What Is ScottradeElite?
- ScottradeElite users can create unlimited stock symbols lists for research. This desktop program will filter stocks based on more than 100 different criteria, including filters for price-earnings (PE) ratio, dividends and 52-week highs and lows. Investors receive free, up-to-the-minute news courtesy of Comtex News and the Dow Jones Real-Time News for Investors. In addition, ScottradeElite users can utilize stock research conducted by Standard & Poor’s for free.
- ScottradeElite provides real time stock quotes. This program also comes with NASDAQ TotalView, which shows every order that was executed on a particular stock and at what price. As an add-on to ScottradeElite, TotalView is provided for $15 a month. This fee is waived if 15 trades are carried out every month. NASDAQ Level II provides real-time information on market imbalances and shows investors when big players have made a trade. This tool is provided for free if users make a minimum of 10 stock trades a month.
- In order to better view stock market trends, ScottradeElite has advanced charting options, which allow users to determine highs and lows of a stock over a desired time frame. Investors may bring up multiple stocks to compare and contrast investments on the same graph. They can use sophisticated tools such as linear regression, volatility and moving averages to determine upward stock trends.
- ScottradeElite offers comprehensive filtering tools that can help investors narrow the list of stocks that interest them. A Top Performers scanner helps traders identify the biggest gainers and losers on the day from over fourteen different stock exchanges. The High/Low Filter helps traders narrow down the market to identify tops and bottoms of stock price activity for the day.
- In order to run ScottradeElite as of July 2010, investors will need a computer running Windows Vista, Windows XP or Windows 7 operating systems. Minimum hardware requirements include half of a gigabyte of computer memory, Internet Explorer 6 and a monitor with a resolution of 1,024 by 768. ScottradeElite users will also need a fiber optic or cable Internet connection that can transfer data packets at broadband speed.