Cantor Index Revolutionizes Financial Trading with Mobile Technology

Cantor Index, a financial and sports spread betting business of Cantor Fitzgerald, has been at the forefront of innovation in the financial industry since September 2003 with the launch of its Cantor Mobile service. Utilizing handheld XDA devices and Microsoft's Windows Mobile platform, Cantor's clients can now trade and bet in real-time, receive news and video feeds, and access their positions on the go. This revolutionary mobile service has given Cantor Index a competitive advantage, with a significant percentage of its electronic finance trades, sports trades, and overall business now generated through Cantor Mobile.

Key Takeaways:

• Cantor Index's Cantor Mobile service is a pioneering mobile trading platform that utilizes handheld XDA devices and Microsoft's Windows Mobile platform.
• The service allows clients to trade and bet in real-time, receive news and video feeds, and access their positions on the go.
• Cantor Mobile features end-to-end session-based encryption, preventing transactions from being intercepted by hackers.
• The service does not rely on the user's corporate internet connection for access, making it a secure and convenient option for clients.
• 20% of Cantor Index's electronic finance trades, 25-30% of its electronic sports trades, and 10-12.5% of its overall business are now generated through Cantor Mobile.
• The company plans to add online casino, fixed-odds betting, and an exchange-type business to its online offerings, all of which will be available on Cantor Mobile.
• Cantor Index's business model is based on gaining increased "stickiness" through adding mobile applications.
• Microsoft is working with several major UK retailers and banks to provide mobile access to data on multiple devices.

Statistics:

• 20% of Cantor Index's electronic finance trades are made by users of Cantor Mobile.
• 25-30% of Cantor Index's electronic sports trades are made via Cantor Mobile.
• 10-12.5% of Cantor Index's overall business is generated through Cantor Mobile.
• Cantor Index has achieved significant growth in mobile trading, with a major reason for this being its competitive mobile service.

Sources:

• "Cantor Index" article by Alan Stewart (date not specified).
• Alex Hucklesby, head of wireless services at Cantor Index, as quoted in the article.
• Paul Jackson, senior analyst with Forrester Research, as quoted in the article.
• Cantor Index's business model and strategies, as outlined in the article.
• Lewis Findlay, Cantor's managing director, as quoted in the article.
• Dominic Crosthwaite, Cantor's head of business development, as quoted in the article.
• Duncan Ledwith, head of Windows Mobile at Microsoft UK, as quoted in the article.