July TRADE NEWS
NEWS RELEASES
& PRODUCTS:
New Brokerage Service Neural Data Mining
Real Time Quotes North Systems New Release
Linking Neural Networks Measure Portfolio Performance
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New brokerage service allows traders to buy and sell in between bid-ask spread
NEW -- Pioneer Trading Discount Brokerage has introduced a new service that allows individual investors to buy and sell NYSE, AMEX and NASDAQ stocks in between the bid-ask spread through Instinet and SelectNet. Instinet and SelectNet are computer networks utilized by market makers, brokerage firms and institutions to effect securities transactions at prices in between the bid and ask, as displayed to the general public. These systems are often utilized to trade stocks before the markets open and after the markets close.
Pioneer Trading clients also have the option to direct listed orders to primary exchange floors in search of better executions.
Commissions are charged according to the location of execution. Straight market orders and limit orders (not entered into a computer network or sent to an exchange floor) are charged a flat $25 service fee, regardless of the number of shares bought or sold. Orders entered into SelectNet or Instinet are charged an additional fee.
Pioneer Trading Discount Brokerage
11 S. LaSalle St., Suite 1500
Chicago, IL 60603
Phone: 800 756-6652, 312 346-4340.
Neural data mining program analyzes datasets
NEW -- The Advanced Technology Transfer Group 's NeuroClassifier for Windows ($85) is a data mining tool with a neural network at its core. The NeuroClassifier can help the user discern if a particular stock has a predictable trend, why East Coast sales are higher than in the West, what events are out of the norm in radar telescope data, or detect patterns in other datasets.
Also available from Advanced Technology Transfer Group is Neural Net Tutor, a neural network product.
Advanced Technology Transfer Group
Phone: 800 364-5985
Fax: 905 683-9348.
Real-time quotes offered over Internet
NEW -- Data Broadcasting has begun offering subscribers real-time quotes for $29.95 per month over the Internet. The service, called MarketWatch, provides subscribers with real-time stock quotes, fundamental and historical financial data and charts, a specialized business news headline service, portfolio tracking features and other investment-related information. The $29.95 monthly fee includes exchange fees.
Data Broadcasting Corp.
3490 Clubhouse Drive 1-2
Jackson, WY 83001
Phone: 307 733-9742. Fax: 307 733-4935
Internet: http:/ /www.dbc.com.
New version of technical analysis software emphasizes consensus indicators
UPGRADE -- North Systems has released version 2 of its Time To Trade software. The new version generates buy and sell signals using two consensus indicators. The first is called the Nsinc index, formerly called the Insync index, which was the subject of a January 1995 S&C article. The second is based on 10 trend-related indicators, including the average directional movement index, the vertical horizontal filter, the linear trend oscillator and the exponential trend oscillator.
A free demo is available. North Systems has been developing technical analysis software since 1981.
North Systems
6821 Lemongrass Loop SE
Salem, OR 97306
Phone: 503 364-3829. Fax: 503 391-5929
E-mail: NorthSys@aol.com.
Software creates network of neural networks
NEW -- Themisto Numerics Limited has released Prognostica advanced neural computing software. The program can link separate neural networks to create a network of neural networks for data forecasting and categorization. The design is flexible and an unlimited number of neural nets may be linked. Its drag-and-drop Windows interface makes it user-friendly, and the integrated spreadsheet allows for convenient data importing and exporting.
The Prognostica modeling environment enables the novice or expert user to organize complex applications with numerous components. The price is US$1,995 with a 33-day money-back guarantee.
Themisto Numerics Ltd.
83 Woodhedge Drive, Porchester Rd.
Nottingham NG3 6LW, UK
Phone +44 (0) 115 952-3207. Fax: +44 (0) 115 956 -5890
E-mail: 100020.371@compuserve.com.
Calculator measures portfolio performance with few inputs
NEW -- Easy ROR for Windows from Hamilton Software helps individual and professional investors measure portfolio performance. The program uses deposit, withdrawal and balance information to calculate a rate of return for any portfolio, regardless of investment vehicle.
Both internal and time-weighted rate of return can be calculated before or after taxes, as well as gross or net fees between any two dates. Monthly, quarterly and annual reports showing both individual and cumulative results can be produced, as well as graphic displays of performance and investment activity. Easy ROR offers a variety of AIMR-compliant calculation methods.
The price of Easy ROR for Windows or DOS is $59, or $89 for an asset allocation version. Demo, $5.
Hamilton Software Inc.
6432 East Mineral Place
Englewood, CO 80112
Phone: 800 733-9607
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