Execution management system (EMS) provider Townsend Analytics has teamed up with Trade Ideas, a real-time trade pattern and risk management analytics firm, to give customers access to the Trade-Ideas analytics tool via its RealTick EMS.
RealTick users will be able to access Trade-Ideas trade pattern recognition tool, called Idea Generation Technology, through the favourites/web browser menu of the EMS. They can either choose pre-configured strategies and chart patterns or design their own and see stocks that match those patterns in real-time.
Traders will be alerted to stocks that match the pattern criteria in an alert window and will also have access to Trade-Ideas’ end-of-day stock scan reports and articles via the firm’s blog. These feature strategies modelled on information from a wide variety of market pundits and analysts
“We believe adding Trade-Ideas’ Idea Generation Technology will make RealTick clients into better, data-driven decision makers,” said David Aferiat, managing partner, business development at Trade Ideas.
Both companies have agreed to allow RealTick users a free trial of Trade-Ideas during July. After the trial, RealTick users can access Trade-Ideas for $49 per month, a 25% discount from the regular price.