Demand for multi-device trading
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.
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