Someone made a $100 million trade with JPMorgan on their cell phone

JPMorgan is investing in technology in a big way — and it's paying off.

The CEO of the firm's corporate investment bank, Daniel Pinto, stressed the importance of technology in an annual letter to shareholders Tuesday.

Specifically, he noted, one client leveraged the firm's technological capabilities to make a $100 million trade — from a mobile phone.

"Our profitable Markets business, which generated an overall ROE of 17% last year, enables us to invest in innovation and the client experience," Pinto wrote.

"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, which provides a range of services from research to pre- and post-trade reporting."

The firm spends more than $9.5 billion on technology with an increasing percentage of that budget going towards new investments and innovation, according to a letter from COO Matt Zames Tuesday.

Pinto said the firm fundamentally believes clients should be able to choose how to trade with JPMorgan. He emphasized that it's the firm's strong technical capabilities that allow clients trade through turbulent times like Brexit and the US presidential election last year.

"The electronic evolution is advancing, and the investments we've made, and will continue to make, already are proving their merit to our clients," Pinto wrote.

RELATED: The world's top 10 companies, ranked by reputation

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The world's top 10 companies, ranked by reputation
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The world's top 10 companies, ranked by reputation

10. Adidas. RepTrack Points: 77.3

2016 proved to be a good year for the German sportswear company, which beat earnings expectations to report net income of more than $1 billion.

The year was the first in its 2020 strategic plan, which put in place by CEO Kasper Rorsted, who wants the company to boost ecommerce sales, increase efficiency, and focus on company culture.

Adidas launched collaborations with celebrities including Kanye West, Pharrell, and Rita Ora to boost awareness of its brand.

Photographer: Krisztian Bocsi/Bloomberg via Getty Images

9. Rolls-Royce Aerospace. RepTrack points: 77.7

Rolls-Royce is one of the few traditional manufacturing B2B companies in the ranking.

The company produces the engines for a number of commercial airliners, such as the Airbus A380 and the Boeing 787.

The company is keen to work on new technologies too. This March it announced plans to invest in a R&D center in Finland to develop technology for autonomous shipping.

Photographer: Luke Macgregor/Bloomberg via Getty Images

8. Intel. RepTrack points: 77.7

Intel became a staple in the technology industry as the leading manufacturer of chipsets for desktop and laptop computers.

Despite missing the mobile phone revolution, Intel is getting back on track. It was rumored Intel powered the iPhone 7. CEO Brian Krzanich has also said the company would be investing further in 5G and connectivity. The company kicked off 2017 with the $15.3 billion acquisition of the autonomous-driving company Mobileye.

(JOSEP LAGO/AFP/Getty Images)

7. Sony. RepTrack points: 77.7.

Sony successfully got rid of its underperforming VAIO computer brand last year to focus on its more successful products.

2016 saw the launch of its virtual reality headset for the Playstation gaming console, where it owns over 50% of the market. Unknown to many, Sony is also the company making the camera sensors for a number of leading smartphones, including the iPhone 7 and Samsung Galaxy S7.

Its Sony Motion Pictures division had strong box office hits in 2016 with the relaunch of the "Ghostbusters" franchise and" The Angry Birds Movie."

Its Sony Music division has artists like Beyonce, A$AP Rocky, and Calvin Harris among its roster.

REUTERS/Thomas Peter/File Photo

6. Bosch. RepTrack points: 78.1.

German engineering and electronics company Bosch used 2016 to solidify its positions in Internet of Things and software.

In October 2016 the company demoed its autonomous driving software and hardware and also announced it would be building its own cloud computing offering to compete with Amazon and Google.

REUTERS/Michaela Rehle

5. Google. RepTrack points: 78.2.

Google's RepTrak score went up but it still dropped down from its third-place spot in the rankings in 2015.

2016 was the first full year since the launch of the new parent company Alphabet. It was also the year the tech company announced its new Pixel phone line and its voice-controlled speaker Home, which aims to bring artificial intelligence to the masses.

Alphabet also made a push into VR with the launch of its Daydream headset.

REUTERS/Lucy Nicholson

4. Canon. RepTrack points: 78.3.

Canon was awarded nearly 4,000 patents in 2016, coming in third behind IBM and Samsung.

The world's biggest maker of cameras and printers grew through acquisitions in 2016, such as its $6.5 billion purchase of Toshiba's medical division.

REUTERS/Thomas Peter/File Photo

3. The Walt Disney Company. RepTrak points: 79.2.

Disney slipped down a spot in the 2016 rankings but its reputation score grew by a full point.

2016 was the year the company started to see the fruits from the acquisition of the "Star Wars" franchise with "The Force Awakens" continuing its box office tear into January and the release of "Rogue One" in December, which went on to gross over $1 billion at the box office. The company recently revealed it had enough "Star Wars" films to run all the way into 2030.

It also announced it was extending the contract of its CEO Bob Iger until 2019.

2. Lego. RepTrak points: 79.5.

Lego was the biggest winner in the brand reputation rankings in 2016, rising up to second from its sixth spot the previous year.

While the toy company's competitors Hasbro and Mattel had mixed results, Lego has been on a great streak of performance. From 2010 to 2015 the company's revenues more than doubled and sales increased by 6% in 2016

It also announced the appointment of the company's first non-Danish CEO, Bali Padda.

REUTERS/Fabian Bimmer/File Photo

1. Rolex. RepTrak points: 78.4

Rolex's position as the most reputable brand in the world is due to its incredibly high reputation for products and services. It was in the top 10 for every category in those areas.

The luxury market struggled in 2016, growing only 1%, but the Swiss watch brand successfully withstood the test of the Apple Watch, which launched with a luxury edition.

Last year, Rolxes announced its first watch in over 60 years with a moonphase complication, which makes sure it stays accurate for 122 years without adjustment. It also tells the current lunar phase.

The luxury watch brand was founded in London in 1905 before moving operations to Switzerland at the end of World War I.

REUTERS/Arnd Wiegmann
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