The online share dealing service from the Halifax is adding a tool to its website that assesses the ...
The online share dealing service from the Halifax is adding a tool to its website that assesses the comparative riskiness of stocks.
The risk ratings on the internet service, which is third in terms of size as measured by trading volume to Charles Schwab and Barclays, is to be launched early next year.
It will be provided by Risk Metrics using its RiskGrades product, which is a scale of standard volatility scores used to measure the risk of an individual asset or a portfolio of assets ' in this case, a share or portfolio of shares. The tool works by calculating historic volatility of a share price. Recent price history is given a more significant weighting in the calculation than older price movements.
Sue Concannon, managing director of Halifax Share Dealing, said the measure was one of a series of value-added tools that were under development, designed to help investors make the most of online dealing.
She said: 'We are looking to provide our users with useful and concise data to help them with decisions. Risk Metrics fits into that category. It is all about looking at what our existing clients want from the service.'
The move comes as Abbey National starts slashing charges on small trades.
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