real-time data comes
in, Elliott wave analysis results are kept up to date by the fully automatic
software. Alerts are displayed when significant occurrences take place.
Prognosis has also announced similar support for Tenfore, MyTrack, and
other data vendors.
www.Elwave.com |
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Neovest Set to Roll with Major Product Upgrades
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Neovest
Set to Roll with Major Product Upgrades
Neovest announced the release of its next generation of products. Coming
out of the final stages of beta testing are fully functional versions of
IdeaLink, the company's direct-access Internet offering, and the
most scalable version ever of Neovest, the firm's institutional
product.
Neovest IdeaLink features technology that helps traders conveniently
take control of trading environments via the Internet. Previous releases
targeted only online resellers, but customer demand has resulted in the
expansion of sales and marketing efforts to include all active traders.
This release boasts integration of the most popular features from Neovest's
leading products. The product features proprietary research plus custom
layouts and models, all integrated into a real-time, high-speed idea generation,
charting, and order-entry solution that is fully automatic.
www.neovest.com |
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Trading vs. Buy and Hold
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Trading
vs. Buy and Hold
Profits Run is a stock selection and mechanical trading system. Profits
Run focuses on trading rather than buy-and-hold, and is based on both fundamental
and technical analysis. Fundamental analysis is used to select only the
highest-potential stocks for long positions and the weakest stocks for
short positions. Technical analysis is applied to determine low-risk entry
points and exit strategies. These preselected stocks are then continually
analyzed with Profits Run, which enters a trade on market reactions against
a well-defined trend as the trend reasserts itself for another leg up (or
down). Each day after market close, Profits Run generates new signals that
are published and distributed in the Daily Signal Report (DSR) that same
evening.
www.ProfitsRun.com |
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Fractal Finance 3.0
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Fractal
Finance 3.0
Tetrahex has completed Fractal Finance 3.0. This financial analysis
program includes the Fractal Dimension Index, which allows investors to
determine any market's fractal dimension in seconds.
This index uses the technology pioneered by Benoit Mandelbrot and Edgar
Peters, but allows the layman with no background in chaos theory to apply
the science. The essence of fractal finance is a set of algorithms that
identifies a common fractal in a financial market across a number of time
frames. This is compared with nonlinear feedback loops between short- and
long-term investment dollars. Once certain fractal patterns are identified,
they are used to forecast market direction.
Tetrahex has worked with chaos theory for years to bring practical techniques
to the masses. After numerous developments, Tetrahex has now created an
effective, easy-to-operate fractal analysis program. More information on
chaos theory and fractal analysis is available from Tetrahex at its website.
www.tetrahex.com |
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Daytrading Software Online
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Daytrading
Software Online
5D Limited of the United Kingdom has launched First-On-Line, the Internet
version of its trading system First. The system runs from dedicated servers,
and its sensitivities are optimized mathematically. There is no requirement
for real-time datafeeds, hardware, or data maintenance. The markets covered
include indexes, bonds, and forex.
www.first-trader.com |
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The Daily Tracker
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The
Daily Tracker
The Daily Tracker workbook is designed to help the investor to track
stocks daily.
The tracking pages include sell guidelines the investor can refer to
during trading. The act of writing down daily market action helps the trader
think more about the markets. The link between the hand, eye, and mind
coordinates acute understanding and pattern observation. The booklet is
designed so busy people can maintain it in only a few minutes each day.
The Daily Tracker, 877-WRK-SHTS |
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