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FX Traders Are ‘Extremely Likely’ to Use Mobile Trading Apps, Survey Finds

Grace NotobyGrace Noto
January 22, 2018
in Banking
Reading Time: 1 min read
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FX trading could, like a variety of financial services, be conducted primarily through a mobile device in a few short years, according to a survey conducted by JPMorgan Chase.

The survey found that 61% of traders are “extremely” or “somewhat” likely to use a mobile trading app in 2018.

However, while survey respondents (the majority of which were FX traders) seemed quite willing to make the jump to mobile, their bosses seemed less inclined: half of the survey participants cited company policy which prevents conducting trades on a mobile phone as the main obstacle for their use of trading apps.

However, JPMorgan Chase itself does not seem to hold with such a policy: the bank has its own mobile app for FX trading, which often sees $100 million deals pass through. The biggest trade on the mobile app was over $400 million, the bank told Bloomberg.

Read more at Bloomberg and JPMorgan Chase.

To learn more about the latest developments in mobile and financial services, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.

Tags: ExclusiveJPMorgan Chasemobile payments
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