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Would you do a $100million trade on your mobile? Well, someone just did!

Remember the times when you did not dare to order contact lenses online? Behaviour changes as technology makes us more comfortable. We have also seen a distinct trend, among the binary brokers that we review, of more and more mobile friendly platforms. Many of the brokers actually also have a special version for tablets.

The evolution going more to mobile makes us closer to the market and we get able to act on signals in a new way. No one is hardly visting a bank anymore. A development to block chain would be the final punch on the outdated capitalism we are use to.

 

businessinsider.com

JPMorgan’s Daniel Pinto on e-trading, a $100 million mobile phone trade – Business Insider

The CEO of the firm’s corporate investment bank, Daniel Pinto, stressed the importance of technology in an annual letter to shareholders Tuesday.

Specifically, he noted, one client leveraged the firm’s technological capabilities to make a $100 million trade — from a mobile phone.

“Our profitable Markets business, which generated an overall ROE of 17% last year, enables us to invest in innovation and the client experience,” Pinto wrote.

“Eighty three percent of notional FX trading is now done electronically. We have seen a $100 million trade done on a mobile phone, and on peak days in 2016, $200 billion in FX was traded through our electronic channels, including our own J.P. Morgan Markets platform, which provides a range of services from research to pre- and post-trade reporting.”

The firm spends more than $9.5 billion on technology with an increasing percentage of that budget going towards new investments and innovation, according to a letter from COO Matt Zames Tuesday.

businessinsider.com

 

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