Dion launches high-frequency trading system for Autralian retail investors

Source: Dion Global

Dion Global, the financial technology firm for capital markets, today launched TCPro for Australian retail investors.

The new system will give retail traders institutional-level capabilities they can’t currently access in Australia. These include multi-asset trading capabilities; sophisticated order management tools; customizable screens with single stock, pairs and whole market views in realtime, and superior market data that can be integrated into trading decisions. The full suite of capabilities is available on mobile as well, so investors can track and trade their portfolios on the go.

Retail investors will be able to access the platform through participating brokers, who will be rolling the system out before the end of financial year.

Australia NZ Country Manager Simon Smyth said the system had been built from the ground up to give the same power over their portfolios as institutional traders do.

“There are huge numbers of Australians who take great care and pride in managing their portfolios on a daily basis – ‘high frequency trader mums and dads’ – and they don’t want to hand this responsibility over to a third party,” he said. “Until now they haven’t had appropriately sophisticated tools to optimize this process.”

Advisers and brokers can also use the system to trade on clients’ behalf. TCPro gives this group the same sophisticated tools as well as the ability to share trading information in real time on clients’ desktops, tablets and mobiles.

“The trading tools that were once the province of the big banks are now in the hands of retail brokers and investors,” said Director Australia NZ David Bowles. “This is an extremely rich interface which is accessed as simply and securely as logging in to mobile banking. Unlike any other system available in Australia all the hardware and systems are built using the latest technology and therefore are faster, more reliable and far more intuitive.”

The system also offers compliance and audit reporting, removing complexity from maintaining and communicating audit trails. Dion technology will go live at several new brokers and an exchange this month.

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