Trading Software

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In finance, an electronic trading platform also known as an online trading platformis a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocksbondscurrenciescommoditiesderivatives and others, with a financial intermediary, such as brokersmarket makersInvestment banks or stock exchanges.

Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading. Sometimes the term trading platform is also used in reference to the trading software alone.

Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, software used for online trading feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to software used for online trading markets that could formerly only be accessed by specialist trading firms.

They may also be designed to automatically software used for online trading specific strategies based on technical analysis or to do software used for online trading trading. Transactions have traditionally been handled manually, between brokers or counterparties. However, starting in the s, a greater portion of transactions have migrated to electronic trading platforms.

These may include electronic communication networksalternative trading systems" dark pools " and others. The first electronic trading platforms were typically associated with stock exchanges and allowed brokers to place orders remotely using private dedicated networks and dumb terminals.

Early systems would not always provide live streaming prices and instead allowed brokers or clients to place an order which would be confirmed some time later; these were known as ' request for quote ' based systems.

Trading systems evolved to allow for live streaming prices and near instant execution of orders as well as using the internet as the underlying network meaning that location became much less relevant. Some electronic trading platforms have built in scripting tools and even APIs allowing traders to develop automatic or algorithmic trading systems and robots.

The client graphical user interface of the electronic trading platforms can be used to place various orders and are also sometimes called trading turrets though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders. During the period from tothe development and proliferation of trading platforms saw the setting up of dedicated online trading portals, which were electronic online venues with a choice of many electronic trading platforms rather than being restricted to one institution's offering.

Software used for online trading Wikipedia, the free encyclopedia. Retrieved 10 June Retrieved from " https: Electronic trading platforms Share trading. All articles with unsourced statements Articles with unsourced statements from September Articles with software used for online trading statements from March Views Read Edit View history.

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Day trading software is computer software intended to facilitate day trading of stocks or other financial instruments. Day trading software falls into three main categories: Data, Charting , and Trade Execution. In the case of stocks and futures, those prices come from the exchange where they are traded. Forex is a little different as there is no central exchange. The vast majority of day traders will chart prices in some kind of charting software.

Many charting vendors also supply data feeds. Charting packages all tend to offer the same basic technical analysis indicators. Advanced packages often include a complete programming language for creating more indicators, or testing different trading strategies. Once traders have their data and can see and analyze it on a chart, they will at some point want to place a trade. To do so, they need to use some kind of trade execution software or electronic trading platform.

Most stock brokerage firms will provide proprietary software linked directly to their in-house systems, but many third party applications are available through Independent software vendors ISV.

The advantage of third party programs is that they allow the trader to trade through different brokers whilst retaining the same interface. They may also offer a number of advanced features such as automatic trade execution.

From Wikipedia, the free encyclopedia. The Globe and Mail. Retrieved 19 October Retrieved 29 October Retrieved from " https: Views Read Edit View history. This page was last edited on 24 January , at By using this site, you agree to the Terms of Use and Privacy Policy.