BNP Paribas’ Cortal Consors Launches SmartStops.net
Translated and edited from: Cortal Consors BNP Paribas Press Release: https://www.cortalconsors.de/euroWebDe/-?$part=Ueber_Uns.Desks.Das_Unternehmen.Desks.Presse.Desks.PM.content.body.20_Article&externalid=denps49442905
21. December 2010
SmartStops helps to secure profits and limit losses with automated intelligence
Just in time for Christmas, Cortal Consors is providing to its customer an innovative new free feature. Customers will now have immediately access, so far exclusively, to the intelligently adjusting stop loss service SmartStops. SmartStops acts as an monitoring and alert tool which helps investors to secure profits and limit losses. SmartStops are generated daily for approximately 500 popular equities on the European exchanges, as well as equities for all major US exchanges. The stop loss signals are adjusted each day and designed to trigger when a trading pattern indicates the equity has entered an abnormal period of risk. Customers can then decide if they want to quickly transfer this proposal to a self-direction a stop loss. SmartStops dynamically apply a range of technical models to adapt stop loss points as market conditions change.
Intelligent risk management
This service is available in short and medium-term version. With the short term variant, the SmartStop is placed closer to the normal range of variance. They react thus faster on market movements than the medium-term SmartStops which are more tolerant in relation to exchange rate fluctuations. SmartStops give more room for variance during an upward trend and also adjust for lateral movement. This helps investors avoid whipsaws or exiting a position during a possible short term correction. However in downward phases, SmartStops adjust closer to the normal range of price variance, helping investors identify greater risk exposure and avoid major losses. As soon as customers log in to the Cortal Consors website and call a share Snapshot, the SmartStops is indicated to help automatically maintain protection – for all DAX, MDax, TecDax, Nasdaq 100 – and Dow of Jones values. In addition, the French benchmark index CAC 40 as well as 80 additional French equities are covered. In the coming year, this service will be extended to 20 additional ETFs.
For further information on SmartStops, go to:
Cortal Consors, a subsidiary of BNP Paribas, is one of the leading investment banks for private capital investments and online trading in Europe. With an extensive product portfolio and a broad supply of services, Cortal Consors via various different marketing channels services more than one million customers. In the framework of the investment solutions business division Cortal Consors, present in Germany, France and Spain, the brokerage house B*capital and Geojit BNP Paribas, a leading broker on the Indian market, together form the unit BNP Paribas Personal Investors.
BNP Paribas (www.bnpparibas.com) is one of the six strongest banks in the world* and the largest bank in the eurozone by deposits. With a presence in more than 80 countries and more than 200,000 employees, including 160,000 in Europe, BNP Paribas is a leading European provider of financial services on a worldwide scale. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Retail Banking, the Group has four domestic markets: Belgium, France, Italy and Luxembourg. BNP Paribas is rolling out its integrated model across the Europe- Mediterranean zone and boasts a large network in the United States. BNP Paribas Personal Finance is the leader in consumer lending in Europe. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe and solid and fast-growing businesses in Asia. * Rated AA by Standard & Poor’s i.e. 3rd rating level on a scale of 22.
Categories: Press Release