As a lot of the workflow related to trading is automated, RMs can save a number of hours every week. This time can be utilized in offering advice to their clients around the assets they hold rather than around execution. Additionally, reports on execution can highlight how much the client saves when their RMs use an online system.  Its also a big advantage for RMs who may not have additional resources to take care of execution. On the other side, clients are far more likely to trade with the bank as the costs are lower (sometimes banks have to charge extra to place manual trades) and also clients appreciate real time notifications and execution emails. RMs will also have far fewer orders not getting filled because of errors or simply because of logistical issues with manually placed orders.

Watchlists allow you to track the current state of instruments across multiple markets and asset classes. You can have as many watchlists as you like.