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Note: The rise of mobile apps is transforming Wall Street, enhancing the customer experience, improving portfolio and risk management, advancing the search for alpha, and even strengthening compliance.
Mobility is at the forefront of today's frenetic technology development. Estimates predict smartphone ownership in the United States will grow from 35 percent of consumers in 2011 to 46 percent in 2012. The mobile app economy reached $3.5 billion in revenues last year. And the mobile revolution isn't limited to photo-sharing (Instagram) or gaming (Angry Birds) -- app usage is spreading to the capital markets. Already, institutional equity research is largely available via mobile apps, and some financial institutions are seeing as much as 5 percent of trade traffic come from the mobile channel.
Meet The New TraderThere are more than 6 billion mobile phones worldwide, according to a report from the World Bank, which says the total number of mobile phones globally will soon exceed the human population. So it's no surprise that the mobile channel and the expectations it has spawned are redefining financial services. Wall Street & Technology's August digital issue examines how capital markets firms are transforming their channel strategies to meet users' anytime/anywhere demands and to seize the opportunities mobile offers.
Indeed, most technology executives agree that mobility is one of the few...