Trading Forex Using the Latest Technology Improving Market Volumes?
17 Apr, 2012, 02:00 ET
LONDON, April 17, 2012 /PRNewswire/ --
An improvement in trading technology across online and mobile platforms could be the reason for the latest figures showing a rise in trading volume within the US $4 trillion-a-day forex market.
Forex trading provider City Index first released its mobile trading application, City Trading, back in 2009 and just recently launched its FX specific app called City Trading FX.
Such developments as these mirror The Wall Street Journal's story on how currency brokers, catering to retail forex investors, almost doubled their share of trading volume in the forex market last year.
Quicker, Easier, Cheaper
Trades placed by retail forex investors, such as those trading forex with City Index, accounted for 18% of the forex market's volume in 2011 - an 8% improvement on the previous year, according to an annual survey by Greenwich Associates.
Former investment banker, Peter Pham, told The Wall Street Journal: "Ten or 12 years ago, if you wanted to place a trade, you would have to speak to a broker, and sometimes that would mean missing moves."
Pham goes onto say that 'better technology means there is a wide range of online brokers vying for business, making it quicker, easier and cheaper to place bets'.
City Index Trading Platform
Retail investors can trade on forex price movements across a range of professional trading platforms from City Index.
By accessing your account through the downloadable, online, iPhone, Android Mobile or Tablet platforms - you can trade how you want to, from wherever you are and whenever you want.
The Advantage Trader platform is the downloadable trading platform from City Index.
Having been specially created for professional forex traders, you can utilise a range of expert trading tools and resources in order to benefit from a more thorough and informative forex trading experience.
Advantage Web is the online forex trading platform from City Index.
Place and monitor trades from your browser, whilst accessing live prices and checking the status of your current position.
Receive account access fully and securely, 24-hours a day.
Trading forex with City Index offers multiple benefits to retail investors including the latest trading tools and resources, as well as a range of professional trading platforms.
Remember to limit potential losses through a comprehensive trading strategy, employing risk management tools whilst trading and analysing your chosen currency pair fully.
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 in excess of 1.5 million trades every month in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.
SOURCE City Index
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