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Fig. 1
Fig. 2
Fig. 3
Fig. 4
Fig. 5
If you are a proprietary trader, breaking news or chart patterns may be important to you. Either way, Alpha is designed to make sure you don’t miss significant events.
News
Alpha allows you to display one or more dedicated news windows which can be configured to display all news stories, stories for a specific stock or portfolio, or filtered for areas of specific interest (fig. 1). However, you may not always be looking at this screen, or you may not want to use up screen space with a dedicated news window. To make sure you don’t miss significant events, Alpha’s News flags will appear in heatmaps, on graphs or on the Level 2 screen to alert you to breaking news. Simply mouse over the flag to reveal the headline(s) and double-click to read the story (fig. 2). Alternatively, set real-time alarms to display breaking news for particular companies or for particular keywords such as “bid” or “downgrade”. As if that wasn’t enough, Alpha’s PDA service enables you to check the latest real-time news whilst out of the office.
Charting
Alpha Terminal includes a comprehensive charting suite enabling you to apply a variety of technical indicators to real-time and historical price charts (list of indicators). It’s multi-window format enable you to look at different chart set-ups simultaneously and you can change the setup on a particular chart with a single click of the mouse (fig. 3). It’s just as easy to draw lines and set alarms on emerging chart formations or support and resistance levels – to make sure you don’t miss important entry/exit points (fig. 4).
Best of breed Level 2
If you work mainly from the Level 2 order book, Alpha’s display shows you so much more (fig. 5):
- Intraday price chart so you can see the trend;
- Trade list showing deal type, time, size, price and value so you can see your trades go through;
- VWAP calculator so you don’t need to get your calculator out;
- News, Ex-dividend and Bid Situation flags to alert you to market-moving events;
- Volume histogram to show you levels of support and resistance in the order book. You can achieve the same by double-clicking on the order book which aggregates orders at the same price and adds a histogram indicating relative volume.
