webIRESS can be described as 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 additional benefit of CFDs , sophisticated order types and multi product portfolio management.
Who uses webIRESS?
webIRESS is specifically popular among professional traders and investors and small broking companies who:
• desire a dependable low maintenance trading platform
• want precise and timely market data and news
• want real time high speed execution
• want sophisticated charting and order types
What features does webIRESS offer?
webIRESS is based on the same technological backbone as the IRESS platform really 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 website. Most brokers also provide a webIRESS demo for potential clients to use the software and trial it’s functionality.
The key features of the webIRESS software are:
• Browser based CFD and equity information
• Direct market access (DMA) and order management functionality
• Advanced order varieties including stop loss and trailing stop orders
• Comprehensive news and market data, as well as detailed share 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 within webIRESS shows real-time dynamic quotes for CFDs, shares and indices. Users can make and save their own custom watchlists or use existing watchlists built into the webIRESS using the software. Real time market prices can even be monitored using the quote ticker, which displays live trade prices for shares inside a watchlist or for every one of the shares on an exchange.
What exchanges am i able to trade Direct Market Access (DMA) CFDs on?
webIRESS enables you to trade Direct Market Access (DMA) CFDs on 17 different stock exchanges. You're able to trade on real time data using the advanced order types available in webIRESS along with 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 accessible on the webIRESS trading platform?
Information is offered from a wide range of news distributors who provide detailed company information in addition to worldwide market wraps and economic announcements.
News from the following vendors are available to users inside the webIRESS CFDs 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 offer?
Security information such as company financial data, dividend and capital adjustment histories and business profiles are provided on the webIRESS platform to make sure all webIRESS users have the latest and up to date information to aid in their decision making.
The Market Activity and Market Map functions within webIRESS offer users with the ability to obtain a quick market and sector summary with the touch of a button. The Market Activity lists all top movers in the entire market and the major market segments. The Market Map is a visual representation of the market performance of the securities in an industry group, for the current day.
Indices and economic indicators available inside the webIRESS webIRESS trading software include:
• major international interest rates
• major global indices
• foreign exchange rates
• commodities prices
Using webIRESS to trade Contracts for difference
Contract for difference software functionality through webIRESS is usually enabled by your broker, but only if they have an IRESS order routing system (IOS) that is configured to allow direct market access (DMA) CFD on the.
Charts on webIRESS
webIRESS includes a variety of chart indicators and trend lines for easy analysis of price charts. webIRESS can access over 20 years of historical price data allowing you to run thorough 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 custom keys for frequently recurring tasks and save all personal settings for future use.
WebIRESS Excel Interface
The webIRESS excel interface makes it possible for the creation of live price links between webIRESS and Excel, or the direct extraction of past data into an Excel spreadsheet.
How do I begin using the CFDs on webIRESS?
There are numerous brokers that offer the webIRESS buying and selling platform however before getting started on the webIRESS platform you need to download a webIRESS demo and read my guide to CFD trading.
Author Resource:
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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