Tradovate Integrates Order Flow Analytics into its Cloud-Based Platform

Tradovate, an online brokerage firm for active, self-directed futures traders, announced today that it has integrated data visualisation firm Order Flow Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term’ analytical and algorithmic trading tools into its Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based platform.

The move, which follows last October's launch of its first third-party integration in a partnership with Jigsaw Trading, enables thousands of current OFA clients to transform their experience with the products, providing new means of access, a higher quality data delivery and the potential for significant cost savings.

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Unlimited Commission-Free Trading

Under the agreement, Tradovate will extend to OFA clients its unlimited commission-free trading and cloud-based platform, which the firm delivers without the typical licensing fees usually associated with trading platforms.

Through Tradovate's cloud-based technology, OFA clients will for the first time be able to access the tools on Mac devices and via the web. Clients of Tradovate will also have seamless access to OFA's popular offerings, including pre-built algorithms for automated trade management and order flow tools.

OFA's tools analyse order flow and volume visualised in three-dimensional form to provide insight into real-time market sentiment. Rather than relying on snapshot views of price movement, the tools capture the more complex picture of today's unfiltered tick-by-tick rapid-fire volume, designed to help traders understand market moves, improve targeting for trade entry and exit, and increase their trade conviction.

Tradovate’s founder and CEO Rick Tomsic commented: "We view this partnership as an exciting opportunity for both companies to provide a truly value-added experience for our respective users and a compelling offering to attract new clients to both organisations. Now clients of OFA can also enjoy our commission-free trading, and they can access OFA's powerful Algo/X functionality, fully integrated within Tradovate, making management of these tools quick and easy for traders."

Simplified User Experience

Prior to the partnership with Tradovate, OFA users would download the program on computers that met specific requirements, and there could be latency issues depending on the type of computer and internet connectivity available for processing extensive data at the user's location. As Tradovate has built the OFA tool into its trading application, all data processing occurs at a central location, vastly simplifying the user experience.