With SMSFs in mind, online trading platform CMC Markets has upgraded its mobile trading applications.
Matt Lewis, head of CMC Markets Asia Pacific, 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.
“Our mobile solution gives SMSF investors the freedom to be across their portfolio from wherever they are during the course of the day. Additionally, some SMSF trustees may choose to put on a trade via their desktop and track the progress of that trade via tablet or mobile, giving busy or time-poor investors the freedom they need,” CMC Markets' head of stockbroking, Andy Rogers, told SMSF Adviser.
CMC Markets said that 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.
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