Stocks & Commodities V. 22:4 (78-81): Product Review: TradeScan by S&C Staff
TradeScan is a real-time trading alert service. The algorithms used to create the alerts use tick data that identifies individual trades inconjunction with price, volume, and Level II information. The displays are produced by a software application that is downloaded and installed. You pay a monthly fee to receive the alerts, most of which are text. There are two different packages, HL+ and Pro; Pro offers more alerts. Kingsbury Financial Management, Inc. (KFMI), claims that the alerts are delivered within one second of their origination. For example, when TradeScan takes data such as time and sales information, translates it into price and size, and uses it to generate an alert, the alert
appears on your screen one second later. KFMI delivers the alerts using Insight Software’s Whisper application.
This product is geared to active traders, especially daytraders. In the case of institutional customers with trading floors, KFMI offers a volume discount and a remote server to better support larger numbers of traders.