May 15, 2012
Deutsche Börse offers news app for event-driven trading
Deutsche Börse has launched AlphaFlash Trader, a new application based on its AlphaFlash news service that is designed to help
smaller buy-side and retail investors act on important financial information
instantaneously.
The application lets traders use event driven trading
strategies by providing them with macroeconomic data such as US and
international treasury auction data, central bank interest
rate decisions, employment numbers, housing statistics, GDP figures, industrial
output, FX reserves and other factors.
Customers can then use drag and drop interfaces to set automatic
triggers, for example to buy or sell a given stock if a pre-configured event
occurs – such as a rise in interest rates or a decrease in GDP growth. Users can
select the economic indicators so that their orders will be executed
immediately after release.
“In the past, customers would have their own development resources and programmers and could connect to a data centre to
use AlphaFlash, which could be cost prohibitive for some market participants,” said
Clint Rhea, COO of Need to Know News, Deutsche Börse. “AlphaFlash Trader is
much less expensive and is easy to use, opening up the opportunity to trade on our data to a whole
new set of clients, putting them back in the game and allowing them to preconfigure a trade before an event comes out.”
Elliott Holley
+44 (0)20 7397 3820
elliott.holley@information-partners.com