Online brokerage Thinkorswim and the Chicago Board Options Exchange Incorporated (CBOE) today announced the launch of CBOE paperMoney, a feature-rich web- and software-based trading platform.
CBOE.com members can now use this suite of tools to learn more about trading and test options strategies on the Exchange's award-winning website.
Employing the latest in financial technology, the web-based version of paperMoney will be offered free to all CBOE.com members. Visitors wishing to download the powerful software-based version simply need to register on the CBOE site and follow the download instructions.
Edward Provost, CBOE Executive Vice President of Business Development commented, "CBOE firmly believes that an informed investor is a better investor. Our commitment to investor education is evidenced by the ongoing work of The Options Institute, CBOE's educational arm, and the educational content on our award winning web site. thinkorswim has shared this mission since its inception, and we are excited to make this innovative platform available to options traders at CBOE.com."
"The CBOE is committed to new product innovation and advanced educational services for the benefit of the retail investor. thinkorswim's goal is simple and complementary - deliver the best trading technology supported by professional style trading tools to individual traders," said Tom Sosnoff, President of thinkorswim. "paperMoney lets novice and experienced investors experiment with new options strategies without risking real money."
With the launch of paperMoney, these new features are now available through the "Trading Tools" section of CBOE.com, including:
- Testing of complex option strategies and advanced order types
- Unique market content including live audio and trading day squawk boxes
- Multiple, powerful charting platforms including Prophet Charts and TOS Charts
- Dynamic help menus, 24/7 live and email support
- Simple migration to software and mobile platforms for advanced simulated trading