Desktop Trading Still Overshadows Mobile, Our New Industry Index Shows
After aggregating thousands of data fields, our Intelligence unit sheds light on some of the most crucial trader trends.
If you thought that everyone is only trading on the go these days, you are in for a surprise. Almost three quarters (73.7%) of online trades are still being made on desktop systems, according to the latest Finance Magnates data. However looking at the trend, it seems that mobile has been gaining market share slowly, increasing by about 1% since March, both in Japan and internationally.
This introductory article is offering just the first taste of a series of publications that will present samples from the traffic indices – a new cross-industry benchmark, created with a methodological formula that matriculates data from three main sources: brokers’ trading volumes, brokers’ traffic data, and insider information.
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In today’s business world big-data analysis and access to objective information sources are crucial to success. Unfortunately, until now it has been very hard and costly, if possible at all, to find any reliable benchmarks for operations in social, FX and CFDs trading.
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For this reason the Finance Magnates Business Intelligence Department has launched a new project of creating a set of monthly indices encompassing various aspects of the online trading industry. These indices will provide you with unique data points gathered by our analysts, that will serve as a valuable knowledge base for your decision making.
This move will also help us to achieve our mission of offering high-end data-driven information. As we always say, content is king, but data is your ace in the hole!
Follow our Finance Magnates BI indices publications in the upcoming weeks.
Want to learn more about the services provided by Finance Magnates Intelligence department? Email: mpearl@financemagnates.com
Interesting research ! But not a surprise.
It becomes every year more difficult to trade the markets – you cannot as discretionary trader use a smartphone, you need a full multi screen platform and development environment. More data need to be analyzed, custom development, big data etc.
You need a desktop or cloud desktop operation in order to use automation platforms (and keep it proprietary).
mobile apps are pretty limited….you can just view and place or close some manual trades. But you can’t scale on mobile app….not on the level of an algo.