Contracts for difference (CFD) provider IG Markets is to offer direct market access with the launch of the latest version of its iPhone app.

The direct market access will allow customers to trade on over-the-counter and directly from their iPhone.

Philip Adler, managing director of IG Markets UK, said the app would provide users with the same information provided to institutional investors.

The app will show investors the precise number of shares being offered into or requested from the market, which will in turn allow them to place orders within the market spread and make it possible to time orders.

Investors will also be able to participate in pre- and post-market auctions, thanks to the the direct market access.

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