In the fast-paced world of trading, having the right tools at your disposal can make all the difference. Takion Technologies, with its advanced trading platform, is on a mission to provide professional traders with the technological edge they need to excel in today’s ever-evolving market landscape. Founded by a team of market and technology professionals, Takion is built on a foundation of innovation and efficiency. In this comprehensive review, we’ll delve deep into the Takion Platform, exploring its history, features, and how it caters to the needs of traders seeking to stay at the forefront of the trading game.
Evolution from Andover Trading to Takion Technologies
Takion’s journey begins with Andover Trading, a company that set out to provide traders with cutting-edge trading software. Established by a team of market and technology professionals, Andover Trading quickly gained recognition for its commitment to excellence in the trading software space. The system they developed not only met the expectations of professional traders but consistently exceeded them, earning its reputation as the most advanced trading software in the industry.
Andover Trading experienced remarkable growth, demonstrating the effectiveness of its leadership and the prowess of its trading platform. However, it was in 2003 that the company reached a significant milestone when it was acquired by one of the country’s largest market systems and trading technology firms. This acquisition marked a turning point, as it set the stage for the birth of Takion Technologies, a company that would leverage technological advancements to take trading software to the next level.
Takion Platform: A Technological Marvel
Takion Technologies has capitalized on the dramatic advancements in computer processing power, communications speed, and trading support technology to create what they proudly claim to be the “Best-in-Breed” trading platform available today. Let’s explore the features that make Takion Platform a compelling choice for professional traders seeking a competitive edge.
1. Advanced Charting: Unleash the Power of Data Visualization
One of the standout features of Takion Platform is its advanced charting capabilities. Traders can access multiple chart types, timeframes, and technical indicators. This allows for in-depth analysis of market trends and price movements, helping traders make informed decisions.
2. Real-Time Level 2: Stay Informed with Precision
To make sound trading decisions, real-time information is paramount. With Takion, users can access real-time Level 2 and Time and Sales data. This granular level of data ensures that traders are always up to date with the latest market developments, enabling them to respond swiftly to changing market conditions.
3. Direct Access Routing: Take Control of Your Orders
Direct access routing is a crucial feature for traders who want to execute orders with precision. Takion allows users to route orders directly to their preferred market makers and ECNs (Electronic Communication Networks). This feature provides traders with greater control and flexibility in executing their trading strategies.
4. Options Chains: Simplify Complex Option Trading
Trading options can be complex, but Takion Platform simplifies the process with its Options Chains feature. Traders can analyze options chains and highlight in-the-money options, making it easier to identify profitable opportunities within the options market.
5. Sophisticated Scanners: Discover Hidden Opportunities
In a rapidly changing market, identifying trading opportunities swiftly is essential. Takion’s real-time market scanners enable traders to pinpoint potential opportunities based on specific criteria. This feature empowers traders to act swiftly and decisively.
6. News: Stay Informed in Real-Time
In trading, being aware of the latest market news and developments can be the difference between success and failure. Takion Platform keeps traders informed with real-time market news and press, ensuring they are always up to date with relevant information.
7. Customizable Hot Keys: Enhance Efficiency
Efficiency is paramount in the world of trading, and Takion recognizes this. Traders can configure their own hot keys and hot buttons to expedite order placement. This customization feature streamlines the trading process, enabling traders to execute orders with lightning speed.
8. Trade Alerts: Never Miss an Opportunity
Missing out on a trading opportunity can be costly. With Takion, traders can create custom trade alerts tailored to their specific criteria. These alerts keep traders informed about market movements, ensuring they never miss an important trading opportunity.
9. Basket Trading: Simplify Complex Orders
Basket trading involves managing multiple securities simultaneously, which can be challenging. Takion Platform simplifies this process by allowing users to create, manage, and trade custom basket orders. This feature is particularly valuable for traders who frequently deal with complex strategies involving multiple securities.
10. Portfolio Management: Monitor Your Positions with Ease
Effective portfolio management is essential for risk management and performance tracking. Takion Platform provides a seamless solution for managing positions and monitoring profit and loss (P&L) directly within the platform. This integrated approach enables traders to keep a close eye on their investments.
11. API Access: Tailor the Platform to Your Needs
For traders with unique requirements, Takion offers trading API access. This means that traders can create unique trading plugins and integrations using the platform’s API. This flexibility allows for a highly customized trading experience.
12. Organized Platform: A Clean Workspace for Efficiency
Maintaining an organized workspace is crucial for traders who want to work efficiently. Takion Platform offers features like layers and multiple workspaces to help users keep their trading environment clean and organized. This makes it easier to manage various aspects of trading seamlessly.
Conclusion: Takion Platform – A Technological Marvel for Traders
In the competitive world of trading, having access to cutting-edge technology is non-negotiable. Takion Technologies, with its Takion Platform, has demonstrated its commitment to providing professional traders with a powerful and sophisticated toolset. From advanced charting and real-time data access to customizable hot keys and API access, the platform caters to the diverse needs of traders in today’s fast-paced markets.
Takion’s evolution from Andover Trading to its current state as a leader in trading technology reflects its dedication to innovation and excellence. As traders continue to seek more efficient and sophisticated trading software, Takion Platform stands as a beacon of progress in the industry.
For professional traders looking to stay ahead of the curve and make informed trading decisions, Takion Platform is undeniably worth considering. Its robust feature set, commitment to real-time data, and flexibility make it a compelling choice for traders who demand the best in trading technology. In the world of trading, where milliseconds can make a difference, Takion Platform empowers traders to execute their strategies with precision and confidence.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
