The technological race for usability has only just begun, however there are already concerns over changes in behaviour as traders switch to the immediacy of mobile devices.
In 2009, City Index led the mobile trading market with their award winning iPhone spread betting app. The provider also won the 2011 Shares Award for Best Mobile Trading Application for their City Trading app, which allows traders to spread bet and trade CFDs instantly and securely in real-time, 24-hours a day.
Forecast as the year of mobile trading, 2012 has already seen an increase in the number of traders spread betting [http://www.cityindex.co.uk/spread-betting ] via their Smartphones and now with the number of tablet devices on the rise, providers are in an apps race to sign as many new clients as possible.
Joshua Raymond of City Index revealed that the percentage of trades placed on mobile devices compared to total trades has increased dramatically from 2% to almost 25% whilst today, one in three City Index clients are actively using their mobiles to trade.
"While mobile trading can offer substantial advantages, it can also tempt traders to deviate away from their original strategies with trades of impulse." Said Raymond.
Meanwhile, Google usability studies have revealed that tablets are changing the way that users engage with content. A study conducted on April 7, 2011 found that tablet users were 41% more likely to watch video and access educational resources than with their Smartphones.
Hardly surprising, then, that spread betting providers are busy developing their own tablet-specific trading platforms. It is a battle between providers to develop the best trading platforms and not only win as many traders as possible, but keep them as well.
With many spread betting providers also supplying traders with a wide range of free, interactive, educational resources online, tablet devices could decide who truly triumphs in this new technological cyberspace race.
Will apps be the smartest way to trade? Only time will tell.
Spread bets [http://www.cityindex.co.uk/spread-betting ] and CFDs [http://www.cityindex.co.uk/cfd-trading ] are leveraged products which can result in losses greater than your initial deposit.
For more information on how to spread bet [http://www.cityindex.co.uk/spread-betting/how-to-spread-bet.aspx ], visit City Index who offer a variety of online tutorials and free trading apps for iPhone, Blackberry, Android and other mobile devices.
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 for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, spread betting.
Visit http://www.cityindex.co.uk to learn more about online trading.
Source: City Index