LONDON, August 9, 2011 /PRNewswire/ --
Mobile spread betting is booming. The Investment Trends 'Trading Behavior Report' shows over 70% of spread bettors and CFD traders currently use or plan to use smartphones for trading. This is undoubtedly led in part by the range of spread betting apps available. Leading the way in this area is spread betting provider City Index, whose spread betting iPhone app City Trading™ has been sweeping the industry awards. Since its launch, it has been voted 2010's "Best Mobile Trading Platform" by readers of both MoneyAM and Shares Magazine. It was also given the 'FT and Investors Chronicle Innovation of the Year' Award.
The spread betting and CFD trading provider has since released an updated version of City Trading™, including a comprehensive live charting package and newsfeeds from Dow Jones Newswires.
Though awards are always an encouraging sign, the real measure of success for any new trading technology lies in how the trading public embrace it. Joshua Raymond, Chief Market Strategist at City Index, states: "Since the release of City Trading™, the percentage of total trades placed on our mobile platforms has risen from less than 3% to 15%, which underlines just what an impact the City Trading™ app has had on traders' behaviour."
Find out more about City Trading™ here: http://www.cityindex.co.uk/trading-platform/accessing-city-trading.aspx
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
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About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact over 1.5 million trades in 50 countries every month. We provide access to a range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.
We constantly look to improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools, competitive spreads, and a high standard of customer support. Learn more about City Index mobile trading at http://www.cityindex.co.uk/
SOURCE City Index