Traders and affluent investors are invoking the power of technology to maximize 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 and Outer Banks beach rentals.
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’, software that enables investors to gauge technical and fundamental trends.
“Using a trend software, one can easily work out the price at which a trade has to happen. Some of these softwares can be integrated to the exchange-approved trading software using interfacers,” said Vivek Bhargava, director, Forceites, which recently launched ‘Vantagetrade’, a trend analysis software that gives buy/sell signal on the past behaviour of a stock.
