eFXnews Launches Second Generation of its eFXplus Subscription

Boston based eFX LLC has launched the next generation of its eFXplus subscription service encompassing an expanded version of the tool which is monitoring for trading ideas from a number of investment banks.

Looking at the additions, the company has expanded on the basic functionality of the first generation of the Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term based software and added various tools for traders. A number of tools is expanding on the offering with the sell side research of several major financial institutions becoming accessible to retail traders.

eFXplus 2.0 builds up on the metrics which were already provided to subscribers as part of the first version of the package. A number of algorithms which the team has designed in-house are monitoring the positions and strategies of major financial institutions.

Just like in the previous version, clients can set up real time alerts to their email accounts, however clients are getting more customization options. Customers of eFXplus can now choose what type of notification they want to receive whenever a new forecast or insight is published by one of the providers, which the tools track.

Looking at major banks, the second generation of the software is monitoring Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term market analysis from 26 institutions.

Commenting on the launch of the new tool, the Managing Director of eFX LLC, Mark Melhorn, stated: “With eFXplus 2.0, we are expanding our product line by adding more powerful analytical tools to a full-spectrum platform for sophisticated FX traders.”