CMC Markets has announced that they have initiated the most extensive platform update in their history. Key among the enhancements is the design, which CMC Markets describes as being more premium and professional looking. This is represented with more user flexibility which includes the ability to place windows according to the trader’s customization as well as decreased row height for more screen real estate.
Among features, CMC Markets launched an upgraded ‘Client Sentiment’ tool for all of its trading products. The client sentiment feature allows traders to see an aggregated view of CMC client holdings. The feature is similar to other offerings that are widely available on leading forex portals. However, to add a ‘smart money’ approach, the product features both ‘total’ and ‘top’ client sentiment. The top client sentiment is comprised of only accounts that that have an overall profit in the last three months. Explaining the client sentiment product and where the demand for it came from, Craig Inglis, Co-Head of Product Development said “For years we had been providing our top tier client base with this information via a daily e-mail across all asset classes for popular products. A natural evolution of this service (considering CMC’s stance to becoming the premium level users preferred platform) is to build this functionality within the full client experience. Client sentiment not a new concept but filtering between ‘All’ and ‘Top’ clients can give rise to a unique experience of trader psychology and has already become of our most popular trading tools, ever. As we are a cross asset provider with over 5000 products, this tools does give rise to greater exploration of additional opportunities – Gold, Crude, EUR/USD, US30, Apple, Google or any international equity we provide – our clients are taking a deeper dive into the markets than ever before”
What’s Holding Back Blockchain Adoption? The Answer is Simple - ConnectivityGo to article >>
Other enhancements include an increase of the number of news stories, additional workspaces and layouts, multi-chart view for the iPad, and an order entry window that is accessible when a chart is opened to full screen view.
Of existing features, the platform contains a ‘Pattern Recognition’ tool. Users can create settings for the platform to provide alerts when specific chart patterns are materializing. Also provided is a backtesting solution to analyze historical results of the chart patterns. With alerts and backtesting already in place, we asked Inglis of whether there were plans for the rollout of autotrading features in the future, which he responded “We have plans to provide a relatively unique experience regarding our Pattern Recognition tool (plus a few others) in the near future which should allow a more effective trader experience – can’t say much more than that but full auto is not our intention especially considering that area is well catered for and doesn’t appeal to our top tier client base.”