Remember the times when you did not dare to order contact lenses online? Behaviour changes as technology make us more comfortable. We have also seen a distinct trend among the binary brokers that we review with more mobile friendly platforms. Even two version to optimally suit both mobile and tablets.
The last step before we have a totally free full trackable trading is the block chain. Interesting to see how banks will survive and what innovation that will take their place. One thing is for sure though, it will happen.
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.
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