Take the Blue Pill, Neo
New technology offers incredible advances for financial markets, with caveats.
Whereas Google Glass fell flat, it seems that Satya Nadella has finally cracked the augmented reality (AR) problem, and in the process, sent television manufacturers into early graves.
What benefits could this have for traders? Just imagine the possibilities. One of the biggest complaints I always hear from desk heads is the real estate issue, or the availability of physical space on screens and desks for more applications, more screens, more functionality.
HoloLens and its ilk potentially offer a solution to that. In the same way that we are now virtualizing computers (and datacenters), can the desk be virtualized, too? It seems likely.
Of course, it's a bit Jonny Quest. Imagine turning up for work, and instead of sitting next to your colleagues, leaning across to chat to them, engaging in rapid-fire discussions, you're just chatting through a virtual interface. A bit sterile, no?
But that is, Marty, the future. No longer will we be slaves to inefficient biological processes. Now literally everything can be monitored and timestamped, as it's all technological. Even watercooler discussions.
I'm being hyperbolic, of course. HoloLens actually has incredible potential for all industries, from design through to trading. Except, maybe, the media, where it just becomes another vector for the death of the print magazine and the supremacy of online.
Just imagine bringing up your OMS by swiping the air. Or your blotter on your desktop, next to your keyboard. Assuming you even have a keyboard, which you probably won't, as that'll be virtualized too. In fact, forget the open-plan office ─ all you need is a blank wall. Cubicle culture takes a new, sinister turn in its ongoing quest toward de-individualization.
But it definitely is the right track for AR, more so than clunky Oculus Rift-style helmets, or the ill-fated Google Glass project, which makes public nuisances of even the most innocent user.
Finally, as I said a few weeks ago, this will be my last Editor's Letter for Sell-Side Technology. Thanks for reading over the past few years, for your tweets and your e-mails. Yes, even the negative ones. I'll be handing over this weekly missive to my US editor, Anthony Malakian as of today.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
How a consolidated tape could address bond liquidity fragmentation
Chris Murphy, CEO of Ediphy, writes that the biggest goal of a fixed-income tape should be the aggregation of, and democratized access to, market data.
An AI-first approach to model risk management
Firms must define their AI risk appetite before trying to manage or model it, says Christophe Rougeaux
Launch of Deutsche Börse’s midpoint dark pool delayed
The exchange group faces a roadblock as it awaits a reference price waiver from its regulator.
Tech VC funding: It’s not just about the money
The IMD Wrap: It’s been a busy year for tech and data companies seeking cash to kick-start new efforts. Max details how some are putting the fun into fundraising.
Bond tape hopefuls size up commercial risks as FCA finalizes tender
Consolidated tape bidders say the UK regulator is set to imminently publish crucial final details around technical specifications and data licensing arrangements for the finished infrastructure.
If M&A picks up, who’s on the auction block?
Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.
The Waters Cooler: A little crime never hurt nobody
Do you guys remember that 2006 Pitchfork review of Shine On by Jet?
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.