Dealing In CFDs On The WebIRESS Trading Platform

Published June 21st, 2010

WebIRESS can be described as a financial information and dealing platform that provides users with dynamic, real-time market data and dealing functionality for CFDs, forex and equities. webIRESS combines the advanced features of its big brother the IRESS information solution with the additional advantage of webIRESS trading , advanced order types and multi product portfolio management.

Who uses webIRESS?
webIRESS is particularly common among professional traders and investors and small broking firms who:
• need a dependable low maintenance using the system
• 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 instead of 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 web site. Most brokers also provide a webIRESS demo for potential clients to use the platform and test it’s performance.

The main features of the webIRESS platform are:
• Browser based CFD and share information
• Direct market access (DMA) and order management functionality
• Sophisticated order types including stop loss and trailing stop orders
• Comprehensive news and market data, as well as detailed 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 within webIRESS displays real-time dynamic quotes for Contracts for difference, shares and indices. End users can produce and maintain their custom watchlists or use existing watchlists built into the webIRESS trading platform. Real time market prices can be monitored using the quote ticker, which shows live trade prices for stocks inside a watchlist or for all of the stocks on an exchange.

What exchanges am I able to trade Direct Market Access (DMA) CFDs on?
webIRESS allows you to trade Direct Market Access (DMA) CFDs on 17 different equity exchanges. You’ll be able to trade on real time data using the sophisticated order types available in webIRESS as well as 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 gives you 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?
News is obtainable from a variety of news vendors who supply comprehensive company information as well as international market wraps and economic announcements.

Information from the following vendors are available to users inside the webIRESS on 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?
Stock details including company financial data, dividend and capital adjustment histories and business profiles are provided on the webIRESS platform to ensure all webIRESS users have the latest and up to date information to aid in their decision making.

The Market Activity and Market Map features 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 whole market and the major market segments. The Market Map is a visual illustration of the market performance of the securities in an industry group, for the current day.

Indices and economic indicators available within the webIRESS software software include:
• major international interest rates
• major global indices
• foreign exchange rates
• commodities prices

Using webIRESS to trade CFDs
Contract for difference software functionality through webIRESS can be enabled by your broker, but only if they’ve got an IRESS order routing system (IOS) that has been configured to permit direct market access (DMA) CFD on the.

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 thorough back testing.

Can I customize my webIRESS layout?
Traders can configure the webIRESS workspace layout to suit their own preferences. They are also able to create custom keys for frequently repeated tasks and save all individual settings for future use.

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

How can I get started dealing in Contracts for difference on the webIRESS trading software?
There are numerous stockbrokers that offer the webIRESS trading platform however before getting started on the webIRESS platform you might want to download a webIRESS demo and read our guide to CFD success using the webIRESS trading platform.

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