Products

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NetDania

The best alternative to expensive legacy systems for trading, news and analysis

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TTMzero

Fully digitized RegTech and capital markets software solutions

Features

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NetStation

User-friendly information and analysis terminal, deployable in multiple roles, including trading

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Charts

The ultimate charting framework for desktop and mobile applications

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Data Feeds & APIs

Multiple APIs designed to ensure low latency and minimum resource usage

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Social Charts

Interactive charting platform that engages clients in conversation internally and online

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Fair Value Pricing

Independent fair value pricing for added transparency where current prices are not readily available

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Evaluated Real-Time Market Data

Independent real-time market data feeds at a fraction of the cost

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Key Figures and Risk Indicators

Precise indications of the risk and return probabilities for financial products

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Financial Instruments Automation Platform

Reliable and cost-effective digitization process for securities and OTC trades

Want access to the best fintech products on a central platform?

Our platform reduces costs, drives automation, and delivers efficiency within Capital Markets.

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Stock charting software: The basics

Traders need to keep track of developments and spot trends in the stock market. Stock charting software is the solution to that.
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Stock charting software explained

The ultimate goal of any trader or investor is to buy and sell stocks at a profit. In order to do this successfully, traders must evaluate available data, recognize patterns, and make informed decisions based on evolving information.

With thousands of information sources and millions of data points, doing the above manually is out of the question. That’s why anyone serious about investment will want to consider stock charting software to tame the information overload.

What is stock charting software?

Stock charting software is a tool that helps to visualize stock market data, analyze trends, and spot emerging patterns. Charting solutions assist traders with technical analysis, which attempts to make predictions about the market based on historical and real-time data.

Typical software  of this type will be able to provide investors with: 

  • Historical and current performance of publicly listed companies
  • Live updates about stock price and trading volumes
  • Investment recommendations based on automated or user-defined triggers

In short: The primary purpose of stock charting solutions is to support traders and investors in making better decisions.

Who uses stock charting solutions?

Charting software can be used by anyone who deals with buying and selling stocks. This may include:

  • Individuals making long-term investment decisions
  • Day traders trying to make short-term profit
  • Stockbrokers handling funds on behalf of customers
  • ...and so on.

As long as trading software provides accurate and relevant stock data, it’ll be of use to people whose jobs or investments are dependent on it.

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Why use stock charting tools?

No matter how experienced a trader or asset manager is, they’ll be naturally limited by their capacity to gather and process huge volumes of data. Stock charting software is therefore a must-have tool that simplifies pattern recognition and speeds up decision making.

Here are the main benefits of using charting solutions:

 

1. Clearly visualize past trends

A chart paints a thousand data points. Without mapping historical data onto a coherent visual, it’s difficult to make sense of it.

A considerable part of technical analysis is about reviewing past trends to inform future investments. Stock charting software is the best way to facilitate this, as it presents data points in a highly visual manner. This makes it much easier to evaluate historical performance and spot new developments.

 

2. Spot patterns

Depending on the exact market charting solution you use, you can expect a degree of help from its algorithms in recognizing patterns, generating trading ideas, and even making specific buy/sell decisions.

In many cases, you’re also able to set up custom, rule-based triggers based on your own preferences or analytical models. The charting software will then actively alert you when a trade is advisable, so that you can react accordingly.

 

3. Easily compare similar stocks

If you’re operating with a shortlist of potential stocks, you’ll need a way to compare them quickly to figure out which best suits your needs.

Stock charting solutions help you do exactly that. With this kind of technical analysis tool, you’re able to view similar stocks side-by-side in order to see the advantages and disadvantages of investing in each. 

Using this kind of data-based comparison makes picking the right investment a more straightforward task.

 

4. Respond in real time

Some of the best stock charting software will provide you with real-time market data. 

This is especially relevant for day traders who may be making numerous transactions within a single day in order to catch the right highs and lows.

However, even if you’re not focusing on a short-term horizon, having the most up-to-date information ensures that you don’t overlook any new developments when making the final investment decision.

 

5. Make objective decisions

Here’s an understated benefit of using charting software to make decisions: It ensures that these decisions are more objective. After all, traders and investors are only human, so they may well have biases related to certain stocks or tend to react emotionally to unpredictable market developments.

Technical analysis solutions help to eliminate or at least mitigate such subjective factors. By presenting only the cold facts, trends, and patterns, charting software helps to make the investment decision a calculated risk rather than a spur-of-the-moment reaction.

What to look for in stock charting software?

Researching market charting software may feel overwhelming. There are dozens of available charting platforms. In order to pick the right charting solution for your needs, consider the following:

 

1. Feature mix

First and foremost, you must decide which features you actually need. Many types of stock charting software offer differing options, including:

  • APIs to integrate the stock data into your own dashboards
  • Live alerts that trigger based on your preset rules and patterns
  • Advanced charting options that go beyond the basic level of detail
  • Trade-on-chart capabilities to let you make trades directly from the tool
  • Intelligent pattern recognition that helps you make better decisions
  • ...and much more

Deciding which features are important to your business will help narrow down your search.

 

2. Ease of use

Charting tools are built to reduce complexity. As such, make sure the tool you select doesn’t instead introduce a steep learning curve of its own. 

You want to look for charting software that’s easy to set up and start using. Ideally, you’ll want a tool that doesn’t require cumbersome program installation and perhaps even works directly in any browser.

 

3. Data recency

Live data comes at a premium. You’ll need to decide which time horizon your trading software operates with. Try to answer the following:

  • Should it offer real-time data? 
  • If not, how much of a delay are you okay with?
  • What time increments are viewable within the tool?

If live data isn’t a key factor, you’re likely better off with a tool that focuses on historical trends. 

 

4. Customizability

Most stock charting software will provide you with the needed standard views and charts right off the shelf. 

However, if you’re interested in designing your own overviews and dashboards, look for a tool that lets you customize the views, alerts, level of detail, and so on.

 

5. Mobile-friendliness

If on-the-go access is important, you may want to consider a tool that offers a smartphone app. At the very least, you’ll want the charting software to have responsive design that ensures that it scales properly depending on the size of your screen.

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NetDania: Make well-informed decisions with accessible market data

United Fintech's stock charting software solutions

One of United Fintech's portfolio companies, NetDania, serves some of the world's largest financial institutions, NetDania is the ideal platform for any trading professional. The platform provides market data, APIs, market terminals, and charting components on both desktop and mobile.

To learn more about NetDania's stock charting solutions, click on the products below:

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Products

NetStation

NetStation is an advanced yet user-friendly market analytics and information platform for desktop and mobile. Can be fully white-labeled.

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Charts

Perform technical analysis on our best-in-class charting solution, with over 180 studies and patterns, and set customizable real-time alerts.

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