JPMorgan has been updating its technology lately — and it’s paying off. A unnamed client recently made a $100 million trade from a mobile phone. #winning
The CEO of the firm’s corporate investment bank, Daniel Pinto, made the announcement within a report.
“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.”
Let’s just hope whoever made the trade doesn’t lose their phone in a cab.