Saxo Bank adds new stock markets to Autochartist Trade Signals

Maria Nikolova

The bank said the Trade Signals offering now also covers the stocks in the Spanish stock Index Ibex 35. Traders can trade both the cash stock and the CFD on daily time intervals.

More than 11 months have passed since online multi-asset trading and investment specialist Saxo Bank announced its partnership with AutoChartist that saw the integration of Autochartist’s tools into SaxoTraderGO. The Trade Signals service has since been regularly enhanced and enriched.

Saxo has recently expanded the lineup of stock markets available to users of the Trade Signals service. The bank said the Trade Signals offering now also covers the stocks in the Spanish stock Index Ibex 35. Traders can trade both the cash stock and the CFD on daily time intervals.

Trade Signals are available on 55 FX crosses including Spot Gold and Silver, from daily down to 15 min time intervals.

The lineup includes 250 stocks and Stock CFDs (daily) such as:

  • US (100)
  • Germany
  • UK
  • France
  • Denmark
  • Switzerland
  • Spain
  • Holland

Major US and European Index CFDs (from daily down to 15 min time intervals), such as:

  • US 500
  • US 30
  • US Tech 100
  • Germany 30
  • France 40
  • Netherlands 25
  • EU Stocks 50
  • Ibex35
  • Belgium 20
  • Portugal 20
  • Swiss 20

Another example of enhancements to the Trade Signals service was unveiled back in July this year, when Saxo Bank added FX expected trading ranges in Trade Signals in SaxoTraderGO. The Expected Trading Range is an analysis of the volatility of the instrument, providing a view of the expected price range movement for a given weekday and time of day based on average instrument price ranges over the past six months. Knowing when an instrument is likely to be volatile or might consolidate due to lack of participation can provide Saxo Bank partners and their clients an insight into the psychology and flow of the market.

The latest enhancements of the Trade Signals service underline the goals that Saxo and Autochartist had set when they announced the launch of the service early this year. Back then, Ilan Azbel, CEO, Autochartist said:

“Saxo’s collaboration with Autochartist is an example of how a forward thinking broker uses technical analysis to provide simple, meaningful and actionable content to its clients.”

Read this next

Retail FX

eToro is latest platform to suspend Terra’s LUNA, Binance resumes trading

Israeli social trading network eToro has become the latest platform to suspend trading on the Terra (LUNA) cryptocurrency in light of a market-wide downturn.

Industry News

UK court allows ThinkMarkets’ “obscure” B-book claims against IS Prime

“The Judge added that “Think did need to address the concerns expressed” as its counterclaim “suffers from a lack of detail, obscurity and potential inconsistency”.

Retail FX

Brazilian Broker XP launches crypto trading to 3.5M users

XP Inc (XP.O) is set to launch a crypto trading platform, dubbed ‘XTAGE’, as Brazil’s largest broker is looking to tap into the growing interest in trading bitcoin and other digital assets.

Retail FX

easyMarkets adds MT5 as demand for platform continues to grow

easyMarkets has joined a growing group of brokers in switching over to MetaTrader 5 (MT5), becoming the latest retail platform to incorporate the platform into its live trading infrastructure.

Institutional FX

SGX’s FX volume shines in a largely lackluster April

The Singapore Exchange (SGX) notched a healthy gain in its FX and indices volumes, despite seeing a wavering performance across commodity and securities segments.

Industry News

Devexperts webinar: Attracting retail traders with fractional trading

Following the successful webinar on introducing crypto to retail investors, Devexperts is returning to host a new one about fractional trading. 

Digital Assets

Relai to launch bitcoin debit card to unlock BTC via every purchase

To attract more retail investors to the crowdfunding project, Relai has promised 0% fees on transactions on the Relai app for those who invest €5,000 or more.

Digital Assets

Amid crypto meltdown, Tether reduces corporate debts in USDT reserves

Tether, which is closely affiliated with crypto exchange Bitfinex, has drastically reduced its holdings of commercial debt in its reserves over the last six months. Instead, the stablecoin issuer allocated most of its non-fiat reserves to Treasury bills, almost doubling assets in short-term government securities.

Industry News

TrustPay launches SEPA instant payments

” Our clients will now be able to make instant transactions with the immediate settlement of funds, which makes business more effective in today’s fast world.”