Questrade enhances work with options chains in IQ Edge platform

Maria Nikolova

The newest release of the platform allows traders to gauge the probability of a specific option chain expiring In the Money (ITM) or Out of the Money (OTM).

Canadian securities brokerage Questrade has enhanced the work with options chains in the latest release of the IQ Edge platform.

The update (version 5.5) provides traders with access to a new set of columns in the options chain screen. Traders can now add probability columns that inform them of the probability of a specific option chain expiring In the Money (ITM) or Out of the Money (OTM). This, of course, markedly facilitates the review of any options chain.

Another new feature that has been introduced in the latest release of the platform concerns orders. Customers have informed the broker that sometimes they want to place an order without worrying about calculating the number of shares they can afford. With the new order feature, traders can define orders by quantity, or by the dollar value they are willing to spend.

Dollar value orders will be enabled for market and limit orders with equities, and for limit orders with options.

The list of new features also includes an Asset allocation graph, which enables traders to see how their portfolio assets break down. Traders can choose to see their asset allocation by asset class, sector, industry, or currency.

The latest enhancements to IQ Edge are in tune with those introduced to the platform earlier this year.

The key aim of that IQ Edge update was to boost margin visibility and to offer more in-depth research tools to assist traders in making informed trading decisions. Back then, users of the platform got the ability to see the maximum amount they can borrow on margin for each individual security as well as long and short margin rates. A strategy grouping view was added to the platform, so that traders could observe open derivatives and equities positions by strategy.

Going back to the latest update to IQ Edge, the comments on Questrade’s community forum suggest that traders are overall pleased with the new features. Some Mac users, unfortunately, have reported problems when upgrading to the latest version of the platform.

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