Spanish lender la Caixa has launched an application to track stock markets using music.

The la Caixa Stock Music app indicates how stocks are performing using the music that each user has stored on their mobile device, with the music volume varying according to the highs and lows of the market performance.

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la Caixa Stock Music has been developed for the Android operating system.

The new app aims to "keep users current with the stock market situation and saves them from having to constantly check the application" as gains or losses for a stock or index will be indicated in changes to the volume of the music.

Users can choose which stock or index they wish to follow and the application can access all the leading international stock markets, according to la Caixa. The data will be updated every 15 minutes during which time the volume remains unchanged; when new data is received the volume is adjusted automatically, the lender has further informed.

The new app also aims to provide data via tables and graphs especially tailored to the mobile interface.

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la Caixa currently offers a Bolsa Abierta service, aiming to allow users to "operate and monitor international stock markets", in versions compatible with a range of smartphones – as well as versions of Bolsa Abierta for the iPad – designed for "optimal use of graphical data".

la Caixa currently has the largest number of mobile banking users in Spain, with more than 2.6m customers using mobile services. According to the lender, there have been over 4m downloads of over 60 apps that la Caixa offers.