BEST Direct ProTrader is Now Free, with More Asset Classes and Updated Premium Features

1  from  Automated Trader Magazine

July 1st, 2008: PFG BEST Direct ProTrader – with sophisticated automation and premium modules – is already a leading platform on the market for trading futures. Recently, it has been upgraded so it can now trade options and forex as well. For a limited time, PFGBEST.com is offering BEST Direct ProTrader free.

“In recent years, PFGBEST.com has seen a sharp increase in the variety and sophistication of both futures and forex trading technologies for traders,” said Ryan Hansen, director of Vendor Integration at PFGBEST.com. “Providing BEST Direct ProTrader to our customer base free of charge creates the opportunity for traders to harness the power of professional trading technology while reducing the operating costs of running their trading business. It is a win-win situation for the customer, especially useful for those trading multiple asset classes.”

The updated premium features are designed to improve a trader’s performance through automation, advanced order strategies and through research feeds and analytical tools. BEST Direct ProTrader has a simulation tick replay system which allows traders to test strategies in conditions that mirror real-time markets, allowing them to hone their trading skills.

“Traders are constantly looking for an edge,”said Paresh Malde, CEO of Avadhi Finance and Technology, the maker of BEST Direct ProTrader. “This platform already has robust, premium modules that traders are using to gain advantages. We saw an opportunity to create even more customization within those modules, which are developed in response to customer demand for ways to increase their edge in futures, forex and options trading.”

Among the modules to be released this summer are:

• Swing Trader. An automated trading system that trades the market by entering long positions below a moving price average and short positions above the average. The system helps manages risk by ensuring that the user-defined stops are automatically working when needed.
• Avadhi Research Content (ARC). Directly feeds market research content into the platform. Provided by Action Economics, a provider of institutional research. Available for the first time directly within a trading platform.
• Replay Tick Server. A system that allows traders to replay market-tick data and test their strategies in real market-like conditions.
• Portfolio Analyzer. A powerful tool that allows traders to analyze option portfolios by performing risk-reward scenarios based on market prices and volatilities.

“These powerful tools allow the individual trader to seek alpha in new and creative ways, employ those ideas with efficient precision, and compete at a professional level across the spectrum of markets offered,” said Hansen.