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August 2002 TRADE NEWS
News Releases & Products
or return to August 2002 Contents
TRADE NEWS & PRODUCTS
XpressTrade Introduces Online Forex Trading
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 XpressTrade,
LLC, announced it has begun to offer direct, electronic access to the
over-the-counter foreign exchange market. XpressTrade's self-directed,
online trading customers will have access to all US futures exchanges,
eight of the leading foreign futures exchanges, and the over-the-counter
forex market - all through a single online broker.
In conjunction with this new forex trading service, XpressTrade also
has launched a new public website. The spot forex market is the largest,
most liquid, and most accessible market in the world. With a daily trading
volume of over $1.5 trillion, the spot forex market is substantially larger,
more active, and more liquid than the $50 billion daily market for equities
and the $30 billion futures market.
Initially, XpressTrade will offer trading in 17 different currency pairs,
featuring one-click trading from real-time, streaming quotes, and 24-hour
trading.
XpressTrade www.xpresstrade.com |
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Townsend Analytics Adds System To RealTick Arsenal
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Visual
equity trading and analysis system MarketGauge is available to users
of its RealTick trading platform, says Townsend Analytics, Ltd.
MarketGauge enables traders to see what is driving the market at every
level by analyzing the market's overall health as well as sectors,
industry groups, indices, and individual stocks.
Townsend provides real-time market data and direct-access trading software.
Through MarketGauge, developed by DataView, LLC, traders can grasp
market conditions to discover trading opportunities and spot emerging risks.
They can spot stocks driving the leading and lagging industry groups or
countertrending them, analyze the stocks in any industry group, and more.
MarketGauge also tracks historical trends.
Townsend Analytics www.taltrade.com
DataView www.marketgauge.com |
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eSignal Integrates Advanced GET Studies With Version
7.0
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eSignal
announced
it has integrated Trading Techniques' Advanced GET Studies
with eSignal 7.0, the combination giving users an advanced technical analysis
package.
The combined service provides traders with technical analysis software
and a set of technical analysis indicators. eSignal version 7.0 incorporates
high-end charting, technical drawing tools, and a new eSignal formula script
engine (based on JavaScript) for customizing technical studies and indicators.
It also features more than 100 studies, including third-party studies from
leading technical analysts.
In addition, traders will benefit from the expanded European coverage
announced last month by eSignal, which includes real-time financial market
data from 17 major European exchanges, plus European historical and intraday
data.
Advanced GET provides insights into technical analysis that, taken together
with eSignal, can provide an objective, rule-based approach to trading.
Adapted from a variety of techniques, Advanced GET assists traders with
timing entries and exits, tightening stops, and identifying new trading
opportunities. Advanced GET is known for its comprehensive set of Elliott
wave tools and has won the STOCKS & COMMODITIES Readers' Choice
Award for the past nine years for best futures trading system and for the
past eight for best stock trading system.
Real-time Advanced GET studies are available immediately to registered
users of eSignal Pro and eSignal by calling 800 833-1228 in the US or +44
(0) 20 7825 8770 in Europe. These studies are available at an annual prepay
rate of US$130. Also available is eSignal Platinum, a new package that
includes eSignal, eSignal Market Scanner (Turbo Package), Advanced GET
Studies, and Advanced GET Scanner for US$395 per month or US$3,840 for
an annual subscription, a discount of more than 40%.
eSignal www.esignal.com
Advanced GET www.advancedget.com |
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MG Financial Ups Charts Offering
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MG
Financial Group (MG) has expanded its Charts offering to include the
Market Pulse Highlights, a part of Standard & Poor's foreign
exchange service. This new feature is in addition to S&P's Technical
Trader & the Strategizer.
Market Pulse Highlights provides real-time intraday commentary on critical
factors driving the global forex market. The service is updated around
the clock from New York, London, and Tokyo and delivers insight into the
economic and political factors moving foreign exchange.
MG Financial Group's Charts & News is free for all MG live
account holders and costs $44.95 for nontrading subscribers. A 30-day free
trial is available.
MG Financial Group www.mgforex.com |
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Lime Brokerage Focuses On Automated Traders
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Lime
Brokerage announced a jump to 80,000 transactions executed per day
within six months of beginning to accept customer orders. This growth was
driven by Lime's focus on the needs of automated and sophisticated
traders.
The Lime Brokerage API allows trading algorithms to receive market data,
manage positions, and execute trades. Lime Brokerage is connected to all
the major electronic communication networks and permits trading of US stocks
on the NYSE, Nasdaq, and Amex.
Lime Brokerage www.limebrokerage.com |
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McMillan Analysis Launches New Listed-Options Subscription Section Of Website
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McMillan
Analysis Corp. has launched the Strategy Zone, a new subscription section
of its website offering information on listed options.
The Strategy Zone is designed for option traders who conduct their own
research. The website contains current market commentary, written by options
expert Lawrence G. McMillan; data and analyses concerning option volatilities
and option strategies; more than 200 put-call ratio charts; and a select
number of volatility charts, all updated daily. It also contains archives
of past newsletters published by McMillan Analysis Corp., articles on how
to use the data for each strategy on the site, and access to a probability
calculator. A one-week free trial to the Strategy Zone is available upon
request.
McMillan Analysis Corp. www.optionstrategist.com |
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Instinet To Acquire Island ECN
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Instinet
Group has agreed to acquire Island ECN in an all-stock transaction.
This combination will create a global electronic trading platform, offering
investors and traders access to a deep liquidity pool and a broad range
of value-added services. In connection with the transaction, Instinet expects
to pay a cash dividend. Island's stockholders will own approximately
25% of Instinet common stock on a fully diluted basis. The combination
is expected to deliver significant synergies as a result of expanded liquidity
and cost savings in clearing, technology, facilities and administration.
Instinet www.instinet.com
Island www.island.com |
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Matheny Enterprises Offers Revised TradeStation Modules
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Matheny
Enterprises announced newly revised automated trading modules for TradeStation
6, developed with Samuel K. Tennis of Vista Research. These modules include
the adjusted stop level breakout library (ASL), the trending candle/body
reversal library (TCBR), the balanced length averaged movement library
(BLAM), and the BLM technical indicator library (BLMTI).
The modules cost $250 each and are available through Matheny Enterprises.
www.ment.com |
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DTN Launches New Version Of DTN.IQ Investor Software
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Data
Transmission Network (DTN) has released the latest version of its investor
software, DTN.IQ, a real-time streaming quote and news service.
DTN.IQ is a premium software platform used by stockbrokers and active traders
that integrates real-time, tick-by-tick market information with trading
platforms, analytical tools, charts, news, time and sales data, and market
scanning tools. The new version, the result of DTN's development
effort to maximize performance and increase ease of use for its flagship
service, DTN.IQ, offers easy-entry watchlists with spreadsheet-like functionality,
unlimited Nasdaq Level II screen, and DDE link capabilities. In addition,
users will now have daily and weekly commodity charting tools and enhanced
alerts and formatting options in the News service. Another feature of the
new version is an increased selection of integrated trading partners, with
Preferred Trade, BLC Direct, and most recently MB Trading and Gro Corp.
all offering discounts on DTN.IQ for utilizing their integrated trading
services.
Data Transmission Network www.DTNIQ.com |
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