Tastyworks Expands Risk Management Functionalities on Platform

Tastyworks, a US-based online equity broker, announced that it has expanded its risk management functionalities to help traders better analyze and manage the estimated risk in their options trading, futures trading and equity trading positions on one platform.

Fazzaco to Launch Business Awards 2022

The risk management functionality allows traders to adjust the underlying price and the implied volatility of the option, and calculate the theoretical price and theoretical gain and loss of the option based on the hypothetical percentage move chosen in the underlying security. Traders can also use the feature to draw "what-if scenarios" by adjusting price moves and individual implied volatility in positions to better calculate the risk of each symbol and the risk of the overall position.

Scott Sheridan, CEO of tasteworks, said: "Our platform was built by traders for traders and we remain focused on creating a dynamic experience, with better tools and methods to help traders understand and evolve their trading strategies. Clients understanding risk is very much a critical part of that strategy. Having a keen understanding of risk impacts a trader's probability of success and influences a possible decision to trade any number of products that are uncorrelated or correlated. With better visualization of risk and option pricing models, traders can also make more informed decisions with multiple conditions or risk scenarios."

Tastyworks, a wholly subsidiary of trastytrade,  was established in 2017 to empowers investors who want to actively manage their own money with a powerful platform and access to educational development for options, futures, crypto and equities trading. Trastytrade has been acquired by global fintech firm IG Group in June 2021.