August 2002 TRADE NEWS
News Releases & Products

 

or return to August 2002 Contents



TRADE NEWS & PRODUCTS

XpressTrade Introduces Online Forex Trading

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

BACK

Townsend Analytics Adds System To RealTick Arsenal


 
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

BACK

eSignal Integrates Advanced GET Studies With Version 7.0

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

BACK

MG Financial Ups Charts Offering

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

BACK

Lime Brokerage Focuses On Automated Traders

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

BACK

McMillan Analysis Launches New Listed-Options Subscription Section Of Website

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

BACK

Instinet To Acquire Island ECN

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

BACK

Matheny Enterprises Offers Revised TradeStation Modules

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

BACK


 

DTN Launches New Version Of DTN.IQ Investor Software

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

BACK