(MENAFN- The Peninsula) Saxo Bank, the online multi-asset trading and investment specialist, has launched new charts on SaxoTrader and SaxoWebTrader with enhanced functionalities.
The new charts offer significant improvements to users that include the ability to place orders using the drag and drop function, the ability to select the resolution, data range with one click and a faster update of current prices.
More reliable and easy to use annotation tools allow traders to identify trends in the market with ease and the new functionality works on both PC desktops and MAC computers. New functionality allows customers to link the chart module to the Watchlist module, enabling them to quickly switch instruments shown in the chart. The timescale, range and technical indicator settings remain unchanged, so traders can scan the instruments available and select a trade set-up.
Alan Plaugmann, Head of Trading Experience & Products at Saxo Bank, said: "Our research shows that more than 70 percent of FX traders use technical analysis to generate trade ideas. Therefore the chart we offer plays a crucial role in improving our clients trading activity."
The new chart offers vast improvements since clients can now simply click on the buy/sell buttons and then drag the order line to the desired level allowing them to graphically align the order with any technical indication they have identified as an opportunity. "We plan at least two more upgrades in the coming six months to add further enhancements to the new chart."
The new charts will be rolled out to white label clients in November 2012. The new charts will run simultaneously in the SaxoTrader with the old chart until December, 2012 when the old chart will be discontinued.
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