JPMorgan Trading Platform for Rich Clients Froze During Rout

The video discusses the differences between Robin Hood and JP Morgan's trading platforms, highlighting how JP Morgan caters to wealth management clients. It describes a significant market event where the Dow Jones dropped 1600 points, causing a trading platform outage at JP Morgan. Despite being a tech-savvy bank, JP Morgan faced challenges during high trading volumes, raising concerns about the stability of other banks' systems in similar situations.

How does the spending on technology at JP Morgan compare to other banks?

What can be inferred about the state of other banks during high volume trading times?