LONDON, February 23, 2011 /PRNewswire-FirstCall/ -- It may be in its infancy compared to traditional spread betting and CFD trading platform such as telephone or computer-based methods, but it already looks as though mobile trading is here to stay.
Joshua Raymond, Market Strategist at spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/), recently revealed: "Since the release of City Trading(TM)" - the company's first live spread betting and CFD trading app for the iPhone(TM), launched in October 2009 - "the percentage of total trades placed on our mobile platforms has risen from less than 3% to 15%, which underlines just what an impact [mobile trading] has had on traders' behaviour."
The rise of mobile trading is reflective of modern business. Financial markets can now change incredibly quickly, so traders need reliable, fast access to their accounts in order to keep pace.
After introducing its iPhone spread betting and CFD trading function in October 2009, City Index was voted 'Best Mobile Trading Platform' at the MoneyAM Online Finance Awards 2010. The company has now launched its mobile trading app across Blackberry, Android, Java and Windows platforms - and recently released an updated version of its original iPhone app.
The new version of the City Trading(TM) app ( http://www.cityindex.co.uk/Installing-City-Trading-4.1.aspx) features a bespoke live charting package developed internally by City Index's team of mobile trading technology experts. The enhanced spread betting and CFD trading app also includes exclusive live news feeds from Dow Jones Newswires.
"With the addition of the most powerful live charting package available, as well as newsfeeds from Dow Jones Newswires, we hope that clients will continue to benefit from the most comprehensive mobile dealing offering on the market," stated Mr. Raymond.
Finally, though he believes mobile dealing to be the future of trading, Joshua Raymond is keen to point out that such advances in technology do not make the basics of their spread betting and CFD trading any less important. "[The] more you look at prices moving, the higher the potential for you to make impulse trades without proper research and analysis. Make sure you have carefully analysed your market before trading, regardless of whether you execute your trades via a mobile, online or phone."
To learn more about mobile trading at City Index, visit:
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
Apple, the Apple logo, iPod, iPod touch, and iTunes are trademarks of Apple Inc., registered in the U.S. and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.
About City Index Group
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 in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, binary betting, CFD trading (http://www.cityindex.co.uk/cfd-trading/) and, in the UK, spread betting (http://www.cityindex.co.uk/spread-betting/).
We constantly look to widen the range of assets we offer, 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 with transparent pricing, competitive spreads, and a high standard of customer service and support. For more information, visit http://www.cityindex.co.uk/
SOURCE City Index