LMAX, a retail FX and contracts for difference (CFD) trading venue, announced the first mobile exchange with the launch of LMAX Trader for iPhone and BlackBerry mobile devices.
The mobile dealing application for trading clients allows users with an iPhone or BlackBerry mobile device to stay updated with the markets, view their LMAX Trader account status, and mange their positions and orders across multiple asset classes.
LMAX said it provides the retail FX and CFD investor with a sophisticated but easy to use neutral platform that seeks to offer traders a fairer and more transparent alternative to competitors’ offerings.
LMAX is a multi-lateral trading facility (MTF), as defined in the Markets in Financial Instruments Directive (MFID). According to the company, the platform is an exchange that brings together retail and institutional buyers and sellers in a wide variety of financial instruments on a level playing field.
Martin Thompson, Chief Technology Officer of LMAX, commented: “Increasing investor sophistication combined with highly mobile lifestyles has meant that more people want to take control of their investment decisions on the go and therefore need instant access to financial markets and their portfolios. Our platform offers a neutral and transparent exchange model delivered via market-leading technology, both key differentiators in a competitive market where investors demand solutions that deliver results.”
The LMAX Trader app is available free for download from a Blackberry mobile device or iPhone, and from BlackBerry App World, and the Apple App Store. Accessing an account via a mobile device requires an account to be opened with LMAX Trader.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio