Scottrade, a leading online brokerage, and Trade-Ideas, publisher of real-time, custom-filtered market data, announced today that they have partnered to offer Trade-Ideas' Idea Generation Technology to Scottrade customers who use ScottradeELITE, Scottrade's advanced platform for active traders.
Scottrade is the first major discount brokerage to offer Trade-Ideas on its retail active trader platform.
Covering stocks, ETFs and indices on every U.S. exchange, Trade-Ideas acts as thousands of eyes watching the markets in real-time for customer-selected set-ups and patterns. Trade-Ideas can improve a customer's market performance and risk management by offering:
- Answers to active traders' most common questions: "What should I be trading today?"
- An easy-to-navigate and graphical interface for modeling customer trading plans
- Filtered ideas published in real-time that match customer preferences for trading
- Backtesting of any model to determine the quality and frequency of alerts generated
"Trade-Ideas' real-time Idea Generation Technology (IGT) has the potential to change the landscape of online investing by giving individuals the ability to see customized opportunities in the market as they happen; opportunities that are otherwise very hard to find. Scottrade is clearly taking the lead by embracing this technology to give their ScottradeELITE customers an edge," adds Dan Mirkin, Senior Managing Partner of Trade-Ideas.
ScottradeELITE is a fully customizable platform that offers advanced tools to help active traders find opportunities in the market and make quick trading decisions. These traders demand the idea generation and risk management that Trade-Ideas offers, as well as the other advanced tools and technical indicators available through ScottradeELITE. Trade-Ideas can be used in conjunction with ScottradeELITE's other trading tools, including charts, news and research.
"Trade-Ideas offers yet another perspective for ScottradeELITE users who want even more insight into market performance," said Kevin Dodson, Manager of Online Trading Platforms at Scottrade. "Our customers demand this type of advanced technology and Scottrade is able to bring it to them through our active trading platform at no additional cost."