…View part one of the review
Money.Net platform and features reviewed, including the Excel Add-in.
By Gino D’Alessio
TV Clipster – Headline news in your Inbox
Continuing with the theme of data and headline news supply, is the Money.net feature called TV Clipster; This allows traders to set alerts for a word or a person’s name like “Janet Yellen” for example. Every time these words are mentioned on a news channel the trader will receive a link in their email to the video clip. Multiple alerts can be setup as required.
From the toolbar under TV Clipster traders can also manage alerts, this is useful as it not only lists all the alerts created but it also gives some statistics as to how many times each alert has been triggered over the past 7 days, 45 days and for the present day. In theory traders do not have to have several different news channels up to make sure they get the breaking news, as the application will send an email advising of any relevant event.
Stock market savvy
The next set of tools are very helpful in particular for Stock traders but they are worth a mention for other users too;
Under the Toolkit dropdown menu is a thorough set of tools that are extremely useful when trading Stocks;
- Earnings
- Calendar
- IPO Calendar
- Buyback Calendar
- Earnings Surprises
- Splits
These tools are also available on other platforms, but tend not to be as easily accessible. The good thing here is that they are all in one application. If traders have enough screens, they can open as many windows as they require. By clicking the Pop Out button at the top right of the windows on the Dashboard, users can move them around and out of the main window.
Trade Generation
This is a handy set of tools, also under the Toolkit dropdown menu. There are 5 different tools that can be opened in separate windows. The Risk-on / Risk-off tool opens a window that shows which markets are trending Higher or Lower. The terminology of “risk-on” comes from investing in a market that is considered risky, and “risk-off’ comes from investing in relatively ‘safe’ assets.
The unusual options tool shows a list of Puts and Calls for stock markets that according to Money.net have better than average appeal.
Top 20 movers opens a window listing stocks that are traded on the NYSE and Nasdaq by Highest volume, biggest percentage gainers and losers.
Fast movers, I find very useful as it lists the stocks with the largest percentage movers for different time frames, ranging from 1 minute to 4 hours. This can alert traders quickly to the stocks that are seeing new momentum compared to the general market.
Fx Crosses opens a window with 3 headings (see screenshot) ‘FX Tickers’, ‘FX Crosses’ and ‘FX Forwards’.
This tool has a lot of information which is well exposed all in one window. The ‘FX Ticker’ heading takes the user to a list of tickers for a matrix of currency pairs.
The next two features in this tool are very useful for an FX trader. The ‘FX Crosses’ feature opens up a window made of two parts. A histogram chart of the percentage move of the US dollar compared to the 7 major currencies and a panel of currency pairs.
What the panel matrix allows, is to view how well a currency is performing against a range of other pairs. This allows traders to create spread trades when a currency over/underperforms against one pair compared to others. It also gives a clear graphical picture of how well a currency is performing across the board.
The third header ‘FX Forwards’ displays the outright forward curve for a whole range of currency pairs; expressed as a line chart and as a Table with maturity and rate. This is useful in seeing where the market sees interest rates for the pair.
Money.net Excel Feeds
Last but definitely not least is the Excel Add-In which is downloadable from the website – just be sure to follow the instructions carefully so the Money.Net tab appears on your Excel sheet. This function is extremely useful where traders like to use Excel, as they can have a very varied array of information on each line, for each asset. It also allows users to import historical data, so if a trader likes to back test a new strategy first, they can easily do that with the Excel plug in.
Money.net review – Conclusions
I see this as a very well-priced service in regards to data, news and headline aggregation and it has some very useful tools and features. It may need a bit more work on the live Squawk but this could have been a slow news week – and no news is better than meaningless “market noise”. Overall I think there is a lot of value for $95.00 a month, although it may possibly appeal more to active traders than passive, long term investors.
…View part one of the review
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