Traders and affluent investors are invoking the power of technology to maximise their returns in the stock market. Trading software providers have made a killing from the stupendous rise in stock prices in the past few months by launching newer strategy tool to simplify stock trading.
Going by dealer estimates, there could be more than a 100 software providers (including individual programme writers) who provide ‘easy solutions’ to technical and fundamental trend analysis. “The business has picked up over the past few months.
We’ve already sold a good number of our integrated trading software package to traders and investors ,” said Himanshu Patil, president , Proseon Technologies. Proseon sells ‘Investar’ , a software that enables investors to gauge technical and fundamental trends.
While traditional stock market technology providers like Metastock , Metatrader, Falcon, Recognia, Iris and Wealthlab have graduated to intelligent algorithmic trading models (that are used by big brokerages and institutional investors ), the analysis and trend prediction space has been taken over by smaller companies .
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