LONDON, March 16, 2012 /PRNewswire/ --

Spread betting apps are ideal for accessing the markets wherever you are and whenever you want. The mobile trading app from City Index's 'City Trading™', has won four awards since its launch in October 2009.

As recent as November 2011, the mobile trading app - available to City Index accounts holders using iPhone™, Android and BlackBerry devices - was voted by Shares Magazine's readers as 'the industry's best mobile trading app'.

Growing Number of Mobile Traders

As the industry's first ever live trading app, its continuing success since 2009 could be down to key developments in its mobile trading offering. The introduction of a powerful live charting package sees traders gaining access to multiple technical indicators and live streaming financial news, direct for the Dow Jones Newswires.

Since launching in 2009, the percentage of client trades being placed through their mobile devices has increased from under 2% to 24% (City Index, November 2011).

This rise indicates a shift in trading styles away from over reliance upon generic PC platforms to more innovative, accessible trading technologies; such as the online and mobile trading app.

Joshua Raymond, Chief Market Strategist at City Index, said:  "The [Shares Magazine] award reinforces our commitment to innovative and easy-to-use mobile dealing technologies, which our clients have really embraced over the last two years."

The mobile trading app from City Trading™ offers City Index traders full and secure access to their trading accounts wherever they are, whenever they want; allowing them to trade the opportunity as they see it.

"Mobile trading is the future of our industry and we're delighted to be recognised as the leaders in the space by readers of Shares," adds Mr Raymond.

Mobile Trading Offering

The City Trading™ app allows spread bettors, trading through a City Index account, to trade directly and securely from their mobile phone.

Focussing on the iPhone app, City Index traders can:

• Instantly check the latest prices and market movements 
• Open and close positions
• Access the live streaming charting package and latest financial new from Dow Jones
• Set stop and limit orders including 'if done' and 'OCO' (one cancels other)
• Create new and amend existing orders
• View pending, completed and cancelled orders
• Monitor positions using their unique positions chart
• View and amend multiple Watchlists
• Review trade and order history
• Be confident that all information and transactions are secure

Summary

Spread betting has gained momentum over recent years; one reason could be for the advancement in various trading platforms, such as the mobile trading app from City Trading™.

It is important traders remember that as a leveraged product, spread betting can result in losses greater than your initial deposit. Ensure you fully understand the risks.

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 in over 50 countries. We provide access to a wide range of instruments including margined foreign exchange, CFDs and, in the UK, financial spread betting.

We constantly look to improve the performance of our platforms and expand our range of services. The result is our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/ for details.

SOURCE City Index