IG enhances work with charts on web trading platform

Maria Nikolova

Traders get the opportunity to partially close positions via charts and to see a watermark with the market name in the background of the charts.

Electronic trading major IG Group Holdings plc (LON:IGG) has recently made some enhancements to its offering, including addition of new functionalities on charts.

  • Partially close positions via charts

This new feature is available on charts for both the web trading platform and on mobile. When ‘1-click dealing’ is not enabled, traders are able to confirm whether or not they want to close the whole position, or to partially close via a pop up dialogue box. To use this functionality, traders must click ‘close’ (1) on the chart, change the ‘Sell’ value (for example in the screenshot below they can change 4 to 2 to only close half the position), followed by ‘Submit’. The window will show the ‘Closing P&L’ as well as the ‘Margin Returned’.

Image credit: IG.
  • Market name watermarks for all charts

To add clarity and ease of use it is now possible to display the name of the market in the background of the charts. This feature is disabled by default but can be activated from the “customise appearance” menu which is brought up by right clicking on the chart, ticking the “show watermark” checkbox, and clicking ‘Apply’. Once activated every charts will start showing the market name. The watermark will also be displayed on the image produced using the “export chart” option.

This perk is supposed to be pretty useful for those who have several charts open at the same time, as well as for those who share their chart set ups online, with friends, and on IG Community.

Image credit: IG.

Let’s note that IG has been regularly bolstering the functionalities related to the charts on its new platform. For instance, in February this year, the broker introduced some enhancements to its new web trading platform, allowing better customization of charts and easier access to HLOC (High, Low, Open, Close) data.

The company has received a lot of suggestions to have the HLOC data display by default on the charts instead of having to right click and go to Show->HLOC Data. In response to the demand, IG has implemented this change. As a result, by opening a chart traders should now see the HLOC data display as a default. They can still hide this data by right clicking->Show->HLOC Data.

In April, the broker added a new “Go To” feature to its web platform charts. It allows users to search for a specific date (and time) on a chart in a few simple clicks. The charts will then automatically centre on the searched date/time requested by the user. And in May this year, IG improved this feature. Traders got the abillity to see where on the charts is the candle/point in time that they searched for. This information showing the date/time will stay on the screen a few seconds before fading away.

Read this next

Opinion

The FX Algo Wheel, is it wheels up and ready to take flight?

by David Catterick, Sales Director, BidFX Australia

Retail FX

eToro users now can trade underlying Italian stocks

Israeli social trading and multi-asset brokerage company eToro has expanded its service offering and trading products by incorporating new markets, namely Italian stocks listed at underlying exchanges.

Digital Assets

BlackRock bets on crypto bank Silvergate despite drastic fall

BlackRock, the world’s largest asset manager, has increased its stake in Silvergate Bank, a crypto-friendly lender that counts major crypto exchanges like Coinbase and Kraken as clients.

Opinion

A viewpoint from Anatoly Crachilov, CEO and Founding Partner at Nickel Digital, on SEC regulation of the digital asset sector

The SEC’s latest episode comes across as more of a PR performance rather than an act of investor protection.

Digital Assets

Tether denies receiving any loans from Celsius, the opposite is true

World’s largest stablecoin issuer, Tether dismissed reports suggesting that it received a $2 billion loan from the bankrupt cryptocurrency lender Celsius.

Institutional FX

Cboe FX volume makes strong rebound in January

Cboe’s institutional spot FX platform today announced its trading volume for the month ending January 2023, which marks a mild rebound after a steep fall in December.

Uncategorized

XS.com appoints Exness alumni Mohamad Ibrahim as CEO

XS.com, the multi-regulated financial services provider, has appointed Mohamad Ibrahim as the group’s newest chief executive officer (CEO).

Technology

B2Broker Integrates Match-Trader Solution to Expands Its White Label Liquidity Offering

A global provider of technology and liquidity for the FX and cryptocurrency markets, B2Broker recently announced the extension of its white label liquidity offering by merging with Match-Trader.

Digital Assets

UK launches open consultation to regulate crypto exchanges, custody, and lending

The government’s proposed measures have been informed by recent market events – including the failure of FTX – which reinforce the case for effective regulation and sector engagement.

<