PRN: Spread Betting App From City Index Sees Mobile Trading Numbers Grow
Spread Betting App From City Index Sees Mobile Trading Numbers Grow
LONDON, August 11, 2011 /PRNewswire/ --
Financial spread betting provider City Index (http://www.cityindex.co.uk/) has found unparalleled success in mobile trading. Since its launch in 2009, City Trading™, the company's mobile trading app for the iPhone™, has been awarded the 'FT and Investors Chronicle Innovation of the Year' title as well as 'Best Mobile Trading Platform' by MoneyAM and Shares Magazine.
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."Â
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:
Company Codes: Bloomberg:1568010Z@LN