Trading on Mobile Becoming a Reality
On Wall Street, a trading desk used to mean its literal definition. Now, a hedge fund manager’s “trading desk” is her iPad.
On Sunday, TradoLogic – a financial trading platform – announced an upgrade to its binary options trading platform. New features will enable portfolio managers to execute multi-currency trades worth millions of dollars by way of dashboards projected on small Android tablets and mobile smartphones.
Clients, while boarding a flight in London or Tokyo, will be able to trade multiple assets in several currencies using real-time charts. For that matter, a trader in a bathroom stall may one day shake up financial markets with a large exchange. How about a jailed executive languishing in a low security prison?
Influence of Social Media
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Major financial institutions are going where Internet users are spending their time: social media and mobile. On April 29, the former global head of equity trading at Deutsche Bank, Kerim Derhalli, announced that he will soon be rolling out a financial trading platform that incorporates aspects of social networking sites.