Benzinga Professional Assessment – Actual-Time Inventory Market Information Platform

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Benzinga Professional Assessment

  • Newsfeed
  • Platform
  • Ease of Use
  • Screener
  • Options
  • Worth

Abstract

Benzinga Professional is a real-time information streaming companies filled with commerce alerts, market screeners, audio alerts and far more. See how this inventory market information platform compares to the competitors.

About Benzinga Professional

Benzinga Professional is the real-time market information feed launched by the crew at Benzinga. Benzinga is a well known market information supply that was initially based in 2010 by Jason Raznick. Whereas the principle Benzinga web site operates as a inventory market information supply (like CNBC or MarketWatch), Benzinga Professional operates as a information platform designed for fast-paces merchants and buyers who want entry to the suitable data on the proper time.

Hold studying our Benzinga Professional assessment to see if that is the suitable monetary information platform for you.

Benzinga Professional Assessment: Key Info
📈 Options Information Screener, Commerce Alerts, Audio Squawk, Screeners, Commerce Alerts
💰 Pricing $99-$177/month
Reductions 25% Off
Greatest For Information-Pushed Merchants and Traders
🔁 Different To TradetheNews, TheFly.com, Briefing.com

Benzinga Professional Platform Options

Benzinga Professional is a web-based platform that can work on each Home windows and Mac computer systems. The interface is easy, environment friendly, and easy-to-use.

Don’t let the truth that it’s web-based deter you as a result of the platform is filled with options. In contrast to some platforms that have been designed for desktop use and later migrated to the cloud, Benzinga Professional was designed particularly for internet use – and it exhibits. The platform is quick and properly organized. That is truly some of the environment friendly internet platforms I’ve used shortly.

In the end, the platform’s performance is easy. It gives an actual time information feed with loads of useful options for merchants. Let’s check out a few of the platform’s options earlier than we assessment the standard of the information itself.

Workspaces

Benzinga Professional permits merchants to create a number of workspaces. Consider these as tabs throughout the browser tab. You should use these totally different workspaces to arrange the totally different modules. For instance, you could have a information feed workspace, a screener workspace, and a watch record workspace. The workspaces make it very straightforward to maintain your workspace (pun meant) organized.

Benzinga Pro Workspaces

Cut up Display

Every workspace might be organized even additional by splitting content material into totally different display screen areas (i.e. halves or quarters). You’ll be able to have as much as 4 screens in every workspace, which might be useful for lively merchants with much less display screen actual property. Even when you’ve got a number of displays, it’s positively extra environment friendly to separate the screens.

Split Screen

Separate Home windows

One factor I actually like concerning the platform is that it permits you to open modules as their very own home windows. While you open a brand new module, you may select to open it throughout the workspace or as a brand new window. As soon as once more, that is nice for conserving display screen actual property.

Window or Workspace

For instance, I’ve one workspace that I exploit as extra of a analysis instrument for charts, fundamentals, and particular information. I even have Benzinga Professional’s streaming information arrange as its personal window. The streaming information is at all times current on my display screen (as its personal window), whereas the workspace is open in a tab that I rotate out and in of.

Themes & Settings

The default theme for the platform is darkish, however you may select between Darkish, Mild, Excessive Distinction, and Vintage. Personally, I believe that the “Darkish” theme is best on the eyes however some merchants could desire a lighter theme.

It’s also possible to change the textual content measurement and headline top for additional customization.

Benzinga Pro Theme

Actual-Time Information

The primary characteristic of Benzinga Professional is its potential to ship real-time information. The platform is designed to assist merchants get entry to related monetary information as quickly because it breaks. That stated, the instrument is greater than only a easy newswire and goes so far as providing commerce alerts and an audio squawk field.

As a part of our Benzinga Professional assessment, we needed to have a look at the standard of the information and the options of the information feed to see how this instrument compares to different monetary information platforms.

Let’s take a better look.

Newsfeed

Benzinga Pro Newsfeed

Benzinga Professional’s information feed is the gem of this platform. For the worth, that is positively one of many higher information streaming instruments out there.

That stated, it’s actually vital that you simply get your settings proper. Consider this as your personal private information desk. If you would like this information desk to be efficient, it’s essential to decide which tales and information sources you wish to see.

Customizing Alerts (Low)

The important thing to market information is actionability. You need to have the ability to discover actual time tradable information with ease. On daily basis dealer has their very own distinctive model of inventory buying and selling. In the event you use the “straight out of the field” settings, you’ll be overloaded with data. There are tons of various information alerts and lots of received’t be related to your buying and selling model.

After all, you may change the settings to filter the outcomes. You’ll be able to select from sources, classes, and sectors. It’s also possible to select to create newsfeeds in your personal inventory watch lists, which might be notably helpful in case you construct your watch lists strategically (i.e. separated by sector, value vary, timeframe, and so on.). Listed below are the out there filters:

Sources

  • Benzinga Alerts
  • Benzinga Wire
  • Jiji Press
  • Companion Hyperlinks
  • Press Releases
  • SEC Filings
  • Transcript Summaries

Classes

  • Market Transferring Exclusives
  • Analyst Rankings
  • Bonds
  • Commodities
  • Dividends
  • ETFs
  • Earnings/Steerage
  • Exclusives
  • FDA
  • Foreign exchange
  • Futures
  • Sizzling
  • IPOs & Choices
  • Insider Trades
  • M&A
  • Market Updates
  • Information
  • Choices
  • Rumors
  • Brief Sellers
  • Small Cap
  • Startups
  • Inventory Splits
  • Tech
  • Buying and selling Concepts

Sectors (Every of which might be filtered into sectors inside sectors)

  • Primary Supplies
  • Shopper Cyclical
  • Monetary Companies
  • Actual Property
  • Shopper Defensive
  • Healthcare
  • Utilities
  • Communication Companies
  • Power
  • Industrials
  • Expertise

To make this platform as resourceful as doable, select a mix of filters that align together with your buying and selling model (i.e. Analyst Rankings within the Tech Sector).

Buying and selling information streams in actual time and coloration codes tickers and costs based mostly on the day’s value motion (crimson = down, inexperienced = up).

Moreover, you may set quite a lot of notifications and alerts, together with audio information alerts, desktop alerts and e-mail alerts. If you’re a day dealer who’s looking at dozens of charts, stage 2 screens, and scanners all day, the audio alerts are tremendous useful.

News Alerts

Commerce Alerts

The Benzinga Professional newsfeed gives extra than simply information. Additionally, you will have entry to different actionable data associated to dam trades, choices alerts, shares transferring on quantity, and extra.

After all, you may disable these if you would like a pure information platform, however I discovered them to be helpful. It’s also possible to customise these alerts to solely present what you have an interest in.

You’d usually should pay for an choices instrument like Optionsonar or scanner like Equityfeed to get these kinds of buying and selling alerts.

Trade Ideas

Uncommon Choices Exercise

Benzinga Professional prospects can get entry to uncommon choices exercise alerts for an additional $28 per 30 days. This instrument gives real-time alerts for block trades and sweeps. It’s also possible to analyze the alerts in a calendar format to assessment historic exercise.

Audio Alerts

Most day merchants are specializing in ten issues directly. It’s straightforward to neglect a sure window and miss out on an vital transfer. To fight this, Benzinga Professional gives a “squawk field,” which is actually an audio information feed.

The squawk field offers audio information updates in intervals all through the day. It’s not a continuous stream and it positively values the standard of alerts over amount. Consider this stream as CNBC minus the entire fluff. I truly actually like this instrument as a result of it provides a brand new aspect to day buying and selling.

Squawk Audio News

At any given second I’ve a number of inventory buying and selling platforms operating and a minimal of 10 tabs open in my browser. Audio information alerts assist me soak up extra data with out having to open one other window. In addition they be certain that I don’t miss out on any breaking information that will influence the inventory market or the person shares I’m buying and selling. Squawk protection contains:

  • Financial information information
  • Market rumors
  • Earnings information and steerage
  • Press conferences
  • Convention calls
  • And extra

Analysis

Whereas the principle characteristic of Benzinga Professional is unquestionably the superior newsfeed, the platform additionally doubles as a analysis instrument. There are a number of foremost methods I exploit the platform for analysis.

First, you need to use the information search perform to search out related information. You’ll should mess around with quite a lot of searches to search out the data you want however it’s very useful as soon as you work it out (i.e. “purchase” delivered higher outcomes than “acquisition.”)

Search Acquisitions

Second, I exploit the platform to get a fast “snapshot” of a inventory. You’ll be able to flip by means of actual time quotes, firm statistics, charts, financials, and extra. Mainly, it serves as a extra refined Yahoo Finance, on this regard.

Company Overview

Lastly, I exploit the platform to remain on prime of earnings reviews. The platform gives a pleasant earnings calendar that’s straightforward to investigate and kind.

Earnings Calendar

Screener

The Benzinga Professional platform has a built-in inventory screener that permits merchants to search out gainers and losers for intraday or day by day time interval. You’ll be able to filter between gainers and losers and over the previous quarter-hour, half-hour, or day. These outcomes might be filtered even additional based mostly on inventory value, market cap, and sector.

The Benzinga inventory screener updates each minute and outcomes might be filtered by metrics corresponding to % change, quantity, and extra.

The screener is a pleasant instrument to have in one in all your workspaces if you wish to get a broader view of the market. You’ll be able to see the place the motion is and discover essentially the most risky and liquid shares. That stated, the instrument doesn’t actually evaluate to scanners like Commerce Concepts and EquityFeed. It’s extra of a market snapshot than a scanner (and outcomes should not delivered in real-time)

Benzinga Pro Screener

Benzinga Professional Price

Benzinga Professional gives simple pricing plans. You’ll be able to select the “Primary” plan for $99 per 30 days, the “Important” plan for $147 per 30 days, or the “Choices Mentorship” plan for $347 per 30 days. It can save you as much as 34% by selecting an annual subscription. It’s also possible to begin with a free trial to check out the platform.

Benzinga Pro Pricing

If that is your first time signing up for a information streaming service, I like to recommend beginning with the “Primary” plan. Whereas you’ll be restricted in sure regards (i.e. no audio alerts), you’ll save $78 per 30 days and nonetheless have entry to loads of nice instruments. This may even offer you a while to check out the platform and type an opinion.

Extra superior merchants who’ve used streaming information prior to now and focus closely on information and elementary catalysts will most likely desire the “Important” plan. I presently use the “Important” plan and benefit from the further options just like the audio squawk and sentiment indicators. You’ll be able to add uncommon choices exercise alerts to this plan for $27.97 per 30 days.

The “Choices Mentorship” plan is finest for merchants who’re attempting to interrupt into choices buying and selling. It contains entry to a buying and selling chat room led by Nic Chahine and comes with the weird choices exercise add-on.

Benzinga Professional Low cost Code

Use the code “DayTradeReview” to save 25% on any subscription.

What Sort of Dealer is Benzinga Professional Greatest For?

The Benzinga Professional platform is right for intermediate to superior inventory merchants. Newbie inventory merchants will be unable to digest the sheer quantity of knowledge offered by the platform. In the event you’re merely in search of simple commerce concepts, a service like Motley Idiot could be extra applicable.

The platform finest for day merchants who require the “real-time” part of this instrument and incorporate information into their day buying and selling methods. The platform has minimal worth for merchants who focus solely on technical evaluation.

Benzinga Professional is a superb platform for merchants who incorporate information into their day-to-day workflows. That is simply among the best information streaming platforms, and positively the very best browser-based information platform.

How Does Benzinga Professional Evaluate to Different Information Companies?

I’ve examined fairly a number of information streaming companies at Day Commerce Assessment (TheFly, Briefing.com, Tradethenews, and so on.). After finishing my Benzinga Professional assessment, I can confidently say that is my private favourite information service. Most of the different companies I examined felt outdated and clunky. Benzinga Professional gives a clear, easy-to-use platform with the additional advantage of audio alerts all through the day.

The pricing can be truthful. The one query it’s essential to ask your self is, “do I want a standalone information service?” If information performs a giant function in your buying and selling, you may’t go flawed with this buying and selling instrument. At $99-$$177 per 30 days ($79-$117 per 30 days for annual plans), the service could be very pretty priced. After all, if information solely performs a small function in your buying and selling, chances are you’ll desire a hybrid scanner for each information and information (i.e. EquityFeed).

Professionals

  • Nicely-designed platform
  • Customizable newsfeed with nice sources and filters
  • The browser-based platform works on any system and working system
  • Audio alerts are helpful
  • Easy earnings calendar
  • Desktop and audio notifications

Cons

  • The worth distinction between the Primary and Important plan is steep, particularly for merchants who solely need a number of of the Important options
  • Maximizing the worth of the platform requires customization

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