In-app stock trading tool to now include options trading and other improvements
PHILADELPHIA, June 30, 2011 — Chaikin Stock Research, creator of a suite of investment products which includes the popular Chaikin Power Tools free iPhone® app for traders, announces upgrades that further establish the app as a top source of Wall Street-quality stock research and seamless online trading.
Version 1.2 builds upon the features that have enabled Chaikin Power Tools to remain in the top five percent of downloads in the "Finance" category of Apple's App Store™. The Version 1.2 upgrade features:
- The addition of options trading through Chaikin Stock Research partner optionsXpress
- A "Modify Order" button to cancel and replace open orders
- Improved speed and clarity of the "Orders" display
"The dramatic shift of assets from full-service brokerage to self-directed accounts and the tremendous growth of smartphones has triggered a need for sophisticated yet fun and easy to use investment tools that investors tell us is perfectly embodied by our mobile trading tools," said Marc Chaikin, CEO of Chaikin Stock Research. "These upgrades further enhance functionality while maintaining our intuitive green/red Chaikin Power Gauge displays that empower individual investors with trading tools that were once only available to Wall Street professionals."
Chaikin Power Tools is available as a free app through Apple's App Store™, for use on iPhone®, iPod touch® and iPad™. According to online reviews and user comments, its appeal lies in its unbiased, proprietary, 20-factor Chaikin Power Gauge model that has been proven successful(1) in identifying under- and out-performing stocks and distilling complex financial data into easily understood green/red displays. The Chaikin Power Gauge model is updated daily and includes real-time news sentiment analysis generated by the company's proprietary linguistics parsing software … even large hedge fund managers don't have access to these sophisticated tools.
The demand for easy-to-use trading tools is bolstered in the May 2011 Charles Schwab Active Trader Sentiment Survey, which reveals that 26 percent of traders say an easy-to-use trading platform was most important to them, followed by access to research and cost. In addition, optionsXpress has been rated 4+ Stars for the tenth consecutive year in Barron's 16th annual online-broker review(2).
Chaikin Power Tools offers seamless, easy and fast in-app trading through their brokerage partner optionsXpress.
"In today's mobile economy, investors want to be able to trade easily and quickly from wherever they are and whenever they want," said Chaikin. "We combine our professional-quality stock tools with a leading-edge trading platform to offer stock and options trading seamlessly from within the app. With today's mobile lifestyle, people don't want to be tied down to their desks or wait minutes to log in to their browser. From our app, investors can execute a trade in seven seconds, compared to up to three minutes from their desktop."
For more information, or to download the Chaikin Power Tools iPhone app, visit http://www.chaikinpowertools.com/. The company will soon launch a Chaikin Power Tools app on additional mobile platforms, a Web widget as well as a desktop widget, all with in-app trading.
About Chaikin Stock Research
Chaikin Stock Research was founded by Marc Chaikin, a recognized expert in developing computerized stock selection models for professional money managers, as well as for individual investors. Marc Chaikin was recently named one of the "Top Wall Street Experts and Opinion Leaders" by WallSteetEconomists.org and is a regular guest on Fox Business News and CNBC.
His firm recently introduced the free iPhone® app, Chaikin Power Tools, which provides individual investors with sophisticated decision-making tools previously available only to Wall Street professionals, coupled with fast and easy in-app trading. Chaikin Power Tools distills diverse and complex financial information on any of 5000 stocks into intuitive green (bullish) and red (bearish) displays, making critical stock market data easy to understand and act upon.
Over the course of a forty-year career, Marc Chaikin pioneered and developed the first real-time analytics workstation for portfolio managers and stock traders and created several technical indicators whose predictive value has made them de facto standards in most technical analysis software packages. He is best known for the Chaikin Money Flow Indicator and Chaikin Persistency of Money Flow, which is the basis of Investor's Business Daily's Accumulation/Distribution (Add/Dis™) Rating.
1. The Chaikin Power Gauge model was independently back-tested on ten years of data and found to be successful at identifying stocks that outperform or underperform the market over the ensuing 3-6 months. For more information, visit their website.
2. Barron's, March 14, 2011, 16th annual survey, Rating Online Brokers. optionsXpress awarded 4.0 stars out of 5 in overall ratings. Overall ratings based on Usability, Trade Experience, Trading Technology, Range of Offerings, Research Amenities, Portfolio Analysis & Report, Customer Service & Access, and Costs. optionsXpress rated 4+ stars 2002-2011. Barron's is a registered trademark of Dow Jones & Company, Inc. (c) 2011.
Contact:
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Kwittken & Company
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