Product Overview: Fidelity Active Trader Pro
Fidelity Active Trader Pro (ATP) is a sophisticated trading platform designed to meet the advanced needs of active traders. This platform is tailored to provide a comprehensive suite of tools and features that enhance trading efficiency, decision-making, and portfolio management.
Eligibility
While historically eligibility for Active Trader Pro was based on making 36 or more trades in a rolling 12-month period, this requirement is no longer in place, making the platform accessible to a broader range of traders.
Key Features and Functionality
Trading Capabilities
- Multi-Asset Trading: Active Trader Pro allows users to trade a variety of assets including stocks, options, ETFs, and mutual funds through single trade tickets, multi-trade tickets, and directed trade tickets. The platform supports multi-leg option orders and advanced order types such as trailing stop orders and conditional orders.
- Order Management: Users can store and stage up to 50 orders using the multi-trade ticket feature, and execute them one at a time or all at once. The Trade Armor™ feature integrates the trading workflow with intuitive drag & drop order and alert entry/management.
Advanced Charting and Market Data
- Interactive Charting: The platform offers advanced interactive charting tools that help traders quickly identify entry and exit points. Users can view real-time, streaming market updates, including Level II quotes and Time & Sales data.
- Streaming Data: Traders have access to streaming headlines, pre-built and custom search capabilities, and the ability to save searches. This includes streaming news, market depth, and time and sales information.
Portfolio Management
- Comprehensive Account Management: Active Trader Pro provides tools for managing an entire portfolio, including account balances, positions, profit and loss calculations, tax information, and margin calculators. Users can view open and closed positions across multiple accounts and access online statements.
- Portfolio Analysis/Reports: The platform offers detailed portfolio analysis and reporting tools to help traders evaluate their performance and make informed decisions.
Customization and Efficiency
- Custom Layouts: Traders can customize the platform to suit their preferences by choosing from various settings, including background color themes, font sizes, and the fields displayed on individual tools. Users can create custom layouts or use one of the pre-set desktop layouts.
- Shortcuts and Action Menus: The platform includes powerful right-click and action menus that allow users to quickly access tools or pre-fill trade tickets. Users can also link up to five different sets of tools for streamlined trading.
Investment Decision Support
- Research and Screening: Active Trader Pro offers access to third-party research, advanced charting, investment analysis, and filtering tools. This includes pre-built market, technical, and option filters to help identify trading opportunities.
- News and Alerts: The News Tool features streaming headlines, pre-built and custom search capabilities, and the ability to save searches. Traders can also set up securities alerts for real-time market updates.
Education and Support
- Learning Center: Fidelity provides a comprehensive Learning Center with video tutorials, recorded webinars, and live webinars to help traders get started and continue learning advanced trading strategies.
In summary, Fidelity Active Trader Pro is a robust trading platform that offers advanced trading capabilities, comprehensive portfolio management tools, real-time market data, and extensive customization options. It is designed to support active traders in making informed decisions and executing trades efficiently.