What if all the systems you needed to trade commodities were available... on an iPhone? The thought seems so ambitious that it has probably not even occurred to most commodity traders. But this is not just an idea – the app already exists.
Vinnie Annunziata and his company TradeCapture OTC have spent the past two years working in secret on a product called Tap and Trade, which aims to deliver all the power of a futures trader’s desktop machine and screens into his or her hand, pocket and purse.
Last Friday (September 18) he showed it for the first time to someone outside his own firm – a brokerage in the US that has been using TradeCapture OTC’s ExchangeTools Pro desktop trading system for some time.
“People’s faces just light up when you show it to them,” Annunziata told Futures and Options Intelligence, in his first...