Share traders demand better risk/reward management

Share traders demand better risk/reward management
CMC Markets Stockbroking launches new online risk management tools

Sydney, 28 February 2012 - CMC Markets Stockbroking today launched a range of innovative new features on its online stockbroking platform to further assist share traders manage ongoing market volatility.

These easy-to-use features, including linked orders, and automatic tax and reporting tools, will be available at no extra cost for most CMC Markets Stockbroking clients.

"Volatility is becoming a permanent feature of the market, so traders are adapting to this changing dynamic and finding new ways to balance risk and reward," said Louis Cooper, managing director of CMC Markets Australia and New Zealand.

While traders can't eliminate losses completely, with some planning they can reduce the impact on profitability. CMC's new linked orders allow traders to set up entry and exit strategies in one click by linking orders together online using the CMC Markets Stockbroking platform.

"Linking stop-loss orders to take-profit orders enables traders to determine their risk/reward target before placing the trade," Mr Cooper said.

Only a few other providers offer similar features, however they are costly, time consuming and difficult to use. Linked Orders are exclusive to the CMC Markets Stockbroking platform providing traders with a free and easy tool to manage risk.

The Investment Trends Second Half 2011 Online Broking Report found 25 per cent of current traders would trade more often if they knew how to effectively reduce the risk of losing money.

The report also revealed CMC Markets Stockbroking as one of the most innovative brokers in the industry. CMC Markets Stockbroking has been conscious not to forgo functionality and service to trade at a lower cost and was recently named Best Value Online Share Trading Platform in Australia by Canstar Cannex.

CMC Markets Stockbroking also recently won Money Magazine's 2012 Best of the Best award for Cheapest Online Broker for the second year in a row, with a cost from $9.90 per trade.
CMC Markets Stockbroking also recently announced a partnership with online share portfolio management service Sharesight, providing traders online access to easy to use tax tools, which according to the Investment Trends report is considered one of the biggest gaps in the industry.

Traders can set up a Sharesight account via the CMC Markets Stockbroking platform to gain access to all their current and historic trade information in one place. The new reporting feature comes at no extra cost to traders with fewer than ten share holdings, or at a nominal cost for those with larger portfolios.

"Active traders are not only looking for low brokerage but also better account features to help them take control of their own decisions. CMC Markets Stockbroking is committed to combining functionality and service at a lower cost and this has made our customers some of the most satisfied in the industry," Mr Cooper concluded.

ENDS

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