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ThinkMarkets Cuts Latency in UAE by 25% on Global Financial Markets Trading
LONDON -Tuesday, March 28th 2017 [ ME NewsWire ]
(BUSINESS WIRE)-- ThinkMarkets, a leading financial services 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 significantly reduce latency for global forex and CFD traders.
Through the partnership, ThinkMarkets’ 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 & live-market-pricing, placing orders and executing trades, in a much faster manner. The firm’s analytics & data shows that ThinkTrader had a swifter load-speed & quicker interactions between every transaction, 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% uptake in speed, thus supporting a low-latency trading environment.
Neumob, founded in 2014, has positioned itself as a leader in mobile app acceleration, speed and performance. Neumob’s signature SDK solution connects users to its global app acceleration network, which enhances an app’s performance worldwide.
Nauman Anees, founder and CEO of ThinkMarkets commented about the mobile app solution: “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 massive spike in the app’s agility, pace & performance, with faster load times in India increasing by 37%, 25% in both the United Arab Emirates & the UK, and by 20% in China.
Joe Rundle, Head of Trading said: “Our clients have given excellent feedback with impressive gains in load times and in-app performance for the ThinkTrader iOS app.”
Neumob CEO Jeff Kim stated that: "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."
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