Australian broker Bell Direct has announced the launch of new charting technology designed to provide “investor quality” technical analysis.
Bell Direct said the software would enable users to “better identify investment and trading opportunities” in the share market using “a widespread method used by many institutional investors”.
The launch marks the first time such charting software has been implemented in the global market, according to Bell Direct chief operating officer Lee Muco.
“We are proud to have the first global implementation of this new technology. We’re striving to make investing as smart and effortless as possible for all investors and bring the best tools to our clients and partners,” Mr Muco said.
The software is powered by Markit’s Chartworks, and Markit digital director Michael Repsher said he was confident investors would find it “valuable” in making investment decisions.
“We have leveraged over 25 years of experience to create fully interactive, superior charting through Chartworks,” he said.
Bell Direct said the software utilises HTML 5 technology that can be used on desktop and mobile platforms.
“Our new advanced charting software is another cutting-edge tool that helps our clients in achieving long-term investment success,” Mr Muco said.
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