BidFX Upgrades Mobile App to Boost Remote Trading

BidFX, a Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based provider of electronic foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trading solutions, today announced a major upgrade to its mobile app to meet growing demand from market participants to securely manage and trade their spot FX, forward and NDF positions when working remotely.

The latest version of the app enables traders to track and amend orders originally entered into office desktop computers via their mobile phones, according to the firm.

BidFX stated that this enhancement comes at a welcome time for the industry, as certain financial institutions finalise plans to move some staff back to a COVID-19 safe office environment, while others continue to work remotely.

Other new features include standard tenors and broken dates, the ability to create and amend stop orders, and the capability to change limit orders so remote traders can keep up to speed on how close they are to executing a trade.

Covid-19 challenges

“This unprecedented health crisis is splitting office and remote working. As some of the worlds largest financial institutions adjust their working practices to fit this new environment, it is imperative FX technology keeps apace. This latest version of our app provides traders with the full desktop FX trading experience directly from their mobile,” Alan Dweck, chief operating officer at BidFX, said.

"The ability to work orders on the go is an invaluable tool to our traders through these unprecedented times. Thanks to this latest version of the BidFX mobile app, we can continue to perform at an optimum," Marko Stanojevic, vice president of NDF trading at Dax Partners, added.

The latest version of the BidFX mobile app is available now.