Is The World Ready To Trade Futures On Their Mobile Phones?

iBroker_1Ready or not – mobile futures trading (and stock, and options, and baseball cards) has been going on for years now; with firms like E*Trade famously making it appear so easy to trade stocks on your iPad a baby could do it (in their crib) –  but the first attempts at it (and even a lot of the current offerings) have been rather clunky and not very easy to use.

Enter a new futures trading app called iBroker, which is easily the best trading app we’ve seen in terms of ease of use and functionality. See the app in action via the website here:  www.iBroker.com. [In full disclosure – Attain is involved with iBroker, doing the distribution for it in the U.S.].

iBroker has been live in Europe and through a single US Broker for years – but is ready for the big time in the US as of today – with the iBroker app now connected to the popular desktop platform CQG.  Meaning… any CQG user at any participating FCM can now access their balances, positions, orders, and place trades via their existing CQG login. Cool!

But our brains immediately jump to the next question…

 

 

Are we ready for professional managers to be trading client accounts via their mobile devices?”

To tell you the truth, whether you’re excited for the tech advancement or worried by it, the move to mobile devices and unplugged trading seems pretty inevitable – just look at PC versus tablet shipments.  But will we start to see professional commodity trading advisors using their mobile devices to place their program’s trades on behalf of the client accounts they’re managing?  Will the guy on the train across from you or waiting for a flight next to you be entering 100’s of contracts for the millions he has under management. The overnight trading desks these CTA’s pay a few bucks per trade to execute orders sure don’t want that, and as a client, I’m not sure I want a manager rolling over in the middle of the night and slinging some DAX futures around for my account.

But who knows – maybe this becomes more common place, if nothing else, you could see such professionals using the app for checking quotes and getting fill notifications and essentially staying on top of the markets while at the kid’s soccer game or trying to raise money at a conference.  As Russell Crowe quips in his role as Captain Jack Aubrey in the Master & Commander Film: What a fascinating modern time we live in.

iPad

 

One comment

  1. Looking for a place to access this platform? Consider checking out http://www.stage5trading.com for iBroker through CQG and through OEC. The add rocks!

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Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.