TORONTO, June 3, 2013 /CNW/ - Questrade clients have embraced several
new option trading tools rolled out last month in the firm's Questrade IQ platforms. Foremost among the tools are 17 multi-leg option strategies, including
the most popular - vertical call spreads.
Edward Kholodenko, President and CEO of Questrade says: "This was the
most important upgrade to our suite of IQ platforms since we initially
launched the software one year ago. Our active clients have frequently
placed multi-leg strategies at the top of their wish list. When we
delivered, I'm pleased to say our clients quickly moved to add
multi-leg trading to their trading style."
The 17 pre-defined options strategies include collars, calendars,
straddles and strangles. Clients also can create their own custom
strategies. A complete list is available on the firm's website.
Since the release in late April, option trading has increased by about
20%, with options contracts surging by 35%. Trading volumes for stocks
have also increased during the past 30 days, as has the number of
unique traders, which saw a single-day record set in April.
"News reports are cautious about a market recovery," continues
Kholodenko. "But our clients are taking back control of their
Throughout the spring and summer, the firm is showcasing each option
strategy in a series of videos, blog posts, and strategy profiles in
its community, the Exchange. Already published are profiles of married puts and covered calls.
Questrade Inc. is a member firm of the Investment Industry Regulatory
Organization of Canada (IIROC) and the Canadian Investor Protection
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, and for the past two years, the company has ranked as
Canada's fastest growing online brokerage. For two years, Questrade
also earned the designation as one of Canada's Best Managed Companies.
SOURCE: Questrade Inc.
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