CMC Markets Asia Pacific head Matt Lewis said the shift towards mobile trading continues unabated, with an increasing number of the firm’s Australian clients using CMC Markets’ iPhone, iPad and Android apps to trade and track the progress of trade.
Mr Lewis said the upgrade delivers “simplified menu navigation, streamlined functionality” and a design more in line with CMC Markets’ desktop trading platform.
Mobile traders will also be able to access fundamental equity reports released by Morningstar, according to CMC Markets.
“The number of mobile traders will continue to increase throughout 2015, underpinned not only by recovering markets and investor confidence but also by the improvements in mobile technology,” said Mr Lewis.
CMC Markets said based on data supplied by Investment Trends in 2014, 33 per cent of frequent traders now use a smartphone or tablet as their main means of trading.
This was double the amount of the previous year, according to the research.
The report also found 78 per cent of frequent traders were more likely to use a mobile platform than a desktop while the number of mainstream traders now trading via a mobile app has risen from 15 to 17 per cent.
Craig Inglis, co-head of product development at CMC Markets, said approximately 40 per cent of the firm’s total global business is transacted via its mobile platforms and 20 per cent of its clients trade exclusively through a mobile app.
“When planning our latest upgrade, we spoke directly to active traders to ensure we focused on the right areas and identified how the general usability experience could be optimised,” said Mr Inglis.
