Forex brokers have been reconsidering the meaning of the phrase “Time is money” lately, with GMO Click Securities, subsidiary of GMO Click Holdings Inc (TYO:7177), joining the raft of companies to launch applications specifically designed for wristwatches.
Unlike its Japanese rival Rakuten Securities or UK-based expert in online trading IG Group Holdings plc (LON:IGG), which have introduced trading apps for Apple Watch, GMO Click is targeting the users of Android Wear gadgets. The broker today announced the rollout of FXWatch, a Forex application for Android-based watches.
The main function of the app at this point (after all, it is the first version of the solution) is purely informative. It provides access to exchange rates of all the currency pairs on offer on FXNeo, the OTC Forex platform of the broker. Detailed info about the price movements of a given instrument can be obtained from charts that work with different timeframes.
As Android Wear devices have screens in several shapes, the FXWatch designer team has provided traders with an option to select different “Watch Faces” that fit with a certain shape.
Of course, clients of the broker would be anxious to see what the future holds for the novel app, especially whether and when it will start offering actual trading.
For the time being, it is clear that the field of rivalry in online trading has shifted to traders’ wrists. Watch ticking may soon be marking seconds and… cents.
To download the FXWatch app by GMO Click, click here.