NeonDrum - Be Seen, Be Heard, Online

NeonDrum News

Subscribe to NeonDrum News: eMailAlertsEmail Alerts
Get NeonDrum News: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


News Feed Item

FutureTrade Enhances Trading Platform With Release of Version 3.0

FutureTrade Enhances Trading Platform With Release of Version 3.0

NEW YORK and LAKE FOREST, Calif., April 5 /PRNewswire/ -- FutureTrade, a leading independent provider of electronic equity and option execution services, announced today the latest upgrade to its popular trading platform, FutureTrade Version 3.0. FutureTrade has introduced five new features designed to further enhance the ease and functionality of the platform, with specific applications introduced for the equities and options trading.

"As the popularity in electronic trading grows, traders continue to seek tools and functionality that will enable them to execute their trades more efficiently," said Mr. Jim Kwiatkowski, Executive Vice President of FutureTrade. "By working directly with our users to develop these new features, we have been able to implement sophisticated functionality that not only complements our existing platform but easily integrates with a trader's existing workflow without introducing complexity allowing traders to maximize their trading decisions."

Version 3.0 upgrades include: * List trading/staging strategies -- Equity traders can create tickets manually or import lists via file import from popular applications like MS Excel. Single tickets and lists can also be sent from popular Order Management Systems (OMS) including Charles River Development, Macgregor, Eze Castle Beauchamp, InfoReach for staging or execution. Additional capabilities include sophisticated list management strategies as well as risk management and compliance functionality. * Symbol based order preferences -- Equity traders now have the ability to set their preferences by symbol for order quantity, execution venue and order type including algorithmic order types. With this functionality, traders can enter new orders with the confidence that their typical instructions will be in place for that stock. * Spreads Functionality -- Option enhancements include the ability for traders to send spread orders to the ISE. Users can also click directly on a price and have it automatically populate entry fields in the spread panel, make any modifications and then enter the order as a leg of the spread order. * Sweeps Functionality -- Options traders can now enter multiple single orders at one time when hitting the bid or taking the offers accessing available liquidity from the five major options exchanges. * New Web Allocations -- FutureTrade's Web allocations tools have been enhanced making them easier and faster to use. Users can now select multiple trades to allocate at the same time or allocate trades using several methods including percentages. About FutureTrade

FutureTrade provides buy-side traders with a fully integrated direct access trading platform for equities and options. Through one platform, traders access liquidity on all major exchanges, ECNs, ATSs, Market Makers, DOT and all major US Options Exchanges. Users enter orders, get instantaneous executions, track multiple portfolios, access market data efficiently, and see advanced analytics -- all from a single integrated workstation. FutureTrade facilitates real-time reporting of trade data making it an ideal front-end to straight-through processing for buy-side traders. Market conditions and system performance may delay system access, real-time data and trade execution. Transactions executed through FutureTrade Securities, a wholly owned subsidiary of FutureTrade Technologies. Securities offered through FutureTrade Securities, LLC. Member of NASD and SIPC. For more information, please visit http://www.futuretrade.com/.

FutureTrade

CONTACT: Jim Kwiatkowski of FutureTrade, +1-212-230-2501,
[email protected]; or Melissa Kanter of Edelman, +1-212-704-8261,
[email protected], for FutureTrade

Web site: http://www.futuretrade.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.