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What is a newTRADE and for whom is it meant ?
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newTRADE is designed for the investor wishing to sell one share in order to buy
another.
For him these buy and sell transactions are linked and he wants to know when is
the right time to trade.
He enters his order, for example at 1% or 2% better than what is presently
available, and newTRADE continuously follows both share quotes until these
savings are met and promptly advises the user.
The advantage is that the user has a way of timing his transaction and knows in
dollar terms what his savings will be.
Only newTRADE can do this.
A newTRADE can be entered in two ways - as a Single or a
Multiple order. Single order allows the user to sell one security and buy
another at a specified savings. A Multiple order is the same as a Single order
except that it allows a user familiar with the system to enter up to 10
newTRADEs at once without having to go back to the order entry screen every
time. |
smartLIMIT is an extension of the limit order. This cutting edge tool allows an
investor to be notified when to trade securities depending on how they perform
against a market index.
smartLIMIT monitors your order against an index of your choice and will advise
you when your security either under- or outperforms that index.
Another advantage is that it helps reduce (but not eliminate) the possibility
of selling into a rising market or buying into a falling one.
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| What is a multipleCHOICE order ? |
A multipleCHOICE order is different because it allows the user to sell shares
in one company and buy shares in any one of up to four other companies.
Once the order is entered, multipleCHOICE tracks the shares to be sold against
each of the shares to be purchased along with the specified savings criteria.
A maximum of 4 pending orders can be monitored simultaneously. The first
savings criteria to be reached sets off that particular advice and cancels the
others.
multipleCHOICE tracks one security on the sell side against
four
on the buy side. It's like entering four newTRADE orders so the chances are
that much higher that requested savings will be met.
Users may therefore wish to consider applying slightly higher savings criteria
when entering such an order. |
| How are savings calculated ? |
Savings are based on the average cash value of the order entered. If you want
to sell shares worth $20,000 and buy others worth $18,000, your average price
will be $19,000.
If you enter a newTRADE order to save 2% (or $380) your order will be monitored
until these savings are available.
You know in dollar terms how much you will be saving.
smartLIMIT, on the other hand, advises you by what percentage your shares have
either out- or underperformed a market index. Relative and not dollar savings
are concerned.
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| What are the chances of my newTRADE savings criteria being met ? |
Trying to improve on an existing situation is no guarantee of success. Entering
a limit order to buy a stock at $49 when it is trading at $50, does not mean
you will get it.
newTRADE is no different: except that it uses state-of-the-art technology to
save the investor money by properly timing his transaction - and the chances of
success are that much greater.
See Computer simulation
for a better understanding of the savings involved and the chances of achieving
such savings. |
| How often is my order monitored during the day ? |
It depends on how close the order is to reaching your savings criteria and the
volatility of the securities involved. If your criteria are far from being met
and you are dealing in low-volatile stocks, the pending order will be monitored
at extended intervals.
If, on the other hand, the shares you want to trade are volatile and your
criteria are close to being met, CAT follows the situation
every few minutes.
newTRADE and smartLIMIT provide a service which would be impossible to do
manually and extract savings from situations which would normally be missed. |
| What kind of savings can I expect when using newTRADE ? |
Will quotes be close to those at order entry when
savings criteria are met ? |
Not necessarily. This is one of newTRADE's big advantages. If markets move
sharply higher, you might find that the stock you were hoping to buy has moved
up. You will not have noticed that the one you intend to sell has moved up just
that much more and your trading criteria have been met.
newTRADE followed the short-term random movements of both securities to catch
the right moment and save you money. See
Psychological Factor. |
| Will I be advised only when the exact savings I requested are available ? |
CAT monitors bid and ask quotes until your savings criteria have been met
or surpassed. It is rare that you will get
exactly the savings you wanted. In most cases the results will be slightly
better than expected.
There is a chance that in active markets your savings criteria will have been
met only to be gone by the time you are advised.
For real time service where you receive
immediate advice, you must
register. This allows you to be promptly advised that your requested
savings have been met and the time is right to place an order.
This service is free during product pre-introduction. |
| How do I use MSN® Messenger? |
| MSN® Messenger, is an instant messaging program that lets you
send and receive instant messages. You are notified immediately when an
incoming message is received in a small prompt window on your computer screen.
To use MSN® Messenger you must download a small file. For more
information and download, visit
the MSN® Messenger website. |
| If you have any further
questions please do not hesitate to
contact us. |
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