Traders Aim to 'Sqore' Wins under News & Analysis Service Launched by Swissquote

Swissquote is the latest financial services provider of currencies and CFDs to launch a dedicated information service. The new solution,

Swiss banking institute, Swissquote, has launched a news and information service that supports the growth and development of retail and professional traders. The multi-asset provider of forex and CFDs has joined key industry players who promote financial literacy through dedicated news and information services. Swissquote has launched Sqore, a trade ideas service for the retail trading community.

The new service provides a range of data that gives traders useful trade ideas. Furthermore, it gives access to automated quantitative models which cover techniques such as, pairs Trading (G10 & EM currencies), advanced Interest rate differential, technical Analysis w/ AI overlay and commodities & Index breakout.

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On its website, the firm states: “The idea behind Swissquote SQORE is to provide direction, practical and institutional-quality trade ideas to retail traders.”

Swissquote joins rivals such as FXCM and Saxo Bank. Several providers have added trading tools to accompany their core execution service to give traders a more rounded product that helps them in their decision making process.

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Ryan Nettles, Director, Head of FX at Swissquote, commented to Forex Magnates: “We have developed and launched multiple quantitative automative trading models so traders can create portfolios, track performance and follow the trade ideas.  The trading models provide ideas across Forex, Commodities and Stock Indices.”

Sqore will sit on top of Swissquote’s existing news and analysis coverage. The firm has a number of analysts who provide up-to-date analysis, including, Peter Rosenstreich – Chief FX Analyst, Mazen Salhab – Middle East FX Analyst, Luc Luyet – Senior Market Analyst and Ipek Ozkardeskaya – Market Analyst. Swissquote issues analysis on a daily basis covering both the technical and fundamental aspects that impact the market.

The FX markets have seen a surge in participation of retail investors over the last decade, the wider use and accessibility of the internet has been a key driver of the growth in this sector, particularly in emerging markets where private investors are perceived to have lower financial literacy and knowledge of mainstream financial services products than those in the developed world.

Mr. Nettles adds: “We plan to launch later the ability to autocopy the trade ideas directly on your Swissquote account. We are very excited about this new portal and feel it will be very popular as we don’t see anyone that offers this in the market.”

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