Swissquote develops Fast Trade feature to enhance mobile trading experience - FinanceFeeds

Swissquote develops Fast Trade feature to enhance mobile trading experience

The Fast Trade feature enables traders to compute automatically their order based on a template.

Swiss provider of online financial and trading services Swissquote Group Holding SA (SWX:SQN) is making a further step towards enhancing the mobile trading experience of its clients.

The Swissquote team responsible for the development of the company’s mobile applications has responded to traders’ requests with the development of the Fast Trade feature. “Fast Trade” was mentioned by Swissquote when the company announced the launch of its Virtual Reality trading application in February this year. There have been questions from the public with regards to the Fast Trade functionality when the announcement was released and, now, the Swissquote mobile development team has provided some more information.

Fast Trade will allow users of the mobile applications to compute automatically their orders based on a template, where they can set the percentage of their price based on the last price. Apparently, this is set to accelerate the process of placing orders, reduce the odds of a mistake when calculating order parameters and will simplify the trading as a whole.

The Swissquote team says the new development is ready and in a testing phase.

In response to a trader suggesting a similar feature, Swissquote’s mobile development team has proposed to send them an email to mobile@swissquote.ch and to mention he wants to participate in their Early Adopter program.

This version is set to be available in a couple of weeks in the different stores.

Swissquote is the first European bank to launch a VR application. In Japan, GMO Click Securities, a part of GMO Click Holdings Inc (TYO:7177), was the first to roll out a VR application for Forex trading. VR solutions are, of course, fascinating to end-users but they can present a challenge for developers in technological aspect. There is nothing astonishing that upgrades to these applications are rare, as they consume plenty of time and efforts to develop properly.

Swissquote is known for being a pioneer with regards to mobile banking and trading solutions. In June 2015, for instance, Swissquote became the first Swiss bank to roll out a mobile application for Apple Watch.

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