December 20, 2010

Fidelity Investments announced it has expanded its suite of mobile offerings with a new trading application for the Android operating platform.

The new Android app is now available via a free download from the online Android Market, accessible from any device running Android.

With the new Android app, investors can access up-to-the-minute domestic and world market data, streaming news headlines, full news stories with graphical content, real-time quotes, interactive charting, and links to Fidelity's Twitter and Facebook pages. These features also are available in Fidelity's mobile apps for the iPhone and iPad.

Clients who log in to these apps can see details on all of their Fidelity accounts -- including workplace accounts - such as balances, portfolio positions and option chains. They also can launch a pre-populated trade ticket from multiple locations within the app including from the quotes screen, portfolio positions screen and watch lists, and in news stories where a stock symbol is highlighted.

"There has been notable growth in the ownership of Android-powered devices this year, and we're pleased to offer these users a new way to manage their investments whenever and wherever they choose," said James C. Burton, president of Fidelity's retail brokerage business. "Fidelity is a leader in delivering mobile financial solutions to its investors, and we felt the time was right to build an app that takes full advantage of the rich Android platform."

In addition to the new Android app, Fidelity also introduced mobile trading apps built for the iPhone, iPod iTouch and iPad in 2010.

In a release, Fidelity said the number of clients accessing their Fidelity accounts from mobile devices has more than doubled through November 2010 compared to 2009.

As well, the number of trades executed by Fidelity clients on mobile devices has increased more than 40% in the past year.

ABOUT THE AUTHOR
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in ...