Products February 23, 2011

Schwab Develops Platform for Active Traders

Charles Schwab introduced theStreetSmart Edge program for active traders, which was built to “think like a trader,” and offer a more intuitive experience.  
Reported by

Schwab says the platform is designed to be flexible and “to grow with a trader.” As traders develop more sophisticated skills or change investment strategies, they can add or modify the features to fit their needs. Some of the tools include:

  • Symbol Hub integrates tools including charts, news, order entry, live data, options chains, technical and fundamental research into one place.
  • Chart pattern recognition uses tested indicator patterns along with screening and charting tools to analyze historical and current market data. Built into the platform, chart pattern recognition can give traders pattern-based strategy ideas and decision support.
  • Flexible charting tools allow traders to change a chart’s style or data. A mini-chart carousel displays small charts for recently viewed ticker symbols.
  • Research is integrated into the workflow. After scanning the live data screen for a specific security or index, traders can use the “research” button to flip the screen and reveal fundamentals on the same symbol.

Kelli Keough, vice president of active trading at Charles Schwab, noted that a number of Schwab’s active trader clients have been beta testing StreetSmart Edge since the fall, and their feedback was used during development.

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Deals & People February 23, 2011

T. Rowe Names Head of Third Party Distribution Unit

Scott David is the new director of Third Party Distribution for the T. Rowe Price Group, beginning May 2.  
Reported by

In this position, David will lead the firm’s efforts to develop its relationships with financial intermediaries by overseeing distribution, sales support, and marketing. He is succeeding John H. Cammack, who retired after 18-years with T. Rowe Price.

David worked at Fidelity Investments for seven years, most recently as president of Fidelity Institutional Retirement Services. As general manager of the unit, he was responsible for its strategic direction, client satisfaction, and employee engagement across multiple offices. Prior to his time at Fidelity, he was president of U.S. Retirement Services for Deutsche Asset Management/Scudder Investments. David is also a board member of the Employee Benefit Research Institute and a member of the Retirement Security Taskforce for the Investment Company Institute.

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