Buying and selling CFDs on the webIRESS trading software
By: Ic Markets
Submitted: 2010-06-20 05:45:32 | Word Count: 1003
webIRESS can be described as a financial information and dealing system that provides end users with dynamic, real-time market data and dealing functionality for CFDs, forex and equities. webIRESS combines the advanced features of its big brother the IRESS information solution with the added benefit of platform, sophisticated order types and multi product portfolio management.
Who uses webIRESS?
webIRESS is specifically popular among professional traders and investors and small broking companies who:
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desire a dependable low maintenance buying and selling platform
want precise and timely market data and information
want real time high speed execution
want superior charting and order varieties
What functionality does webIRESS offer?
webIRESS is based around the same technological backbone as the IRESS platform really the only difference being that other than being a downloadable application webIRESS is java based and can be accessed using an Internet browser. webIRESS can be accessed by a login portal on your brokers web site. Most stockbrokers also offer a webIRESS demo for potential customers to use the platform and test its performance.
The primary features of the webIRESS platform are:
Browser based CFD and equity information
Direct market access (DMA) and order management functionality
Sophisticated order types including stop loss and trailing stop orders
Comprehensive news and market data, as well as comprehensive security information
Sophisticated market monitoring tools including a market map
Comprehensive market analysis and charting
News and trade sensitive alerts
Excel plug-in for data extraction
The quote and watchlist functionality within webIRESS shows real-time dynamic quotes for CFDs, shares and indices. Users can make and maintain their own custom watchlists or use existing watchlists built into the webIRESS software software. Real time market prices can be monitored using the quote ticker, which displays live trade prices for shares within a watchlist or for each of the shares on an exchange.
What exchanges am i able to trade Direct Market Access (DMA) CFDs on?
webIRESS allows you to trade Direct Market Access (DMA) CFDs on 17 different stock exchanges. You're able to trade on real time data using the advanced order types available in webIRESS in combination with the orders supported by the 17 exchanges on which direct market access (DMA) CFDs are offered.
The exchanges on which you can trade Direct Market Access (DMA) CFDs are:
ASX: Australian Stock Exchange
NZSX: New Zealand Stock Exchange
LSE: London Stock Exchange
SES: Singapore Stock Exchange
KLSE: Malaysian Stock Exchange
TSE: Tokyo Stock Exchange
HKSE: Hong Kong Stock Exchange
TWSE: Taiwan Stock Exchange
KSE: Korean Stock Exchange
OSE: Osaka Stock Exchange
OJ: Osaka Hercules
NYSE: New York Stock Exchange
NASDAQ: Nasdaq
DAX: Deutshe Borse
SIX: Swiss Exchange
Borsa Italiana
Euronext Paris
webIRESS provides you with market depth, a list of all current bids and offers and the last 20 trades for the current day for all of the exchanges listed above. Course of sales data is available for the last 60 days and the current day.
What market news is available on the webIRESS dealing platform?
Information is offered from a wide range of news vendors who provide thorough company information as well as worldwide market wraps and economic announcements.
News from the following vendors are available to users within the webIRESS webIRESS trading platform:
ASX Signal G Company News: company announcements made to the ASX transcribed into text format
Reuters News
AAP News: domestic financial, economic and other news
Dow Jones Australia/New Zealand news
Dow Jones International news
Ralph Wragg
What Stock and Market Information can webIRESS offer?
Share information such as company financial data, dividend and capital adjustment histories and business profiles are provided on the webIRESS platform to ensure all webIRESS users have the most recent and up to date information to aid in their decision making.
The Market Activity and Market Map features within webIRESS provide users with the ability to obtain a quick market and sector summary with the touch of a button. The Market Activity lists all of the top movers in the total market and the major market segments. The Market Map is a visual illustration of the market performance of the securities in an industry group, for the current day.
Indices and economic indicators accessible within the webIRESS CFDs platform include:
major international interest rates
major international indices
foreign exchange rates
commodities prices
Using webIRESS to trade CFDs
CFD platform functionality using webIRESS is usually enabled by your broker, but only if they have an IRESS order routing system (IOS) which is configured to allow direct market access (DMA) CFD webIRESS trading .
Charts on webIRESS
webIRESS includes a variety of chart indicators and trend lines for straightforward analysis of price charts. webIRESS can access over 20 years of historical price data allowing you to run comprehensive back testing.
Am I able to customize my webIRESS layout?
Traders can configure the webIRESS workspace layout to suit their own preferences. They can also create customized keys for frequently recurring tasks and save all personal settings for future use.
WebIRESS Excel Interface
The webIRESS excel interface allows the creation of live price links between webIRESS and Excel, or the direct extraction of past records into an Excel spreadsheet.
How do I begin trading CFDs on webIRESS?
There are many brokers that offer the webIRESS buying and selling platform however before getting started on the webIRESS platform you might want to download a webIRESS demo and read my guide to CFD using the.
Author Resource:-
John Masterton is a professional CFD trader trading with Australia's largest and most popular CFD broker, IC Markets. Ben has published a number of articles on CFD trading including guides and ebooks which you can download for free.
