BidFX, a cloud-based provider of electronic foreign exchange 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.
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