Traders can easily access different geographic and products markets. Traders can easily access different geographic and product markets. The refined products trading launched with gasoline, heating oil, and jet fuel on Colonial Pipeline, the most heavily traded pipeline for refined products. During the first few weeks, refined petroleum traders could become accustomed to the system by trading in one basic geographic area where they could develop liquidity. A variety of other trading possibilities will become available when New York Harbor trading is implemented.
Traders can track credit risk information and integrate data into their own risk-management systems.
The company will further integrate its XML technology into wireless extensions to improve the functionality of the model. The wireless capability will allow traders to make trades from any source with an Internet connection, such as cell phones or an electronic organizer. The On-Site Trading version of the FirstAlert system will include the company's proprietary S.M.A.R.T. Trading Technology, which provides best execution on every trade by searching all market makers and ECNs for the best price. On-Site Trading will be responsible for the first level of technical support, with Neovest serving as a backup. On-Site Trading is an electronic brokerage that enables traders to trade directly into the stock markets using the firm's customized PCs, either from remote locations or from one of its 22 trading floors in nine states.