optionsXpress Holdings has added a series of new trading features to its platform, for online investors. These features are designed specifically for the more active and sophisticated traders.
According to the optionsXpress, its Option Chains now offers streaming, real time price updates inside a standard web browser. Customers can have the up-to-the-moment data for bid, ask and volume, providing the the ability to make real-time trade decisions.
Customers can further stretch their strategic muscles with new trade variations now available on Xspreads and Multi-Leg trade pages. They include, Broken-Wing Butterflies, which construct butterflies with non-standard ratios such as 1:2:2 and 1:3:1, Unbalanced Butterflies that set up butterflies with asymmetric (uneven) strike price differentials and Ratio Spreads that provide additional free-form spreading options.
The firm has said that to make finding opportunities across the different products easier, it has expanded its Trading Patterns tool to include futures contracts. It has added that this tool’s interactive pattern diagram identifies new trading opportunities in securities, options or futures contracts based on the views of like-minded investors.
David Fisher, CEO of optionsXpress Holdings, said: “We continue to see the level of sophistication of retail investors increase as well as their ability to react more quickly to changing market conditions. The improvements that we are announcing are tailored specifically to meet this more active approach of our investors and to do so with an even higher level of service and with more intuitive and powerful tools.”
