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Buying and selling CFDs on the webIRESS trading software

By: Ic Markets

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webIRESS is a financial information and dealing system that provides users with dynamic, real-time market data and trading functionality for CFDs, forex and equities. webIRESS combines the sophisticated features of its big brother the IRESS information solution with the added benefit of on the, advanced order types and multi product portfolio management.

Who uses webIRESS?
webIRESS is specifically prevalent amongst professional traders and investors and small broking companies who:
• want a reliable low maintenance using the platform
• want precise and timely market data and news
• want real time high speed execution
• want sophisticated charting and order types

What functionality does webIRESS offer?
webIRESS is based on the same technological backbone as the IRESS platform the only difference being that rather than being a downloadable application webIRESS is java based and can be accessed using an Internet browser. webIRESS can be accessed by a login portal on your stockbrokers internet site. Most brokers also offer a webIRESS demo for potential customers to use the platform and trial it’s performance.

The key features of the webIRESS platform are:
• Browser based Contract for difference and equity information
• Direct market access (DMA) and order management capabilities
• Sophisticated order varieties including stop loss and trailing stop orders
• Comprehensive news and market data, as well as thorough stock information
• Sophisticated market monitoring tools including a market map
• Comprehensive market analysis and charting
• News and trade sensitive alerts
• Excel plug-in for data extraction

The quote and watchlist functionality inside webIRESS displays real-time dynamic quotes for CFDs, shares and indices. Users can construct and save their custom watchlists or use existing watchlists built into the webIRESS CFDs platform. Real time market prices can even be monitored using the quote ticker, which shows live trade prices for securities inside a watchlist or for each of the shares on an exchange.

What exchanges am i able to trade Direct Market Access (DMA) CFDs on?
webIRESS permits you to trade Direct Market Access (DMA) CFDs on 17 different stock exchanges. You can trade on real time data using the advanced order types available in webIRESS in addition to the orders supported by the 17 exchanges on which direct market access (DMA) CFDs are offered.

The exchanges on which you can trade Direct Market Access (DMA) CFDs are:
• ASX: Australian Stock Exchange
• NZSX: New Zealand Stock Exchange
• LSE: London Stock Exchange
• SES: Singapore Stock Exchange
• KLSE: Malaysian Stock Exchange
• TSE: Tokyo Stock Exchange
• HKSE: Hong Kong Stock Exchange
• TWSE: Taiwan Stock Exchange
• KSE: Korean Stock Exchange
• OSE: Osaka Stock Exchange
• OJ: Osaka Hercules
• NYSE: New York Stock Exchange
• NASDAQ: Nasdaq
• DAX: Deutshe Borse
• SIX: Swiss Exchange
• Borsa Italiana
• Euronext Paris

webIRESS provides you with market depth, a list of all current bids and offers and the last 20 trades for the current day for all of the exchanges listed above. Course of sales data is available for the last 60 days and the current day.

What market news is obtainable on the webIRESS dealing platform?
Information is offered from a variety of news distributors who provide comprehensive company information in combination with worldwide market wraps and economic announcements.

News from the following vendors are available to users within the webIRESS using the platform:
• ASX Signal G Company News: company announcements made to the ASX transcribed into text format
• Reuters News
• AAP News: domestic financial, economic and other news
• Dow Jones Australia/New Zealand news
• Dow Jones International news
• Ralph Wragg

What Security and Market Information can webIRESS provide?
Security information such as company financial data, dividend and capital adjustment histories and business profiles are provided within the webIRESS platform to ensure all webIRESS users have the latest and up to date information to assist in their decision making.

The Market Activity and Market Map features within webIRESS provide users with the ability to obtain a quick market and sector overview with the touch of a button. The Market Activity lists all top movers in the entire market and the most important market segments. The Market Map is a visual depiction of the market performance of the securities in an industry group, for the current day.

Indices and economic indicators accessible inside the webIRESS platform software include:
• major international interest rates
• major international indices
• foreign exchange rates
• commodities prices

Using webIRESS to trade Contracts for difference
Contract for difference webIRESS trading functionality through webIRESS is generally enabled by your broker, but only if they have an IRESS order routing system (IOS) which is configured to allow direct market access (DMA) CFD platform.

Charts on webIRESS
webIRESS includes a variety of chart indicators and trend lines for simple analysis of price charts. webIRESS can access over 20 years of historical price data allowing you to run comprehensive back testing.

Can I tailor my webIRESS layout?
Traders can configure the webIRESS workspace layout to suit their very own preferences. They can also create customized keys for frequently repeated tasks and save all personal settings for future use.

WebIRESS Excel Interface
The webIRESS excel interface allows the creation of live price links between webIRESS and Excel, or the direct extraction of historical records into an Excel spreadsheet.

How do I begin using the CFDs on webIRESS?
There are many brokers that offer the webIRESS CFDs platform however before getting started on the webIRESS platform make sure you download a webIRESS demo and read my guide to CFD using the.

Article Source: http://depositarticles.com/

John Masterton is a professional CFD trader trading with Australia's largest and most popular CFD broker, IC Markets. Ben has published a number of articles on CFD trading including guides and ebooks which you can download for free.

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