By Martin Eriksson Covestor just got a whole lot better. Since we first started building Covestor, we've wanted to make the experience the best in the industry. We always wanted that experience to be as real-time as possible, but it proved to be fiendishly complex …
Since we first started building Covestor, we've wanted to make the experience the best in the industry. We always wanted that experience to be as real-time as possible, but it proved to be fiendishly complex to update the vast amount of data required to run Covestor in a timely manner while maintaining the quality and accuracy you've come to expect from us. Well, I'm delighted to announce that we've cracked it! Thanks to the diligent efforts of our engineering team, today we're launching two of our clients' top requests: allowing you to invest and redeem portfolios in near real-time throughout the day, and revamping the dashboard to update continuously.
More on each upgrade:
The biggest news is that we now process your investment or redemption instructions in near real-time throughout market hours, generally in under a minute (Instructions placed outside market hours will be processed at the next market open to ensure the accuracy of the replicated trades). No more waiting for the next market open — giving you much greater confidence that you can buy or sell when it's most convenient for you, and when you believe it's most advantageous to do so. Second, the improved account dashboard (preview example shown below) will give you the same data as it always has, but now, it will update continuously throughout the day, so you can keep an even closer eye on your balance and performance. Of course, there's still a fully reconciled view as of the previous day's close under your portfolio tab that takes into account corporate actions and other complexities.