By reducing complexity and increasing engagement, OptionsPlay® Ideas brings new trading opportunities and market transparency to TradePMR advisors and their clients
JERSEY CITY, NJ – December 1, 2014 – TradePMR, a provider of brokerage and custody services for registered investment advisors (RIA), today announced its addition of the OptionsPlay® Ideas tool to the Fusion® Advisor Workstation, its proprietary RIA advisor platform. As the latest addition to Fusion, which houses a range of trade analytics, performance reports and cutting-edge research, OptionsPlay Ideas serves to enhance TradePMR’s suite of advisor client offerings in order to generate trade ideas, increase trade volume and improve trade performance.
“The integration of OptionsPlay Ideas into the TradePMR Fusion platform strengthens our business model by providing our advisor clients with superior functionality in trading tools and resources,” said Robb Baldwin, Chief Executive Officer, TradePMR. “Our goal is to increase our clients’ engagement and confidence in trading, and OptionsPlay allows this to happen through its innovative use of data-driven analytics and natural language processing, which together offer an easy-to-use touch point for investors at all levels.”
“OptionsPlay Ideas is more than a trading platform,” said Mark Engelhardt, CEO, OptionsPlay. “It’s an idea generation service that provides users with the education and resources needed to not only make strategic options trades, but also understand the basis of these investment decisions. OptionsPlay Ideas presents data and market insight that together allow advisors to generate sound ideas and recommendations that drive profitable results for both their clients and themselves.”
The cost of using OptionsPlay Ideas through Fusion is $50/month, and with the service, RIAs have full access to thousands of data points and trade ideas, allowing them to effectively trade on behalf of their clients. “Everything about the platform is desirable from an advisor standpoint,” added Baldwin. “Any trader that wants to minimize risk will find that OptionsPlay reduces uncertainty by providing full transparency in options trading. Users will always be informed of the risks, rewards and probabilities associated with any given trade, thereby expanding their overall comfort level with the process.”
OptionsPlay Ideas offers access to a range of unique capabilities, including the following:
- Daily Trade Ideas: based on objective technical equity analysis
- Income Generator: enables investors to generate profit by leveraging their existing portfolio
- Proprietary OptionsPlay Score: makes it simple to evaluate the risk and reward, probability of profit, and breakeven price of every trade
- Natural Language Processing: trade signals and supporting technical data are presented in simple terms that are easy to understand
- Trading Strategy Checklist: evaluates any stock or options order instantly, validating the strategy against complex market conditions
- Trade Strategy Visualization: allows investors to compare any three trading strategies for any stock with ease
“OptionsPlay brings clarity to investment decisions without sacrificing the tools that our advisor clients demand,” said Baldwin. “TradePMR’s integration of this unique offering into Fusion is a result of the growing need for financial services to continue to invest in the best technologies and functionalities in order to stay ahead in today’s highly competitive market.”
To learn more about OptionsPlay, visit www.optionsplay.com
TradePMR combines innovative technology with brokerage and custodial support and services to empower independent financial advisors with the tools they need to effectively manage their businesses. TradePMR’s technology is wrapped in a premium support model designed to give advisors a comprehensive solution that complements their unique business needs. www.tradepmr.com
Headquartered in Jersey City, NJ, OptionsPlay® is a product of Syrah Trading Technologies, a joint venture by LEAF Capital Advisors and Scivantage. The team brings a new level of innovation to financial services, with the common goal of transforming the way investors think about trading. OptionsPlay Ideas is the first product in a suite of OptionsPlay offerings rolling out over the next year. With the clear mission to transform the tools and techniques of Wall Street options traders into powerful and easy-to-use solutions for investors, financial institutions can implement OptionsPlay Ideas to generate new revenue and build stronger customer relationships. For more information visit www.optionsplay.com or contact us at 855-557-5297.
Options involve risk and are not suitable for all investors. Before considering any option transaction, please read Characteristics and Risks of Standardized Options.
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