Boston based eFX LLC has launched the next generation of its eFXplus subscription service encompassing an expanded version of the tool which is monitoring for trading ideas from a number of investment banks.
Looking at the additions, the company has expanded on the basic functionality of the first generation of the cloud based software and added various tools for traders. A number of tools is expanding on the offering with the sell side research of several major financial institutions becoming accessible to retail traders.
eFXplus 2.0 builds up on the metrics which were already provided to subscribers as part of the first version of the package. A number of algorithms which the team has designed in-house are monitoring the positions and strategies of major financial institutions.
Just like in the previous version, clients can set up real time alerts to their email accounts, however clients are getting more customization options. Customers of eFXplus can now choose what type of notification they want to receive whenever a new forecast or insight is published by one of the providers, which the tools track.
Looking at major banks, the second generation of the software is monitoring sell-side market analysis from 26 institutions.
Commenting on the launch of the new tool, the Managing Director of eFX LLC, Mark Melhorn, stated: “With eFXplus 2.0, we are expanding our product line by adding more powerful analytical tools to a full-spectrum platform for sophisticated FX traders.”