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Scottrader Streaming Quotes Gets Overhauled
Online broker Scottrade (Read our full review) has added some notable upgrades to Scottrader Streaming Quotes, their real-time trading tool originally launched in 2000. Scottrade takes their investor feedback seriously as they know how important accessible, timely, and relevant information is to them. Todd Slawson, Scottrade’s assistant director of Active Trading Services, stated, “We listened closely to what our customers wanted and are proud to deliver a system that offers more control and a better way to trade.” Thus many of the new upgrades and features are due to trader feedback. The main focus points of the revamped tool were instant quotes, charting, and news.
Investors can customize the Scottrader Streaming Quotes tool to work with their online trading style and the easy to use interface makes trading and due diligence streamlined. Intuitive navigation, tabbed browsing, more indicators, advanced searching, and their active ticker watch list monitoring are just a small portion of the new features. Scottrade’s CEO Rodger Riney said, “I use Scottrader Streaming Quotes every day.” It’s no surprise Mr. Riney is using the system, check out these snapshots below of the new Scottrader Streaming Quotes tool.
Find out more about their investing platform in our in-depth Scottrade broker review.
One Response
Scottrade’s new streaming/trading tool is very powerful and gives the common trader more insight into the markets. I agree with this article that the launching is a tad cumbersome.
What is important is perhaps a possible bug in the system or an ill thought out authentication scheme.
To the best of troubleshooting, and multiple calls to Scottrade tech support, I could only conclude that the Streaming application carries the original account it was launched from. More importantly, if you closed off the browser, but left the streamer running, you chance having the same trade executed in both accounts. This is what I experienced. Scottrade would never admit to it on the phone, but do keep this in mind as you enjoy this new tool.
To prevent this, be sure not only to log out and close your browser sessions, but also to completely shut down the streaming application before reopening both with the account credentials you intend to trade with. Otherwise, you may experience the same as I did and see the same trade executed against both accounts.
For those individuals with more than one account, say a roth and a daily trade account, this bouncing back and forth isn’t very doable. But beware the consequences.
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