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Futures and
Overseas Data - Software
DataTools
The DataTools program
serves as the user interface for Paritech's end-of-day
futures data service.
Installation is simple:
place the CD-ROM containing the program into your
computer's CD-ROM drive and it will begin to install
itself by auto-run.
When the install
procedure reaches the Registration Form, please fill in
all the fields. The final two fields are the most
important. They should contain the Username and PIN that
you are issued upon purchase. If these two fields are
filled in incorrectly, or left blank, the program will
only install itself as a trial version, with a sample
database.
Program Features
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Price Charts
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DataTools is an updating
program, not a technical analysis package, but it does
offer basic price charts, allowing you to see quite
quickly what has happened in the markets as soon as you
have updated.
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Continuous Contracts
- Continuous contracts
are a must for any study of the futures markets.
DataTools supplies two types of continuous contract
for each market, allowing for two types of analysis.
The "spliced" contracts show real
historical prices (along with the price gaps that
occur when individual futures contracts are spliced
together). The "back-adjusted contracts"
eliminate these price gaps (by adjusting historical
prices).
Prices are appended to the continuous contracts as
part of the daily update routine. The user may
change the settings from within the program so as to
dictate just when the splicing (or
"rolling") occurs for any market.
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Currency Converter
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The currency converter
updates the daily spot value of 13 major currencies
against the U.S. Dollar and allows for conversions of
sums between them.
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Contract Details and Pricing
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This module allows the
user to check the "tick values" of futures
contracts and calculate the value of price moves in
terms of a local currency.
For instance, it allows
a user to simulate a trade in Cocoa futures on the New
York Board of Trade and see what the result might be in
Australian Dollars.
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Risk Management
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The risk management
modules build on the information in the currency and
pricing modules to allow for more sophisticated analysis
of potential trades.
For instance, the Risk
Manger allows a user to determine how many contracts to
take on a Cocoa trade for a given amount of risk as
measured in Australian Dollars.
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