SINGAPORE, Aug. 7,
2012 /PRNewswire-Asia/ -- CMC Markets( http://www.cmcmarkets.com.sg ),
one of the leading providers of CFD trading, has responded to
increasing customer demand for mobile trading with the launch of an
Android trading application for CFD and Forex traders, to
complement its existing iPhone and iPad trading platforms.
Research conducted by Investment Trends found that in 2011 a
third of CFD( http://www.cmcmarkets.com.sg/cfd-trading )
and Forex traders were using smart phones and/or tablets for
trading. The research also found that another circa 50% plan to use
mobile technology in 2012.
Android is currently the biggest challenger to iPhone, which is
currently used by 20% of CFD traders. Over the next 12 months
however, Investment Trends expects that the use of iPhone will more
than double and that 23% of the CFD trading( http://www.cmcmarkets.com.sg/cfd-trading )
community in Singapore will use
Android apps.
"We concentrated on launching our iPhone and iPad apps first as
the majority of our traders are using this platform for their
trading. However, take up of Android smartphones collectively among
the various brands cannot be ignored as we have seen that this
platform has been increasingly adopted by the trading community",
said Gavin Ward, Director ofAsia at CMC Markets.
The new Android app gives CFD and Forex traders instant access
to world markets from any mobile phone running an Android operating
system. The Android app includes:
-- Product library: a straightforward filter system allowing
traders to analyse any product's performance and volatility within
any market
-- Factsheets: to provide traders with the margin requirement
and spread for a product, background information, real time Dow
Jones news and price action all in one chart
-- Watch lists: allowing CFD traders to create and manage their
own customised watch lists. Traders can create as many watch lists
as they like synchronised across all CMC Markets' trading
platforms
-- Order tickets: packed with the same functions as the web
platform, this allows traders to place trades, set stop losses,
trail stop losses as well as take profit levels and even show exact
margins put forward
The Android app includes most features of CMC
Markets( http://www.cmcmarkets.com.sg )
trading platform, including the ability to trade companies
(shares), indices, currencies and commodities across Asian and
international markets using a single trading account.
CMC has also recently upgraded its iPhone and iPad apps. Key
features include price alerts with push notifications, performance
values, insights, and a new order ticket to match the web
platform.
SOURCE CMC Markets