IG Index Expands Into Android Market |
IG Index, the leading UK spread betting provider, has just launched a version of its trading platform to Android-enabled phones. The company was providing trading for iPhone since the summer of last year but was lacking an application to fit the growing android market.
Until now, IG clients using an Android phone had to use a browser to access trading and the features available were limited. With this new application, they can now access all features already available for iPhone: check live prices; trade in all markets; create watch lists; consult market stats; create stop and limit orders; monitor open positions at a glance; check real time balance, profit and loss and margin requirements; access Reuters news; visualise charts.
According to IG Index, 25% of its clients already trade on a mobile device. The boom started with the iPhone popularity but the market is expanding quickly to Android-enabled devices. The research firm Gartner showed that Android-powered devices represented 36% of worldwide smartphone sales in the first quarter 2011, up from 9% last year. Tim Hughes, managing director of IG Index recognises the importance of being in this market from the beginning.
“Before the iPhone was launched, we did have mobile trading platforms available for Nokia, BlackBerry and other smartphones – and these had been available for a number of years… But since our iPhone launch, mobile trading volumes have more than doubled and now about 10 per cent of trades across all platforms come from an iPhone. It was only last summer we launched the iPhone App for spread betting clients and the response has been phenomenal. We are expecting a similar impact for the Android app”, commented Tim Hughes.
Clients can access the Android market and install IG index application in their phones to start trading.
