Demand for multi-device trading

online-trading/mobile/technology/

7 December 2015
| By Jassmyn |
image
image image
expand image

Demand and revenue from online trading retail clients using mobile and tablet devices will continue to grow, according to Saxo Capital Markets.

The Australian subsidiary of online trading specialist Saxo Bank, found 50 per cent of its Asia-Pacific region trading volume and revenue is being generated by retail traders through its multi device and multi-asset trading platform, SaxoTraderGO.

Saxo Capital Markets Australia chief executive, Anthony Griffin, said access to more markets through one platform and one account was resonating with both local and global traders.

"Over 20 per cent of our global revenue from our retail clients is from mobile and tablet devices, and we believe this figure will continue to grow," Griffin said.

"Three-quarters of all our trades and orders come from traders who use multiple devices to trade."

Saxo said according to a recent Investment Trends contracts for difference (CFD) report, 42 per cent of active CFD traders looking to switch say access to direct equities from the same account would be very important.

It also found 61 per cent of those intending to start trading in the next 12 months said access to equities within their CFD trading platform is one of the most important features when selecting their future provider, ahead of price.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 20 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5