As mobile apps have penetrated almost every industry, the financial and stock sector is no exceptions. Traders and brokers are betting big on mobile devices due to the unstoppable rise of users, now millions. And even though most traders have been using mobile apps for a long now, the possibilities to innovate and earn on broker apps. So, a trading app like E-Trade or Stash could be your path to glory.
Mobile trading apps can be not just about news feed and conducting trades, but the whole trading experience on mobile. One could build an app with various trading tools, multiple types of bids, charts, data research, and more. Already established financial apps like TD Ameritrade, E-Trade Mobile, Fidelity, OptionsHouse Mobile, Interactive Brokers are ice-breaking examples.
Investors, brokers, and other active participants of the stock market have already been using the latest achievements of the web and mobile technologies in their practice. A good solution is the E-Trade application, a worthy example of stock market app development. And E-Trade is by no means the only one of its kind. Moreover, there is no perfect trading app yet. Maybe you’ll be able to create it? If you’re willing to make it a try, just follow the guidelines of our article which explains how to build a trading platform like E-Trade (or a better one). We’ve made our best to compartmentalize the issue thoroughly and sort out all the details that matter.
What is a trading app?
In general, it’s all quite clear: applications and websites are designed to make life easier for a modern person whatever he is doing at the moment. And smart entrepreneurs, instead of resisting such a trend, decided to use its benefits to increase their business efficiency. Among other things, brokerage companies have started wondering how to build an automated trading system. And most of them succeeded.
If you have ever paid for some goods or services with your phone, transferring money using an app (i.e. trading software), tagged your bank statements online (be it bank transfers; client, supplier, salary, or tax payments), then you are already part of this multi-billion industry.
Broadly speaking, the term fintech encompasses a huge range of products, technologies, and business models that drive changes in the financial services industry. Although this term is being heard everywhere now, it is by no means a buzzword. It is a big business opportunity emerging from the disrupted traditional financial markets and encouraging businesses to develop trading platforms.
It is not just another futuristic fantasy, too. Cashless payments, crowdfunding platforms, Robo-advisors, and virtual currencies are some of the real-life examples that support the idea. Advances in technology like these are the forms of innovative technologies that are revolutionizing the FinTech sector now.
All these original products, technologies, and models can be presented to customers most conveniently — in the form of iOS and Android applications right on their mobile devices.
They were right in their desire to develop a trading platform because it allows having things under control the whole time. Traders and investors can conduct all sorts of transactions in the stock market when they want to. Of course, these new great opportunities have increased people’s interest in the stock market area… which has become an extra advantage.
What is it, after all?
Simply put, a stock market web application (and a mobile one too) is aimed both at those who are interested in attractive companies for long-term investment and at those who want to make a short-term deal.