New technology gives frequent traders an edge

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CMC Markets is keeping its clients on top of their game with upgrades to its platform – including a new client sentiment tool that provides visibility and valuable insights into other traders’ positions.

The new capability, exclusive to CMC Markets, is a purpose-built addition to its next generation CMC Tracker Platform that enables clients to see the percentage of CMC Markets’ clients from around the globe that are long or short on a particular product.

The new tool can sort sentiment of all CFD clients on a particular product, or just CMC Markets’ most profitable clients.
According to Chris Fulton, Head of CMC Markets Australia & New Zealand, the new sentiment tool provides its traders free of charge with the kind of market intelligence that is fundamental in supporting trading scenarios.

“The sentiment tool delivers information that gives our clients the advantage of having ‘eyes-and-ears’ into how other traders, both locally and globally, feel about the markets.

“Successful trading is all about superior information; this new capability is another way that we are delivering useful and timely data to our clients to help them make the best use of information in their trades.

“While some traders like to go with the market and others are contrarians, everyone likes to know how others are trading.  This new feature was custom-built for our traders after we received much client feedback about how we might improve our platform,” said Mr Fulton.

The new client sentiment tool is just one of several new tools CMC Markets has added to its CFD platform recently:
Pattern Recognition Scanner – this feature was built in response to the growing technical expertise of traders, who want access to extensive and detailed charting software. 100% integrated into the trading platform, the scanner gives investors more trading ideas by automatically scanning over 120 major instruments every five minutes, to find potential technical trade set-ups across all major asset types.

Trading Community – CMC Markets has successfully merged online social communities directly with trading the market through tools such as online Chart Message Boards and innovative use of social media via the CMC Markets Blog. The Message Boards allow traders to participate in online dialogue and discussions, post and exchange charts and interact with CMC’s Market analysts.

Mobile upgrades – CMC Markets continues to invest in mobile technology and many of the upgrades to the web-based platform are also reflected in CMC Markets’ purpose-built mobile platforms. More than 62% of CMC Markets’ clients have accessed CMC Tracker via a mobile app for iPhone, iPad or Android.

Mr Fulton concluded: “Our platform is constantly evolving to provide leading technology to our traders.  This is part of CMC Markets’ ongoing commitment to helping our clients’ trade with an edge.”

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