The new tools are integrated into the StreetSmart Edge workflow to help clients identify new trading opportunities and execute their trading strategies.
Highlights of the new features include:
• Flexible order entry capabilities that allow traders to edit orders directly from charts without navigating to the trading or order status screens within the StreetSmart Edge workflow. Traders can now close positions or edit existing orders directly from charts that already show their current positions and open orders relative to current market prices, reducing the time it takes to execute trading strategies.
• Customizable stock screening with Screener Plus, a stock selection tool that helps clients identify possible trading opportunities by filtering stocks based on a range of fundamental and technical criteria. Traders can set the parameters that are most important to them and then integrate Screener Plus results with their pre-defined watch lists.
• Enriched market monitoring with the Momentum Tool, giving traders a graphical view of potential momentum shifts for a customized list of securities. This feature provides an at-a-glance view of whether market participants have been increasing or decreasing their posted quotes, allowing clients to view the ebb and flow of market sentiment and possibly helping them determine when to enter or exit positions.
• Integrated access to Schwab’s ETF Screener gives traders the ability to search for ETFs from a variety of issuers within StreetSmart Edge on a range of criteria, including exposure to various markets, industries, sectors and asset indexes.
• Additional decision-making and decision-tracking resources for traders, including the Trader’s Marketplace and Notes. Trader’s Marketplace streamlines trading research by providing access to third-party tools as well as Schwab’s proprietary research all in the same place within the StreetSmart Edge platform. Clients can also purchase a variety of tools from third-party vendors at discounted rates within Trader’s Marketplace. With Notes, clients can jot down comments and even take a chart snapshot, helping them later evaluate their trading activity and decision-making process.
“To be successful in a fast-moving market, active traders need to be able to efficiently identify and act on trading opportunities,” says Kelli Keough, vice president of active trading at Charles Schwab. “Our latest platform upgrade delivers a combination of sophisticated analytical tools and flexible trading features to help traders do just that, in a way that seamlessly fits into their trading workflow.”
In addition to the platform enhancements, active traders can now use Schwab’s new application for the Apple iPad to access charting features, tools and other trading features with the convenience of their iPad.
For more information, visit www.schwab.com/ssedge or call 1-877-566-0905.