TradeStation revamps position management experience for mobile app users

Maria Nikolova

Options and Futures are now grouped with the underlying/root symbols and Open P/L is streaming.

Online trading services provider TradeStation has just released the latest version of its mobile application for iOS devices with the enhancements aiming at offering revamped positions management experience to users of the solution.

Version 4.0 of TradeStation Mobile 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.

FinanceFeeds’ CEO Andrew Saks-McLeod recently spoke with John Bartleman, President of TradeStation, who discussed at length the latest developments at the company, including its efforts to expand its offering to a wider range of traders. In order to expand to a retail audience, web was important, he said. 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.

FinanceFeeds has reported on this update to the TradeStation Mobile app for iOS devices in February this year. Version 3.11 of the solution got closer to Siri, Apple’s intelligent personal assistant. She 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?”.

Let’s also note that the list of projects on which TradeStation Sandbox, a fintech accelerator and think-tank program, is working on includes the “SandBot”. 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 the trader gets to decide which combination of symbols best meets his/her goals.

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