CMC Markets Stockbroking has this week announced the launch of a range of new features on its online stockbroking platform which it says are aimed at assisting share traders to manage ongoing market volatility.
It said the new features, including linked orders and automatic tax and reporting tools, would be available at no extra cost for most CMC Markets Stockbroking clients.
Announcing the new features, CMC Markets Australia and New Zealand managing director Louis Cooper said volatility was becoming a permanent feature of the market, so traders were adapting to this changing dynamic and finding new ways to balance risk and reward.
He said that while traders couldn’t eliminate losses completely, with some planning they could reduce the impact on profitability.
CMC’s new linked orders allow traders to set up entry and exit strategies in one click by linking orders together online using the CMC Markets Stockbroking platform.
"Linking stop-loss orders to take-profit orders enables traders to determine their risk/reward target before placing the trade," Cooper said.
