Thomson Reuters, a leading news portal that recently purchased the Forex broker FX Alliance Inc (aka FXall) announced recently the launch of its new data portal called Thomson Reuters Eikon for Retail Traders. The news platform will provide traders with a thorough view on news, technical analysis and fundamental perspectives so that they can find their strongest positions in the currency markets.
Thomson Retuers Eikon for Retail Traders follows the emergence of the company's FX Buzz Intraday Market Analysis which was designed to provide institutional traders the most thorough coverage on the markets. The company's new platform claims to be fully customizable so that traders can opt to view only the information that is relevant to their specific trading style without getting distracted by other information or market data. It includes real-time economic monitoring which can be sorted by country or region as well as filters for asset class, market tools, local files and more. A tabbed navigation allows traders to flip back and forth between all of their critical information without keeping it squarely in one pain.
Though the platform does sound wonderful, I wouldn't expect it to compete with MT4 anytime soon. The company hasn't clearly published just how the platform will be available, or if it has a fee attached, which presumably it does. It would be helpful to have the full story in order to make a full assessment of this new product, and if the information is publicized, you can expect to find updates here.