ETX Capital, one of the largest CFD brokers has launched a tool designed to integrate news sentiment into its trading platform ahead of the forthcoming US Presidential Election.
ETX Capital’s US Election News Sentiment Index displays the tonality and quantity of media coverage towards the election. It is the first tool to monitor the opinions of the media towards the US elections – and the leading candidates – in real time.
One of largest MT4 brokers adapts Brexit tool to monitor US elections
ETX Capital partnered with Acuity Trading during the run-up to the EU Referendum in the UK, launching a tool that allowed traders to understand the changing dynamics of media opinion ahead of the Brexit vote.
Neil Wilson, market analyst at ETX Capital, one of the best spread betting brokers, says: “Election cycles are highly emotive events that are scrutinised in depth by the media, therefore taking centre stage in a trader’s outlook.
“By working with Acuity Trading we have reacted quickly to client demands and are now offering this US Election Index, a first in terms of technology and product in the market. We hope to bring more innovations like this to market in the future.”
The tool will consistently and accurately monitor the global opinion towards the candidates in the forthcoming US elections. This is designed to assist traders who are motivated to trade by the volatility caused by political uncertainty and to help those who want to keep an eye on their trades more easily.
Andrew Lane, CEO of Acuity Trading who have partnered with the top forex broker to create the tool, says:
“This US Election News Sentiment Index is a really exciting step for ETX Capital who have been championing the use of this technology in the retail financial markets for some time now.
“This US Elections Index is, for the first time, able to offer traders a reliable barometer of how the media and financial markets are interacting around the US elections which has direct knock-on effects to the global financial market,” he adds.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.