LONDON, August 24, 2011 /PRNewswire/ --
Award-winning financial trading provider City Index (http://www.cityindex.co.uk/) launched City Trading™, its mobile spread betting and CFD trading app for iPhone™, back in 2009. Two years on, the complexion of financial trading has changed greatly.
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."
This increase is echoed across the whole financial trading industry. The Investment Trends 'Trading Behavior Report' shows over 70% of spread bettors and CFD traders currently use or plan to use smartphones for trading.
City Trading™ has picked up its fair share of industry awards since 2009. It was voted "Best Mobile Trading Platform" by readers of MoneyAM in 2010 and again in 2011. It has also been awarded the prestigious "FT and Investors Chronicle Innovation of the Year" accolade.
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:
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.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Find out more at http://www.cityindex.co.uk/
SOURCE City Index