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Set up demonstration account today and test the system.
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2. newTRADE |
newTRADE involves both selling and buying at conditions set by the investor.
For an investor wanting to sell one share in order to buy another, these two
transactions are linked - ie. go from A to B and get the best possible
trading conditions.
At present there seems to be no satisfactory way of handling such a situation -
the investor either enters 2 market orders or a limit order followed by a
market order. There is no linkage and for the brokerage firm these are 2
separate transactions.
newTRADE is designed to handle such a situation.
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| Traditional vs. Computer-assisted Trading |
newTRADE does it differently
- it treats both orders as one right down the line until the moment of
execution.
The relationship between the bid and ask quotes of both shares is continuously
monitored
until the appropriate trading conditions are met and the user
informed.
newTRADE orders can be entered in 2 ways:
- Single order
- Multiple orders |
Selling one share to buy another |
Traditional
| Client enters
two
orders - one buy and one sell |
Both orders executed separately -
no savings |
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Computer-assisted
| Client enters
single
buy/sell order with savings criteria |
| Order is monitored continuously until savings criteria are met. |
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| newTRADE is market neutral and simple to use |
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