Benzinga Pro Review – Real-Time Stock Market News Platform

About Benzinga Professional

Benzinga Professional is a real-time market information feed launched by Benzinga. Benzinga is a well known market information supply based in 2010 by Jason Raznick. Whereas the primary Benzinga website operates as a inventory market information supply (just like CNBC or MarketWatch), Benzinga Professional operates as a information platform designed for fast-paced merchants and traders who want entry to the correct info on the proper time.

Maintain studying our Benzinga Professional overview to search out out if that is the correct monetary information platform for you.

Benzinga Professional Platform Options

Benzinga Professional is a web-based platform that works nicely on each Home windows and Mac computer systems. The interface is easy, environment friendly, and easy-to-use. General, it’s among the finest net platforms we’ve examined.

Benzinga Professional’s goal is to ship info as rapidly as doable. It gives a real-time information feed with a number of useful instruments for merchants. Let’s check out among the platform’s options earlier than we overview the standard of the information itself.

Workspaces

Benzinga Professional permits merchants to create a number of workspaces. Consider these as tabs inside the browser window. You should utilize workspaces to arrange Benzinga Professional’s totally different modules or manage information searches round totally different industries. For instance, you may have a information feed workspace, a screener workspace, and a watch listing workspace. The workspaces make it very straightforward to maintain your workspace (pun supposed) organized.

Break up Display screen

Every workspace will be additional organized by splitting content material into totally different display areas (i.e. halves or quarters). You may have as much as 4 screens in every workspace, which will be useful for energetic merchants with much less display actual property. Even if in case you have a number of displays, it’s undoubtedly extra environment friendly to separate the screens.

Separate Home windows

One factor I actually like about Benzinga Professional’s platform is that it lets you open modules as their very own home windows. While you open a brand new module, you may select to open it inside the workspace or as a brand new window. As soon as once more, that is nice for conserving display actual property.

For instance, you may have one workspace that you just use to show charts, fundamentals, and company-specific information. You may also have a separate window for Benzinga Professional’s streaming information feed. That means, the streaming information is at all times current in your display as its personal window. The workspace is open in a tab which you could rotate out and in of.

Themes & Settings

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

You may also change the textual content measurement and headline top for additional customization.

Actual-Time Information

The principle characteristic of Benzinga Professional is its capacity to ship real-time information. The platform is designed to assist merchants get entry to market-moving monetary information as quickly because it breaks. That stated, the device is greater than only a easy newswire. It additionally gives commerce alerts and an audio squawk field.

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

Let’s take a better look.

Information Feed

Benzinga Professional’s information feed is on the coronary heart of this platform. For the value, that is undoubtedly one of many higher real-time information streaming instruments out there.

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

The important thing to market information is actionability. You need to have the ability to discover actual time tradable information with ease. Day by day dealer has their very own distinctive type of inventory buying and selling. For those who use the “straight out of the field” settings, you’ll be overloaded with info. There are tons of various information alerts and plenty of gained’t be related to your buying and selling type.

Benzing Professional lets you change your information feed settings to filter what seems. You may filter headlines based mostly on sources, classes, and sectors. You may also select to create information feeds to your personal inventory watch lists, which will be notably helpful in case you construct your watch lists strategically (i.e. separated by sector, value vary, time-frame, and so forth.). Right here’s a whole listing of the out there filters:

Sources

Benzinga Indicators

Benzinga Wire

Jiji Press

Accomplice Hyperlinks

Press Releases

SEC Filings

Transcript Summaries

Classes

Market Transferring Exclusives

Analyst Rankings

Bonds

Commodities

Dividends

ETFs

Earnings/Steering

Exclusives

FDA

Foreign exchange

Futures

Scorching

IPOs & Choices

Insider Trades

M&A

Market Updates

Information

Choices

Rumors

Quick Sellers

Small Cap

Startups

Inventory Splits

Tech

Buying and selling Concepts

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

Primary Supplies

Shopper Cyclical

Monetary Providers

Actual Property

Shopper Defensive

Healthcare

Utilities

Communication Providers

Power

Industrials

Expertise

To make this platform as resourceful as doable, select a mix of filters that align together with your buying and selling type. For instance, you a tech-focused dealer may wish to see headlines associated to Analyst Rankings within the Expertise sector.

All headlines seem within the information feed in real-time. Tickers and costs are color-coded based mostly on the day’s value motion (pink = down, inexperienced = up).

You may set a wide range of notifications and alerts, together with audio information alerts, desktop alerts, and e mail alerts. For those who’re a day dealer who spends the day looking at dozens of charts, stage 2 screens, and scanners, the audio alerts are tremendous useful for calling consideration to breaking headlines that matter.

Commerce Alerts

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

In fact, you may disable these alerts if you need a pure information platform. Nonetheless, we discovered them to be helpful and so they don’t overwhelm the information feed. You may also customise these alerts to solely present what you have an interest in.

The alerts make Benzinga Professional particularly engaging to merchants who wish to monitor uncommon choices quantity. You’d usually must pay for an choices scanning device like Optionsonar or Equityfeed to get all these buying and selling alerts.

Uncommon Choices Exercise

Benzinga Professional clients can get entry to uncommon choices exercise alerts for an additional $28 per thirty days. This device gives real-time alerts for block trades and sweeps. You may also analyze the alerts in a calendar format to overview historic exercise.

Audio Alerts

Most day merchants are specializing in 10 issues without delay, so it’s straightforward to neglect your information feed and miss out on an necessary transfer. To stop this, Benzinga Professional gives a “squawk field,” which is basically an audio information feed.

The squawk field supplies audio information updates in intervals all through the day. It’s not a continuous stream and it undoubtedly places high quality of alerts over amount. Consider this stream as CNBC minus all the fluff.

We actually like this device as a result of it frees up day merchants to deal with different issues whereas letting them keep tuned into breaking information. Audio information alerts may also help you take in extra info with out having to open one other window. Additionally they be sure that you don’t miss out on any breaking information which will affect the inventory market or the person shares you’re buying and selling.

Squawk protection consists of:

Financial knowledge information

Market rumors

Earnings information and steering

Press conferences

Convention calls

And extra

Information Desk Chat

One particularly distinctive characteristic Benzinga Professional gives is the power to talk with the information analysts who write the headlines that seem within the information feed. For those who see a inventory make a transfer and wish to know what’s occurring, you may ask the information desk for info.

They could have the ability to level you to a headline straight away. But when not, the analysts will make a couple of calls to search out out what’s occurring and get again to you in a couple of minutes with a proof. It is a neat solution to get “insider” details about doubtlessly tradeable strikes in a inventory.

Analysis

Whereas the primary characteristic of Benzinga Professional is unquestionably the superior information feed, the platform additionally doubles as a inventory analysis device. There are a couple of principal methods you should utilize the platform for analysis.

First, you should utilize the information search perform to search out information that’s related to the shares you wish to commerce. You’ll must mess around with a wide range of search phrases to search out the knowledge you want, but it surely’s very useful as soon as you work it out. For instance, we discovered that “purchase” usually delivers higher outcomes than “acquisition.”

Second, you should utilize Benzinga Professional to get a fast snapshot of a inventory. You may flip via real-time quotes, firm statistics, charts, financials, and extra. Mainly, it serves as a extra refined model of Yahoo Finance.

Lastly, you should utilize the platform to remain on prime of earnings studies. The platform gives a pleasant earnings calendar that’s straightforward to research and kind.

Inventory 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 may filter between gainers and losers and over the previous quarter-hour, half-hour, or day. These outcomes will be filtered even additional based mostly on inventory value, market cap, and sector.

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

The screener is a pleasant device to have in considered one of your workspaces if you wish to get a broader view of the market. You may see the place the motion is and discover probably the most unstable and liquid shares. That stated, the device doesn’t actually examine with devoted scanners like Commerce Concepts and EquityFeed. It’s designed extra to supply a market snapshot than that will help you discover actionable commerce concepts.

Benzinga Professional Price

Benzinga Professional gives simple pricing plans.

A free plan permits you to take Benzinga Professional for a take a look at drive. You may get authentic information reporting from Benzinga’s information desk, however you may’t entry filters. As well as, all quotes are delayed by quarter-hour.

The Primary plan prices $27 per thirty days. Quotes are nonetheless delayed, however you get full entry to the information feed and primary information filters. You may also chat with Benzinga’s information staff and get entry to Benzinga premium articles.

The Important plan prices $197 per thirty days or $1,997 per yr. It provides real-time quotes, audio squawk, and commerce alerts. It additionally lets you filter the information feed by metrics like value change and quantity.

The Choices Mentorship plan prices $457 per thirty days or $4,572 per yr. It offers you entry to Benzinga’s choices buying and selling chat room and entry to an uncommon choices exercise scanner.

You may check out any of the paid plans free for 2 weeks.

If that is your first time signing up for a information streaming service, we suggest beginning with the Primary plan. Whereas you’ll be restricted in sure regards (i.e. no audio alerts), it’s fairly reasonably priced and also you’ll nonetheless have entry to a number of nice instruments. This will even provide you with a while to check out the platform and kind an opinion.

Extra superior merchants who’ve used streaming information previously and focus closely on information and basic catalysts will most likely desire the Important plan. You may add uncommon choices exercise alerts to this plan for $27.97 per thirty days.

The Choices Mentorship plan is finest for merchants who’re attempting to interrupt into choices buying and selling. The chat room is useful, but it surely’s value contemplating whether or not you’d be higher served with an choices technique device like OptionStrat.

Benzinga Professional Low cost Code

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What Kind of Dealer is Benzinga Professional Greatest For?

The Benzinga Professional platform is right for intermediate to superior inventory merchants. Newbie inventory merchants could not have the ability to digest the sheer quantity of data that this platform supplies. For those who’re merely searching for simple commerce concepts, a service like Motley Idiot can be extra acceptable.

Benzinga Professional particularly targets day merchants who want real-time information headlines delivered as rapidly as doable. It’s simply among the finest information streaming platforms for merchants and undoubtedly the perfect browser-based information platform.

For those who don’t incorporate information into your day buying and selling technique – for instance, in case you’re solely targeted on technical evaluation – then Benzinga Professional doubtless gained’t have a lot worth for you.

How Does Benzinga Professional Examine to Different Information Providers?

We’ve examined fairly a couple of information streaming providers at Day Commerce Overview (TheFly, Briefing.com, and Tradethenews, to call a couple of). After finishing our Benzinga Professional overview, we are able to confidently say that is our favourite real-time monetary information service. Most of the different providers we’ve examined really feel 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 honest. The one query it’s worthwhile 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 device. At $27 per thirty days for the Primary plan, the service may be very pretty priced. In fact, if information solely performs a small function in your buying and selling, it’s possible you’ll desire a hybrid scanner that gives each knowledge and information, corresponding to EquityFeed.

You may try a few of our in-depth Benzinga comparisons beneath:

Execs

Properly-designed platform

Customizable information feed with nice sources and filters

Browser-based platform works on any machine and working system

Audio alerts are nice for merchants who’re targeted on different screens

Easy earnings calendar

Desktop and audio notifications

Cons

Steep value distinction between Primary and Important plans

Plenty of customization required to get probably the most out of the platform