GMO Click Updates Android Mobile Apps Portfolio

GMO Click, the biggest Japanese brokerage by trading volumes has just expanded its mobile application portfolio with two new additions. Both new apps are for Android, but cater to different users.

After the initial reluctance from mobile app developers to engage in developing watch applications, things are starting to change with the launch of the Apple Watch this month. While none of the Android Wear devices has picked up material interest from buyers, the Japanese brokerage is aiming to be future-proof.

The other GMO Click addition to the app universe is CFDroid, designed specifically for the needs of users trading assets outside of the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term universe.

CFDroid features customizable watch lists, charts with about 10 indicators and 12 period types. By global standards, the application doesn’t seem like a big breakthrough, however the company claims that it delivers PC-like Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term.

Back to the Android Wear application named FXWatch, which provides real-time notifications and a list of quotes. Users can also set a watch face which includes FX rates.

The need for a watch application on an Android Wear device is questionable at best. The same goes for an Apple Watch, with the difference that the Cupertino company’s device may provide discreet notifications with its haptic engine to the user’s wrist.

Unique app functionality is one of the major unknowns when it comes to the success of the Apple Watch, with a number of analysts pondering why a user would wear the wrist device.