Trading Floor To Open Up Trading Information For Forex And Equities
Released
on: July 27, 2009, 2:53 am
Author: Saxo Bank
Industry: Financial
Saxo
Bank, the online trading and investment specialist, is addressing
the problem of market information overload with its TradeMaker
module to complement its trading platforms, as well as a new Trading
floor website.
![](https://express-press-release.net//63/logo/saxotrading.jpg)
The
information barriers of the past that limited trading to professional
traders with a Bloomberg or a Reuter's screen have long gone.
The quantity of trading information and Forex
news available to all types of traders on a home or business
PC has increased to such an extent that now it is possible to
trade not only stocks, but also Forex and more exotic instruments
such as Futures and CFDs.
But
while speed is vital when making trading decisions, speed without
solid strategic insight won't bring any advantages. The main problem
is that as the cost of information has fallen, the volume has
increased accordingly. Trying to find a way through this jungle
of FX crosses, quotes and trades is sometimes a challenge even
for the most experienced trader.
TradeMaker
is a real-time trading idea generator that is part of Saxo Bank's
award winning trading platforms. It provides ten daily intra-day
trading ideas on major currency crosses and CFDs including intuitive
charts and interface, as well as one click pre-populated trade
tickets or the ability to tailor the idea to personal trading
strategies.
"Using
the information and services provided by TradeMaker, we hope to
be encouraging those traders that are looking to enter the market
but need more direction," said Patrick Mortensen, Global
Head of Partner Marketing at Saxo Bank.
"We
have already received feedback that tells us users actually feel
more secure in their trading decisions, as TradeMaker enables
them to better identify and manage the risks involved in the market,"
said Patrick Mortensen.
The
advent of the electronic trading platform has brought an end to
the 'open outcry' of busy, noisy trading floors. As traders have
retreated behind desks and screens, the shouting, signaling and
pulling faces have disappeared. And with it has gone some of the
human interaction that helped inform the markets.
Trading
Floor is an attempt by Saxo Bank to bring some of that noise
back by getting the markets rubbing shoulders, dealing - and shouting.
Trading Floor provides up to date, forex news and market place
analysis.
The
aim of the new Tradingfloor site is to bring market participants
together through the web site. Saxo Bank provides the web site
and the expertise of its strategists and analysts and those of
its partners.
The
Daily Trading Stance is the mainstay of Tradingfloor's daily offering.
It is the position that Saxo bank's own strategists distribute
to traders with a rundown of the main themes of the day in FX,
equities, futures, and FX options.
The
commentary is prepared by Saxo Bank's Chief Economist David Karsbøl
and Saxo Bank's Equity Strategist Christian Tegllund Blaabjerg,
with additional advice from Forex expert John hardy, who was named
as one of the most influential people in Forex in 2008. Commodities
expertise is provided by Ole S Hansen and Alan Plaughmann. Tradingfloor.com
also has its own YouTube
Trading Floor channel which is updated daily with the day's
trading information and delivered by David or Christian.
The
speed of trading has picked up tremendously in recent years with
the use of automated and semi-automated systems. But the systems
are only as good as the information they receive. The key to success
in online trading is to find reliable sources of solid tradable
information.
About
Trading Floor:
Trading Floor is run by Saxo Bank - a global investment bank specialising
in online trading and investment across the international financial
markets. Trading Floor provides up to date forex news and market
place analysis.
For
further media information about Tradingfloor please contact:
Andrew Arnold
Saxo Bank A/S
Philip Heymans Alle 15
DK -2900
Hellerup
+45 39 77 40 00
www.saxobank.com