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Foreign Exchange

FX news: City Index upgrades its app

City Index has announced the release of a new version of its iPhone spread-betting and CFD trading application, City Trading. The application was first launched in October 2009 and was claimed to be the first iPhone FX trading app to provide clients with full and secure access to their trading accounts on the go.

The latest iteration is available to download for free from Apple.

Joshua Raymond, market strategist at City Index, says: “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. With the addition of the most powerful live charting package available, as well as newsfeeds from Dow Jones Newswires, we hope that clients will continue to benefit from the most comprehensive mobile dealing offering on the market.”

City Index plans to expand the app to cover Blackberry, Java and Windows Mobile devices soon.

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