Mobile FX trading taking off even with banks' reticence - survey [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Mobile FX trading taking off even with banks' reticence: survey | Reuters 4 Min Read LONDON (Reuters) - Increasing numbers of traders are using their smartphones to conduct foreign exchange deals, a JP Morgan survey showed on Monday. In the second annual edition of an online survey among 400 institutional traders -- a ,majority of them focused on foreign exchange markets -- JP Morgan ( JPM.N ) found the proportion of investors now using a mobile trading app jumped by about 20 percentage points to about 37 percent. Significant barriers remain, in particular, with relation to company policies preventing trading on mobile devices. But Scott Wacker, global head of e-commerce sales and marketing at the U.S.-based bank, said electronic trading will continue to grow ”whether as a result of external regulatory push or an internal drive for efficiency. “As the market becomes increasingly comfortable with the security protocols with mobile trading technology, we expect that electronic trading
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