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.

  • Read this next

    Digital Assets

    Kraken launches institutional arm

    “If you already work with Kraken, you know how much we care about offering high quality products and a client-first experience. We’ve been the leading crypto exchange for more than a decade and through Kraken Institutional, we’ll offer the same deep expertise and cutting-edge technology to propel trading excellence for institutions.”

    Fintech

    Centroid integrates with brokerage solutions provider GTN

    “We are thrilled to integrate GTN into Centroid Bridge, our multi-asset connectivity bridging engine. This integration allows our clients to gain access to the wide range of multi-asset products offered by GTN.”

    Podcasts, Women of the Industry

    FF Podcast delves into the rise of prop trading as Brokeree releases Prop Pulse

    In the latest FinanceFeeds Podcast, Tatiana Pilipenko discusses Prop Pulse, Brokeree Solutions’ platform for prop firms and retail brokers aiming to delve into prop trading. Offering a flat fee structure, Prop Pulse emerges as a scalable solution in an era where successful traders increasingly prefer prop firms over traditional retail brokers.

    Inside View

    Scalping or day trading?

    Among the many popular trading styles with both beginners and experienced traders are scalping, which allows you to extract small portions of profit from each price movement, and day trading, which aims to trade over a single day. In this article, you will learn what scalping and day trading are and their differences and peculiarities. Ultimately, you will learn what to look for to understand which trading style is right for you.

    Crypto Insider

    Unveiling Plasma Next: INTMAX’s Solution to Scale Ethereum with Stateless Layer

     INTMAX has launched Plasma Next on the mainnet α, a groundbreaking Layer 2 zkRollup, revealed by co-founder Leona Hioki at ETH Denver. This innovation offers scalability with constant costs per block, merging Plasma’s scalability goals with zkRollups’ security.

    Fintech

    Nuam selects Vermiculus for clearing system in Chile, Colombia, and Peru

    “We are proud to deliver a system that plays an integral role in the core of this historical merger, empowering one of Latin America’s most crucial markets with VeriClear’s state-of-the-art technology, together with our deep market expertise.”

    Retail FX

    Moomoo launches super app in Malaysia

    “As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.”

    Executive Moves

    FXPA elects Joe Hoffman as new Chair in its 10th anniversary

    “The opportunity to serve as Chair of the FXPA is truly an honor, and I am committed to upholding the exceptional work of a FXPA. Given the recent market fluctuations due to global tensions, inflationary pressures, shifts in monetary policy, as well as the outcome of the US election and the risk of recession, brings the potential for more FX volatility in 2024. I am dedicated to expanding the FXPA’s membership and I’m excited about collaborating with all members to echo the unified voice of the FX market.”

    Market News

    Eurozone Fights Stagnation Whilst Stock Indices Rally

    European stock markets are defying economic gloom as they continue to soar to all-time highs, showcasing resilience amidst broader economic challenges.

    <