My stock marketstrading softwareI would like to write review of stock trading software I use for everyday trading US stock markets. I do not know if it is best software for stock trading but I like it very much. Software name is Peak Access. It is software produced by Banc of America ETS division. I know that I do not use all features of this trading software but I like it. It works as I expect and provide me necessary tools for order entry and execution. Here are some details about this software: Order entry PeakAccess' integrated order entry system allows both Point-and-Click, Keystroke and Basket order entry capability. With Level II window, traders are able to view each bid and offer the various Market Makers, ECNs and Specialists post along with each price change. PeakAccess provides routing to all ECNs, NYSE, NASDAQ market makers, AMEX, regional and all option exchanges.
 (click for larger image) Portfolio management All account and position data is dynamically updated allowing me to monitor open positions, pending orders and status, profits and buying power. - in real-time.
(click for larger image) This real-time feature allows me to watch an unlimited number of symbols dynamically updated throughout the day. The detailed quote window shown below is fully customizable and allows to choose from over 25 fields of related information on a particular symbol - including bid/ask, volume, change etc. Like all features on PeakAccess, you can customize the quote windows using any particular color scheme, font or configuration they choose.
(click for larger image) Charts PeakAccess offers dynamically updating, real-time intra day chart data and historical information. You can chart stocks, options, indices or stock baskets with daily, weekly or any interval of intra day data. PeakAccess also includes a comprehensive package of technical analysis and charting tools.
(click for larger image) Alert are very useful feature of this stock trading software package. Trader can dynamically monitor multiple securities for various price and volume parameters. The Alerts feature visually and audibly notifies traders once a security / instrument they have selected has news, exceeds a volume requirement, passes above/below a price that they selected or if a new high or low has been attained. Traders can enter any number of symbols and enable / disable any combination of Alert options.
(click for larger image) I do not use this feature, but it can be useful to monitor group of stock as one symbol.
PeakAccess offers tools such as Market Watch and Top Ten List. In one concise Real-Time window the Top Ten Lists feature allows traders to see the Most Actives, Largest Point and Percentage Gainers and Largest Point and Percentage Losers on the NASDAQ, NYSE and AMEX. The market watch feature allows you to monitor the Major market indices that are used as barometers for trading U.S. stocks. The real-time and dynamically updating color coding features make following the trends and action for the day that much easier.
(click for larger image) I think that this technical info is also important to know. PeakAccess' servers are housed the WorldCom/UUNET Mega-Hub in Dallas, Texas. These servers are attached directly to the Internet's backbone providing unsurpassed reliability in connectivity and resulting in virtually unlimited bandwidth on demand. All hardware and networking equipment is provisioned well beyond normal standards - deploying multiple networks that can access data even if another network is down. DAFC, quote vendor, receives its quotes through direct connections to each ECN and Exchange. The quotes are then redistributed to the clients over their Internet or Direct Connection. An additional advantage DAFC has is the proximity to the Nasdaq servers themselves. Broker Server Array resides one floor below the Nasdaq Servers possessing a direct connection to the Nasdaq Server Array. Thus negating the need for a local loop connection, and reducing the transmission time to our servers. One of PeakAccess' significant advantages is the delivery of data to the trader’s workstation via the Internet. Data is compressed down to a level that is easily accepted over relatively low bandwidth communication lines. The software only grabs from our quote server what it actually needs to complete the task at hand. For example, once your machine has accessed a particular symbol for level II or charting, it is constantly recording and storing that data in case you decide to access that symbol again. This data compression saves a tremendous amount of bandwidth needed to change stock symbols as well as providing the trader with immediate access to the most commonly used symbols. Another advantage is PeakAccess' ability to process vast quantities of data with no backlog left in queue to be delivered to the trader’s workstation at a delayed rate.
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