INO.com, which launched its main website in 1995, at the dawn of the
internet era, was one of the pioneers in the delivery of market information online.
This week the privately owned company, which claims more than 6m daily
hits and over 800,000 unique visitors a month, launched a
subscription-based service designed as a "one-stop-shop" to help
individual futures and options traders spot trends and develop charts
in all the main markets.
MarketClub (www.marketclub.com) is an interactive service that costs
$19.99 a month and is built around INO-developed software called Smart
Scan. The technology tracks more than 100,000 ticker symbols and is
designed to show emerging trends in individual stocks, futures,
precious metals and currencies in chart form.
Smart Scan allocates a score to an individual portfolio stock or
commodity based on a pre-defined weighted trend formula for chart
analysis. Scores range from -100 (strong sell) to +100 (strong buy)
and each entry is accompanied by a brief comment and explanation for
the rating.
Subscribers can download data for any portfolio component into a
desktop spreadsheet. Other components of the service include a
portfolio tracker supporting 60 separate entries, technical
commentaries on key markets and an online workshop for improving
trading skills.
INO describes the new service as "like the dashboard in your car, with
all the vital numbers on the screen, right there at your fingertips".
For independent traders who want a low-cost, advertising-free
information and trading support service, MarketClub looks like a winner.