Tel Aviv, London, New York - Tradeo has announced the launch of the first social trading network to offer real time tracking of peer trades and sentiment. Offering data feeds and analytics, Tradeo aims to open up the collective knowledge of the FX trading community to the individual, and allow traders to make decisions based on insight from across the Tradeo community.
Commenting on the launch, Chief Executive Officer Jonathan Adest said, "Tradeo is the place where traders meet. We have launched the platform in response to a clear appetite from the financial community to use 'new media' communications channels to help make decisions. Tradeo is for traders frustrated by limited access to quality and real time market data. Designed with the trader in mind, the 'Cloud Sync' functionality for example, differentiates Tradeo from other web forums."
Tradeo's suite of trading tools includes market analytics, pricing and charting information, quotes, financial calendars, news and the ability to monitor trends and set limits.
Alex Behar, Chief Technology Officer said, "Tradeo has been designed with the trader firmly in mind. Our FX social trading platform has been in BETA testing since June 2011 and we have developed the platform in line with what the traders have told us they need. We have a pipeline of further development and investment to create ever more powerful tools and functionality, and look forward to signing up more traders and brokerage partner firms in due course."
Adest adds, "In launching Tradeo we saw a clear demand for better data and negotiating power with the brokers from the FX trading community. We believe that the social trading data feeds, analytics and trading tools will also benefit traders of other asset classes, because shared trading information helps make trading decisions. We very much look forward to expanding our offering as we roll out the platform."