Saxo Bank has launched new charts on SaxoTrader and SaxoWebTrader with enhanced functionalities.
The new charts offer improvements to users that include the ability to place orders using a drag and drop function, the ability to select a data range with one click and a faster update of prices. More reliable and annotation tools allow traders to identify trends in the market, Saxo says.
New functionality allows customers to link the chart module to the Watchlist module, enabling them to quickly switch instruments shown in the chart. The timescale, range and technical indicator settings remain unchanged so traders can scan the instruments available and select a trade set-up.
“Our research shows that more than 70% of FX traders use technical analysis to generate trade ideas. Therefore the charts we offer plays a crucial role in improving our clients’ trading activity. We have spent two years analysing client behaviour and developing the charts to ensure efficient and straightforward usability,” says Alan Plaugmann, head of trading experience and products at Saxo Bank.
The charts allow clients to work through the steps involved in scanning and analysing the markets before making decisions and executing them on the platform. They also offer improvements since clients can now click on the buy/sell buttons and then drag the order line to the desired level allowing them to graphically align the order with any technical indication they have identified as an opportunity.
The new charts will be rolled out to white label clients in November. They will run simultaneously on SaxoTrader with the old charts until December when the old charts will be discontinued.