Institutional mobile trading on the rise, says JP Morgan
US bank sees 58% rise in mobile trading over two years
Demand for mobile trading applications in institutional FX is gaining momentum, with JP Morgan reporting a 58% increase in active users in the two years since the first quarter of 2012, putting rival banks under pressure to develop similar functionalities.
Only a handful of banks, including Citi, JP Morgan and Deutsche Bank, offer mobile apps for institutional clients, although some apps like Deutsche's are only suitable for viewing orders, while some also offer a trading functionality.
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