A new function is now available in Scalable Capital's PRIME Broker for placing limit and stop orders: Smart Predict.
Using a technology developed by Scalable Capital, Smart Predict shows users the probability of a limit or stop order being executed within the next hour. The function thus makes it easier for you to set limit or stop prices and can optimise your trading.
The probabilities displayed when placing limit and stop orders update automatically and in real time as you change the desired price or the price of the security fluctuates.
The technology behind Smart Predict relies on historical data sets and machine learning. It takes into account the volatility of a security, the distance to the marketable price, the size of the spread, the type of security, the time of day and other factors. Smart Predict was developed specifically by finance and technology professionals at Scalable Capital.
Currently, the feature is available in our web cockpit. Soon, PRIME customers will also be able to use Smart Predict on iOS and Android. Test it now on Web.