MarketSimplified, a provider of mobile platforms for the financial services sector, has claimed that 5-7 per cent of their clients transactions are now carried out on mobile. 

The company says that its trading statistics demonstrate the growing momentum and demand for mobile trading applications for financial markets.

The company also estimates that, of the traders that access their account through mobile devices, 15-17 per cent now conduct the majority of their trading on the mobile platform. As of May this year, the company says that 350,000 traders were using MarketSimplifieds mobile platform. 

“The usage and trading volumes on the MarketSimplified platform demonstrate the growing popularity of mobile applications for trading in financial markets,” says Venkat Rangan, co-founder and CEO of MarketSimplified. “Increasingly, online traders are going mobile for the convenience and ability to trade, invest, and check information on demand and this is a trend that we forecast will continue to increase rapidly as technology migrates from the desktop to the mobile device.” 

MarketSimplified has reported a year-on-year growth of 150 per cent in the number of trades conducted on its platform.