City Index has announced the release of a new version of its iPhone spread betting and CFD trading application, City Trading.

The application was first launched in October 2009 and was claimed to be the first iPhone FX trading app to provide clients with full and secure access to their trading accounts on the go.

The latest iteration is available to download for free from Apple.

Joshua Raymond, market strategist at City Index, commented, “Since the release of City Trading, the percentage of total trades placed on our mobile platforms has risen from less than 3% to 15%, which underlines just what an impact the City Trading app has had on traders behaviour.

“With the addition of the most powerful live charting package available, as well as newsfeeds from Dow Jones Newswires, we hope that clients will continue to benefit from the most comprehensive mobile dealing offering on the market”.

City Index plans to expand the app to cover Blackberry, Java and Windows Mobile devices soon.

For more details about an account see City Index.

Contracts for differences (“CFD”) trading and spread betting carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.

Commentary by City Index.

This material should not be construed in any circumstances as a recommendation or offer to sell or recommendation or solicitation of any offer to buy any security or other financial instrument by City Index Limited (“City Index”) or Online-Spread-Betting.com, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. The material is not a personal recommendation and you should seek independent advice as to your suitability to speculate in any related markets..

City Index is a spread betting and CFD provider and is authorised and regulated by the Financial Services Authority (no. 113942) whose head and registered office is Park House, 16 Finsbury Circus, London EC2M 7EB (Registered in England and Wales, no. 1761813).