Delivering enhancements for active traders pays off in record numbers for Questrade
TORONTO, June 9, 2014 /CNW/ - What do active traders want? According to Questrade's clients, they want bracket orders. Today, with the launch of version 3.0 of its proprietary trading platform, Questrade IQ, active traders get their bracket orders, along with a number of other enhancements including "trade now" icons connecting 3rd party research tools to IQ. To introduce the enhancements, Questrade created a video tour.
Edward Kholodenko, President and CEO of Questrade said: "For the past year, we've asked our active traders what they want to see next in the IQ trading platforms. The top request by a landslide was bracket orders. We are hyper-attentive to the trading community and it drives us to continually deliver, whether it's the lowest pricing in Canada or an aggressive schedule for platform improvements."
This degree of commitment to its clients has resonated with active traders, who are increasingly choosing Questrade for its combination of the industry's lowest commissions and active trader features.
According to Investor Economics' most recent online brokerage market share report, as of April, 2014, Questrade has moved up the ranks one more position and is now Canada's 4th largest brokerage by trading activity, sitting above two of the major bank brokerages. Questrade also continued to show growth well surpassing the industry average in other key areas, including share of new accounts and asset growth.
The key features in IQ 3.0:
Bracket orders: allow a trader to enter a position with two simultaneous exit points, one high and one low. The high exit price is called a limit order, and lets the trader lock in a profit. The low exit price, a stop loss order, lets the trader cap losses. Bracket orders are available for stock and single leg options. Questrade created a video for its clients on creating a bracket order.
Trade now: a "trade now" button, integrated throughout 3rd party research websites, creates a seamless trading experience, turning a research insight into an easily executable trade.
Morningstar news and equity and exchange-traded fund analyst research: Market Intelligence, powered by Morningstar Research Inc., was previously available as a stand-alone research site. With 3.0, the most popular features of Market Intelligence are integrated directly into the platform, including news, videos, and expert commentary from more than 100 Morningstar analysts globally.
Market movers: the new market movers window delivers an overview of the top ten gainers, losers, and most active Canadian and U.S. securities.
Continuing its commitment to traders, Questrade is asking its clients for ideas big and small as the firm plans for future enhancements.
Questrade Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms, as well as forex and CFD trading. Since 1999, the company has led the industry in delivering outstanding service, exclusive products and services, and competitive pricing. This commitment to innovation has appealed to independent investors. Since 2009, the company has ranked as Canada's fastest growing online brokerage. Since 2011, Questrade has been recognized as one of Canada's Best Managed Companies.
SOURCE Questrade Inc.
Video with caption: "Video: Questrade launches version 3.0 of its proprietary IQ trading platforms with a video tour of the top three enhancements: bracket orders, built-in market videos and analyst commentary, and top market movers.". Video available at: http://www.youtube.com/watch?v=c7vbDMQbZEU&feature=youtu.beFor further information: Lynn Suderman, Director, Communications, Tel: 416.705.5476