TradeStation adds multi-selection on positions in mobile app

Maria Nikolova

The new feature allows traders to close option spreads directly from the positions view.

Online trading services provider TradeStation continues to enhance its mobile applications. This weekend, the company released the latest version (4.1) of its TradeStation Mobile application for iOS devices.

Among the improvements, let’s note the addition of multi-selection on positions. This will allow users to close option spreads directly from the positions view.

The latest update is released less than a fortnight after the rollout of version 4.0 of the application, which was also focused on enhancing the traders’ positions management experience. That version groups Options and Futures with the underlying/root symbols. In addition, Open P/L is streaming, and the traders’ total profits are summed to show how their overall portfolio is doing.

Let’s not forget that account funding is also available on mobile. Traders can easily link bank accounts and initiate deposits/withdrawals directly from the app.

The regular updates that TradeStation makes to its mobile applications can be easily explained by the type of clientele the broker is targeting. In a recent FinanceFeeds’ interview, John Bartleman, President of TradeStation, said that in order to expand to a retail audience, web was important. That is why the broker added Matrix, trading news and its Trader Concierge to actively push data to customers.

“To further engage traders who are on the move and not working in a professional trading environment, we also have developed Siri integrations, and other voice activated solutions as part of the modernization of the TradeStation platform,” said Mr. Bartleman.

Indeed, version 3.11 the TradeStation Mobile app for iOS devices of the solution got closer to Siri, Apple’s intelligent personal assistant. Siri usually takes care of trivial tasks when iPhone users ask her for assistance with calling or texting. TradeStation Mobile has given traders the ability to get more information about their performance from Siri. For instance, a trader can ask Siri questions like: “Hey Siri, what are my TradeStation Balances?”.

Talking of new solutions, let’s mention the “SandBot” which is on the list of projects on which TradeStation Sandbox, a fintech accelerator and think-tank program, is working. This is an AI-based chatbot that helps traders find new trading opportunities while keeping them connected to the markets. It allows traders to get the price of a stock, ETF, or futures contract by entering a few key strokes. In addition, SandBot is able to investigate an idea that interests a given trader. The bot produces suggestions and traders get to decide which combination of symbols responds best to their goals.

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