TD Direct Investing in Canada has added conditional order types to its flagship trading platform, WebBroker.
The new order types are designed to provide self-directed investors with greater control and flexibility in managing their portfolios, even when they are away from their computer.
"Investors look to TD Direct Investing to deliver innovative solutions that empower them to achieve their financial goals, and we're thrilled to be introducing this powerful suite of new order types," says Calvin MacInnis, president, TD Direct Investing. "These are tools that professional traders have enjoyed for a long time, and will be a real game-changer for retail investors."
The new conditional order types will enable investors to determine entry and exit strategies up-front and automatically execute their trading plans with greater ease and precision.
The abilities range from triggering an order to sell at a higher price once a buy order is completed, to more complex order strategies which actively monitor market conditions to automate a sequence of trades in order to limit downside risk or lock in gains.
"The market changes quickly and investors can now keep up with fully automated, pre-determined trade order executions, rather than making on-the-spot decisions or missing out altogether,” adds MacInnis. "Whether you're an active trader or a longer-term investor, our offering of these new order types opens up a lot of possibilities to help achieve your investing goals."
