December 2002 TRADE NEWS
News Releases & Products 

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TRADE NEWS & PRODUCTS



Software Discovers Trading Systems Automatically

TradingPatterns.com has released version 3.2 of APS, Automatic Pattern Search, which can discover trading system models based on price patterns automatically. The user is not required to program anything other than to specify the desired historical performance of the trading models to be discovered.

The System Tracking module monitors the trading signal generation of the models the user selects. A daily function scans a universe of securities for price patterns formed as of the close of the market that meet a set of historical performance criteria specified by the user.

Aps is based on the concept of forward synthesis of trading systems, a process by which a trading system's desired historical performance is defined in advance. Then a process takes over that searches for a model that matches or exceeds that performance.

www.TradingPatterns.com

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FXDirectDealer Launches Trading Demo and Website

FXDirectDealer has launched its website and a trading demo of its online foreign exchange trading platform. Built-in features include a graphical margin monitor that shows customers the margin level in their accounts in real time, a view of the total value of the account, daily and monthly trades, unrealized profits and losses, and trading power still available.

www.fxdd.com

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Low Commissions and Streaming Web Platform


 
CyberTrader Inc., a subsidiary of The Charles Schwab Corp., announced an expansion of its direct-access brokerage technology, pricing, and services into the active trader marketplace.

With reduced commissions across all platforms, a web trading platform, and stock research, CyberTrader now offers a trading experience, once available only to professionals, to clients who trade as few as 10 times per month.

To promote its new offerings, new CyberTrader clients are eligible to receive up to 25 commission-free trades. The low commission of $9.95 applies to all trades executed on CyberTrader's newly enhanced web platform, which features streaming real-time market data, direct access and intelligent order routing functionality, and options trading capabilities.

www.cybertrader.com

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Interactive Brokers Adds eSignal and QuoteTracker

Interactive Brokers (IB) is now offering its customers easy access to eSignal and Medved QuoteTracker through its Traders' Toolbox, which provides access to a number of third-party commercial trading tools. eSignal and QuoteTracker are providers of streaming real-time charts and news that each has integrated with IB's Trader Workstation to allow orders to be routed to IB for execution.

www.interactivebrokers.com, www.quotetracker.com

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eSignal 7.1 Enhances Charting, Adds Back-Testing

  eSignal announced that its newest version features enhanced tick charts, back-testing with Strategy Analyzer Reports, integrated trading, the Advanced Get Scanner, and two additional indicators, which can be added onto the eSignal application. These features enhance the charting and technical analysis application of the company's flagship data delivery and trading platform.

Version 7.1 allows traders to create tick charts, tick bars, and seconds bars, offering greater detail and enabling traders to get into the market more quickly. This version offers its own back-testing language, with the ability to optimize a trading strategy using historical data and then to see whether it has predictive validity on current data.

Registered users of eSignal Pro and eSignal can download the software online. Pricing starts at $49 for active traders and $175 for professionals.

www.esignal.com

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MetaStock 8.0 Features Retooled, Enhanced System Tester

Equis International, a Reuters company, is now offering MetaStock 8.0, a full-version upgrade for charting and analysis of all types of securities, available in both end-of-day and real-time versions. MetaStock 8.0 offers a new Enhanced System Tester with the ability to test multiple trading systems on multiple securities, and the ability to customize these tests. Traders can use The Explorer for online and new volume-based explorations and analyze securities with the new Equidistant Channel Line Study. Five new PowerPivots models identify and label trading ranges for better entry and exit strategies. The end-of-day version is available at $449, and the real-time version at $1,695 (shipping and handling are extra). Subscription versions are $59 and $199.95, respectively.

www.equis.com

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Nasdaq LIFFE Markets Announces security futures Launch Date

Nasdaq LIFFE Markets (NQLX) announced that November 8, 2002, would be their launch date for offering security futures on its market. NQLX is a fully electronic, federally regulated exchange formed as a joint venture between The Nasdaq Stock Market and LIFFE (London International Financial Futures and Options Exchange). It will initially list securities futures on both exchange-traded funds and the largest US companies through Liffe's electronic trading platform, LIFFE Connect.

www.nqlx.com

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StockCharts.com Acquires MurphyMorris

StockCharts.com, the provider of online financial analysis tools and charts, has completed its acquisition of MurphyMorris, the online home of well-known financial analysts John J. Murphy and Gregory L. Morris, the company announced. MurphyMorris has provided market analysis to online investors since 1996. StockCharts users can expect to see Morris and Murphy's contributions showing up in StockCharts' ChartSchool articles, in advanced Chart Pattern scanning features, and in expanded newsletter commentary, the company added.

www.stockcharts.com, www.murphymorris.com

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Matheny Enterprises Releases Automated Trading and Analysis Modules For eSignal

Matheny Enterprises announced the release of automated trading and analysis modules for eSignal 7.1. The modules include on-screen real-time indicators and analysis, on-screen plotting of stop levels and trailing levels, indicator-based histogram analysis featuring eSignal back-testing strategies, indicator-based trend histogram, interactive HTML-based pattern descriptions, and user-configured system inputs. Modules range in price from $100 to $300 each.

www.ment.com

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Ameritrade offers Bunched Trading Enhancement For Advisors, Broker/Dealers

Ameritrade announced the addition of bunched trading and account grouping functionality enhancements to its Ameritrade Connection services platform.

Bunched trading increases advanced order functionality for Registered Investment Advisors and Independent Broker-Dealers, allowing them to place equity and options trades across multiple accounts with one order. Trades can be allocated to accounts in proportions determined by the advisor or registered representative, either as share amounts or as a percentage of total shares. Trades may also be processed as a block order for price improvement and order anonymity.

Ameritrade Advisor Services, division of Ameritrade, provides financial planners and advisors with online brokerage systems and support services.

www.amtd.com

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TheTechTrader.com Launches Real-Time Alerter

The Technical Trader has launched an instant messenger-style alerting system to give subscribers real-time access to syndicated technical analyst Harry Boxer's daytrades and market insights. The new alerter has customizable audio and visual alerting features so that subscribers can be notified instantly when Boxer makes an entry in his technical trading diary. His site, The Technical Trader, features a diary of his minute-by-minute trades and market analysis, plus annotated technical charts and stock picks. The new real-time alerter also includes notification of his intermediate model portfolio trades.

www.thetechtrader.com

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