London/Copenhagen - Saxo Bank sees growing client demand for high quality trading ideas.
Saxo Bank, the online trading and investment specialist, has launched TradeMaker, a tool that provides technical trading ideas to clients using the online SaxoTrader platform, following a 466% growth in unique clients using the platform’s technical analysis alerts in 2008.
TradeMaker has been designed in response to growing client demand for high quality trading ideas and ease of execution of those ideas in the SaxoTrader platform. The tool publishes real-time ideas on 10 major foreign exchange crosses and, when an idea is selected, it automatically populates the order ticket on the SaxoTrader platform with entry, profit target and stop loss price levels.
“The tough market conditions mean more of our clients are looking to technical analysis tools for trading ideas and tips on how to time their trades. TradeMaker not only delivers timely trading ideas to clients’ main trading space, but delivers them so clients can easily and speedily execute on them,” says James Morris, SaxoTrader Global Platform Manager.
“It has become clear from the rise in usage of technical alerts that more clients are seeking trading inspiration more often. TradeMaker takes the ideas to the client, rather than the other way around,” adds James Morris.
The introduction of TradeMaker follows the successful launch of SaxoMobileTrader for iPhone tm and SaxoMobileTrader for BlackBerry tm last year, enabling clients to stay updated with the markets and fully manage their positions at anytime.
TradeMaker is available to direct clients only. TradeMaker publishes real-time trading ideas and automatically populates the order ticket. Trade ideas will be announced on the platform by a yellow light bulb.
Initially, TradeMaker will publish daily trading ideas on 10 major FX crosses from a third party, Sostratos. Sostratos was selected as the first supplier to TradeMaker for its high quality research conducted by analysts following a clearly defined methodology.
The TradeMaker module will contain a detailed directional trade idea outlining entry, target and stop price levels. Each idea is accompanied by a chart image displaying the pertinent levels and by associated commentary on the idea. At the bottom of the module there is a pre-populated order ticket meaning quick and easy execution of the trade idea.