LMAX, the CFD trading exchange has released its first mobile application, LMAX Trader.
The new mobile dealing application, LMAX Trader, lets users with an iPhone or BlackBerry stay updated with the CFD markets, view their account status, manage their positions and keep an eye on orders across multiple asset classes.
LMAX Mobile Trading
LMAX Trader enables clients to trade CFDs on the move via an easy to navigate interface, allowing for convenient access to their portfolios.The mobile app will be rolled out to other operating systems throughout the coming months.
LMAX
LMAX provides retail CFD investors with a highly sophisticated but user-friendly platform that seeks to offer traders a “fairer and more transparent alternative” to the more traditional CFD brokers.The LMAX platform is an exchange that brings together institutional buyers and sellers with retail investors in a wide variety of financial instruments on a level playing field.
“Increasing investor sophistication combined with highly mobile lifestyles has meant that more people want to take control of their investment decisions on the go. Therefore they need instant access to financial markets and their portfolios,” says Martin Thompson, Chief Technology Officer of LMAX.
“The LMAX mobile CFD platform offers a neutral and transparent exchange model delivered via market-leading technology. Both aspects are differentiators in a competitive market where investors demand solutions that deliver results.”
The Beginning of LMAX
LMAX Authorised by the Financial Conduct Authority – 27 July 2010LMAX Limited has announced that it has received Financial Services Authority† (FSA) authorisation and plans to launch and operate a multilateral trading facility (MTF) to trade contracts for difference.
Immediately prior to FSA authorisation Goldman Sachs, pursuant to an agreement entered into in 2009, acquired a 12.5% stake in LMAX Limited’s parent company London Multi-Asset Exchange (Holdings) Limited.
LMAX was established by Betfair, the world’s leading sports betting exchange, in 2007, to enter the market for online retail financial trading. Betfair is the majority shareholder in the company.
Address:
LMAX
The Yellow Building
1A Nicholas Road
London
W11 4AN
Also see:
Tradefair gears up for CFD launch – 19 January 2010
Spread betting site Tradefair is building a website for derivatives trading that will propel it into the Contract for Differences (CFD) market.
WhatInvestment.co.uk understands that a new platform – the London Multi-Asset Exchange (LMAX) – will offer broking services as well as training and educational services related to the provision of multi asset broking.
Parent company Betfair has started advertising for business development staff and has registered the LMAX trademark with the Intellectual Property Office.
For the full story see: WhatInvestment.co.uk – Tradefair Gears Up.
† The Financial Services Authority is now the Financial Conduct Authority (FCA).
Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.