ThinkMarkets, a provider of forex, CFDs and financial spread betting, has enhanced its ThinkTrader mobile trading app through the implementation of Neumob’s SDK, an app acceleration framework, to reduce latency for global forex and CFD traders.
ThinkMarkets says mobile app users will see a drastic change in the performance of the platform.
Traders will be able to access the numerous functionalities on ThinkTrader, from reviewing charts and live-market-pricing to placing orders and executing trades, in a much faster manner.
The firm’s analytics and data shows that the ThinkTrader mobile app had a swifter load-speed and quicker interactions between every transaction that was placed, with the results showing that traders in several countries saw a substantial increase in the performance of the app.
Malaysian users benefited by a 42 per cent uptake in speed, thus supporting a low-latency trading environment.
Nauman Anees (pictured), founder and CEO of ThinkMarkets, says: “We are seeing a sharp increase in the number of traders executing trades on the ThinkTrader mobile app, particularly from emerging markets where mobile-networks are traditionally sluggish and congested, however with the technological enhancements ThinkTrader is now considerably faster.”
The mobile-app development supports ThinkMarkets’ international growth and expansion plans. The ThinkTrader mobile app saw a spike in the app’s agility, pace and performance, with faster load times in India increasing by 37 per cent, 25 per cent in both the United Arab Emirates and the UK, and by 20 per cent in China.
Michel Teji, head of product development at ThinkMarkets, adds: “The new solution enhances our existing framework and gives us a profound push into markets with legacy 2G & 3G networks, as well as into those with 4G speeds.”
Neumob CEO Jeff Kim says: "ThinkTrader is a forward-thinking app committed to delivering a high availability, low latency experience for its traders around the world. We're delighted to see the positive impact that Neumob mobile app acceleration is having on ThinkMarkets' customer experience, and on ensuring that traders in Asia, Eastern Europe, the Middle East and elsewhere have a first-rate mobile trading platform they can rely on."
