TradeStation Securities, the US broker-dealer arm of Japanese financial services giant Monex Group, has completed API integration with TradingView, one of the world’s largest traders communities covering the equity and forex markets.
TradingView has undergone its newly expanded collaboration with TradeStation, creating a new connection with the broker’s API. Now all traders can log into their TradeStation accounts and trade through the TradingView platform.
The development came a few months after TradingView’s partnership with Saxo Bank Securities, the Japanese division of retail broker Saxo Bank, that yielded similar benefits for users in the form of an integrated trading terminal and other suites of tools. The deal is yet another marquee expansion for TradingView in 2019, as it continues to increase the number of supported brokers on its platform.
While some integrations with TradingView influence only the charting tools, today’s development marks a more substantiated partnership with TradeStation. It includes the integration of TradeStation into the TradingView platform as a supported broker in the trading panel, enabling all users to trade through charts without leaving the site.
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TradingView users who are also TradeStation brokerage customers can receive customized alerts on breaking news, connect with other users, write down thoughts, and scout the most active stocks of the day.
TradeStation expands to crypto space
TradingView is a data-driven investor community, which offers a comprehensive charting tool. The company’s approach differs from other social trading networks because it is chart-based with an emphasis on visuals to support investing and provide communal space to view and share trading ideas.
TradingView also has a web-store where users can purchase access to third-party tools. The company’s solution had already been rising in popularity in recent years as it has successfully marketed itself as a provider of smooth HTML5 charts that encompass a diverse set of asset classes – it’s also one of the largest social networks for traders presently.
The new collaboration also comes as the US subsidiary of Japanese financial services giant Monex Group plans to launch its cryptocurrency services later this year.
For the new offshoot, TradeStation leverages its brokerage industry expertise to address what it perceives to be “key concerns and certain weaknesses in the current cryptocurrency ecosystem,” it said.