Lmax launches smartphone trading app
Lmax, the retail FX and contracts for difference (CFD) trading venue, today announced the availability of the first mobile exchange
The mobile dealing application (app) for trading clients allows users with an iPhone or BlackBerry mobile device to stay updated with the markets, view their LMAX Trader account status, and manage their positions and orders across multiple asset classes.
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LMAX Trader for iPhone and BlackBerry mobile devices enables clients to trade on the move via an easy to navigate interface, allowing for convenient access to their portfolios. The app will be rolled out to other mobile device operating systems in the coming months.
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Hi Ash,
Anyone more interested in API trading with LMAX instead of managing their positions via their mobile might want to take a look at this extremely interesting (and even more entertaining!) video presentation recorded at their Algorithmic Trading conference held in London earlier this year:
http://trading-gurus.com/human-traders-are-an-endangered-species/
Cheers,
Jim
its a pity they lost their chief.. so far they havent created an impact.
Spreads in FX are less than stellar, they need more marketmakers on their platform (they have only 3 at the moment).
Their model with an MTF, where trades actually get matched by themselfs – as opposed to aggregation/routing type of platforms like currenex and so on – is really interesting.
Also thing they need to put in more effort into their trading-frontend if they want to succeed in the retail market, or cooperate with a 3rd party vendor.