Tickmills new platform, Agenatrader facilitates DMA or direct market access to exchanges such as the CME or Chicago Mercantile Exchange, one of the world’s largest derivatives marketplaces.
The new platform provides advanced trading tools and functionality including more than 150 trading indicators, on-chart trading, contingent and connected order types, such as OCO or order cancels order, and tools to capture and analyse options order flow and volume data.
There are also intuitive interactive tools for traders in the Agenatrader platform including a drag-and-drop signal builder which allows traders to build their own indicators and trading signals without the need for coding skills.
Signals, strategy & risk
The platform also contains a strategy-building tool that allows traders to combine trading signals with trailing stops and trade target levels.
A signal analyser that scans through thousands of instruments, across multiple time frames to highlight trading opportunities to the user.
Agenatrader also has a built-in risk management tool that automates lengthy risk calculations, allowing traders to optimise their trade and money management strategies.
Other tools in the platform include a one-click strategy trading module and a trade notifier, that alerts users to order executions, trading signals and other status updates.
These alerts can be delivered directly to your Android smartphone.
Agenatrader also has a global trading room in which users can meet fellow traders and swap ideas and strategies.
Tickmill currently offers options trading on the Micro Emini S&P 500 and the Micro Emini Nasdaq 100 contract over weekly and quarterly series, with commissions from $0.85 per micro lot.
The broker also offers a wide range of futures contracts over commodities, currencies, equity indices and bonds.
Agenatrader
Agenatrader is not a proprietary product from Tickmill, instead, it’s a white label of an existing platform developed by a software company based in Vienna, which is touted as one of Austria’s bright young fintechs, following an investment from the PE firm Andromeda Capital Partners Suisse AG.
The €3.50 million investment in Agenatrader, which was made via its parent company Galaxy Ventures GmbH, was led by Ingmarr Mattus, who himself was a co-founder of Tickmill.
For its part, Agenatrader has integrations with Interactive Brokers, StoneX Group Inc. (SNEX), XTB, FXCM, CQG, Bloomberg and other technology providers.
It’s good to see brokers making new technology and products available to their clients, we are all in favour of choice for retail traders if that choice benefits them.
However, trading platforms with lots of bells and whistles on them can prove to be a hindrance rather than a help, if their users don’t have their trading strategy nailed down, or know what signals and trading opportunities they should be looking out for in the first place.
With over 35 years of finance experience, Darren is a highly respected and knowledgeable industry expert. With an extensive career covering trading, sales, analytics and research, he has a vast knowledge covering every aspect of the financial markets.
During his career, Darren has acted for and advised major hedge funds and investment banks such as GLG, Thames River, Ruby Capital and CQS, Dresdner Kleinwort and HSBC.
In addition to the financial analysis and commentary he provides as an editor at GoodMoneyGuide.com, his work has been featured in publications including Fool.co.uk.
As well as extensive experience of writing financial commentary, he previously worked as a Market Research & Client Relationships Manager at Admiral Markets UK Ltd, before providing expert insights as a market analyst at Pepperstone.
Darren is an expert in areas like currency, CFDs, equities and derivatives and has authored over 260 guides on GoodMoneyGuide.com.
He has an aptitude for explaining trading concepts in a way that newcomers can understand, such as this guide to day trading Forex at Pepperstone.com
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A well known authority in the industry, he has provided interviews on Bloomberg (UK), CNBC (UK) Reuters (UK), Tiptv (UK), BNN (Canada) and Asharq Bloomberg Arabia.
