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Dealing In CFDs On The WebIRESS Trading Platform

Dealing In CFDs On The WebIRESS Trading Platform :

WebIRESS is a financial information and dealing platform that provides end users with dynamic, real-time market information and trading functionality for CFDs, forex and equities. webIRESS combines the sophisticated features of its big brother the IRESS information solution with the additional benefit of dealing in, sophisticated order types and multi product portfolio management.

Who uses webIRESS?
webIRESS is particularly popular among professional traders and investors and small broking companies who:
• desire a dependable low maintenance webIRESS trading system
• want precise and timely market data and information
• want real time high speed execution
• want superior charting and order types

What functionality does webIRESS offer?
webIRESS is based on the same technological backbone as the IRESS platform the only real difference being that rather than being a downloadable application webIRESS is java based and can be accessed using an Internet browser. webIRESS can be accessed by a login portal on your stockbrokers website. Most stockbrokers also offer a webIRESS demo for potential clients to use the software and trial it’s functionality.

The key features of the webIRESS software are:
• Browser based Contract for difference and equity information
• Direct market access (DMA) and order management capabilities
• Advanced order types including stop loss and trailing stop orders
• Comprehensive news and market data, as well as detailed security information
• Sophisticated market monitoring tools including a market map
• Comprehensive market analysis and charting
• News and trade sensitive alerts
• Excel plug-in for data extraction

The quote and watchlist functionality inside webIRESS displays real-time dynamic quotes for Contracts for difference, securities and indices. Users can create and save their custom watchlists or use existing watchlists built into the webIRESS trading software. Real time market prices can be monitored using the quote ticker, which shows live trade prices for stocks inside a watchlist or for each of the shares on an exchange.

What exchanges can I trade Direct Market Access (DMA) CFDs on?
webIRESS lets you trade Direct Market Access (DMA) CFDs on 17 different stock exchanges. It is possible to trade on real time data using the advanced order types available in webIRESS in addition to the orders supported by the 17 exchanges on which direct market access (DMA) CFDs are offered.

The exchanges on which you’ll be able to trade Direct Market Access (DMA) CFDs are:
• ASX: Australian Stock Exchange
• NZSX: New Zealand Stock Exchange
• LSE: London Stock Exchange
• SES: Singapore Stock Exchange
• KLSE: Malaysian Stock Exchange
• TSE: Tokyo Stock Exchange
• HKSE: Hong Kong Stock Exchange
• TWSE: Taiwan Stock Exchange
• KSE: Korean Stock Exchange
• OSE: Osaka Stock Exchange
• OJ: Osaka Hercules
• NYSE: New York Stock Exchange
• NASDAQ: Nasdaq
• DAX: Deutshe Borse
• SIX: Swiss Exchange
• Borsa Italiana
• Euronext Paris

webIRESS gives you you with market depth, a list of all current bids and offers and the last 20 trades for the current day for all of the exchanges listed above. Course of sales data is available for the last 60 days and the current day.

What market news is obtainable on the webIRESS trading platform?
News is offered from a variety of news vendors who provide comprehensive company information in combination with global market wraps and economic announcements.

News from the following vendors are available to users within the webIRESS software platform:
• ASX Signal G Company News: company announcements made to the ASX transcribed into text format
• Reuters News
• AAP News: domestic financial, economic and other news
• Dow Jones Australia/New Zealand news
• Dow Jones International news
• Ralph Wragg

What Security and Market Information can webIRESS offer?
Security information including company financial data, dividend and capital adjustment histories and business profiles are provided within the webIRESS platform to make sure all webIRESS users have the latest and up to date information to assist in their decision making.

The Market Activity and Market Map features within webIRESS offer users with the ability to obtain a quick market and sector summary with the touch of a button. The Market Activity lists all of the top movers in the total market and the main market segments. The Market Map is a visual representation of the market performance of the stocks in an industry group, for the current day.

Indices and economic indicators accessible within the webIRESS software software include:
• major international interest rates
• major international indices
• foreign exchange rates
• commodities prices

Using webIRESS to trade Contracts for difference
Contract for difference software functionality through webIRESS is generally enabled by your broker, but only if they have got an IRESS order routing system (IOS) that is configured to allow direct market access (DMA) CFD webIRESS trading .

Charts on webIRESS
webIRESS includes a range of chart indicators and trend lines for easy analysis of price charts. webIRESS can access over 20 years of historical price data allowing you to run comprehensive back testing.

Am I able to customize my webIRESS layout?
Traders can configure the webIRESS workspace layout to suit their very own preferences. They are also able to create custom keys for frequently repeated tasks and save all individual settings for future use.

WebIRESS Excel Interface
The webIRESS excel interface makes it possible for the creation of live price links between webIRESS and Excel, or the direct extraction of historical records into an Excel spreadsheet.

How do I begin dealing in Contracts for difference using the webIRESS trading software?
There are many brokers that offer the webIRESS trading platform however before getting started on the webIRESS platform you ought to download a webIRESS demo and read our guide to dealing in CFDs using the webIRESS trading software.

July 7, 2010 | In: Investment

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