eSignal and FXCM offer integrated foreign exchange trading
27 April 2004 | 1158 views | 0
eSignal, a division of Interactive Data Corporation (NYSE:IDC) and a leading provider of streaming, real-time financial market data, news, analytics and decision support tools to professional and individual traders, and Forex Capital Markets (FXCM), a Futures Commission Merchant specializing in foreign exchange transactions, today announced a new Forex trading feature that allows FXCM Forex traders to monitor market activity, identify trading opportunities and execute trades from a single, integrated platform.
eSignal with FXCM integrates eSignal's streaming market data, charting package and customizable formulas with FXCM's direct access execution abilities, thus eliminating the need to switch between applications to monitor and execute Forex transactions.
With eSignal and an FXCM account, eSignal users may now:
Execute Forex trades on FXCM's trading platform via a direct link from eSignal's market data and charting application
Send market orders directly to FXCM's trading platform
Obtain split-second trade executions from FXCM
Monitor open positions via a direct link from eSignal to FXCM's trading platform
eSignal with FXCM also introduces customers to Tahoe Charts(TM) for Forex, a low-priced, yet robust and easy-to-use charting package that provides indicators and drawing tools for trend analysis and assistance in making buy and sell decisions.
"Forex trading offers 24-hour trading, transparent pricing, and low transaction costs. As a result, the active trading community is embracing Forex trading in record numbers and looking for high-quality brokerage and analytic products," said Drew Niv, Chief Executive Officer, Forex Capital Markets. "Our relationship with eSignal gives FXCM subscribers a consistent means for not only back testing diversification strategies, but also for charting, analyzing and facilitating execution of timely Spot FX trades."
"We are excited to be teaming up with FXCM and providing to our customers an integrated Forex trading offering," stated Chuck Thompson, president of eSignal. "eSignal has specialized in providing Forex traders with real-time data and sophisticated technical analysis tools that help to facilitate quick, informed trading decisions. Integration of eSignal with FXCM's direct access tools allows traders to act on their decisions as those decisions are made."