Technology consultant Lab49 is developing an application for the Apple iPhone that enables share traders to manage their investments.
Lab49, the financial services division of IT services company Corpus, said it had seen growing demand for financial applications for the new iPhone platform, especially among hedge funds.
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Users are looking for tools to provide real-time information, data visualisation, mobile workflow management and monitoring, as well as management of trading applications, it said.
The company already offers Lab49 Capital, an iPhone application that enables buy-side portfolio managers to track the performance of their investments in real time on the hand-held device.
Marc Jacobs, Lab49 director, said the new iPhone platform presented significant opportunities to firms that are buying and selling
"The extension of financial applications to workforces across multiple floors, buildings, geographies and client sites faster response times to complex financial, legal and technical events and quicker time to market, all make for a new wave of applications that can be applied throughout the financial enterprise," he said.