COESfx enhances trading platform
09 January 2006 | 1187 views | 0
COESfx, Inc. has added new features to its trading platform, increasing control and ease-of-use for retail and institutional forex traders.
The new features - one-click execution; "If Then", "One Cancels the Other" (OCO), and "Good 'Til Cancelled" (GTC) orders; and chatroom alert - allow retail and institutional investors to easily manage their forex and spot commodity trades on the COESfx trading platform.
The "If Then" orders allow users to enter an order to open a position as well as assign an order to close the position. With this feature traders are ensured that they have a Take Profit and/or Stop Loss or Trailing Stop to close the position. The new one-click execution feature allows users to fill trade orders in milliseconds by clicking the "bid or offer" button, which eliminates the need for users to fill-in specifications such as size of offer and time of the order.
"These advanced trading features were added to our trading platform because our clients expressed their need for trading tools that would help them trade more efficiently," said Ronald Balzano, president, COESfx. "Our trading volume and number of traders on our trading platform has increased significantly over the last year. We responded to the demands for more forex trading pairs by doubling our offerings this year. And, we even branched out to include spot commodities based on customers' requests. Now that retail and institutional investors are looking towards us as the trading platform of choice, they are asking for additional functionalities."
In addition, COESfx's new "One Cancels the Other" feature allows users the ability to take a profit or specified loss when they close a position. When two orders are placed at the same time - and when one is executed or cancelled, the other order is automatically canceled. The "Good 'Til Cancelled" feature allows active orders to be kept open until it is either executed or cancelled by the user. COESfx has also added convenience by enabling a chat alert to its chat rooms.