Etrade Financial, a provider of online trading and investing services, has launched two online tools, strategy scanner and streaming sectors, designed to help investors identify market opportunities, generate actionable trading ideas, and make informed, trading decisions.
According to the company, strategy scanner offers more than 25 pre-defined and unlimited customizable trading strategies, Etrade’s new strategy scanner tool uses a technical screener that continuously scans all US market equities and alerts customers in real-time when set conditions, such as minimum volatility, are met.
The company has said that the streaming sectors tool demonstrates in real-time how particular industries and sectors are performing from a technical and fundamental point of view. The tool breaks down sub-sectors by individual stocks, highlighting those that are significantly impacting overall sector performance.
The tools are available at no charge to Power Etrade Pro customers, and are integrated and streamlined on the active trader platform. The tools build on enhancements to the Power Etrade Pro platform introduced earlier this year, including the ability to view and customize options analytics, streaming Greeks and implied volatilities. In addition, a new Excel plug-in feature provides enhanced customization features and the ability to create spreadsheets with unlimited conditional order algorithms using individualized cost basis methodologies, said Etrade Financial.
Michael Curcio, managing director of Etrade Securities, said: In today’s volatile markets, active traders value knowledge, ideas and tools that will help them spot opportunities, mitigate risk, and make informed, real-time decisions. At Etrade, we are focused on providing innovative tools to help stimulate idea generation, while teaching investors new ways to analyze and leverage the markets in real time.