In the first weeks of the year two companies have directed an effort towards delivering an unorthodox change for their clients. Swiss bank Swissquote and Japanese brokerage GMO Click are pioneering their virtual reality (VR) trading apps. This event marks the first attempt to reinvent the trading interface that has been familiar to traders for decades.
From clicking buttons, traders are now presented with a new technology that is aiming to provide them with instant access to trade with their eyes. The perfect interface for trading has been lacking for years, as clicking the button of a mouse and entering a parameter via a keyboard can be very slow when it comes to trading the markets.
The technology which Swissquote and GMO Click have launched is a first step in a new direction. The task is to find the next best trading interface that eliminates the keyboard and the mouse that are sometimes painfully slow for traders. While there is no guarantee that the effort will succeed, brokers are starting to invest in different options.
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Swissquote’s CTO Paolo Buzzi said: “While it is true that the use of VR helmets is still marginal, building our app allows us to also perfect Swissquote’s existing applications on other devices, therefore accelerating our own technological evolution. In this way the Fast trade tool, initially developed for VR helmets will eventually be usable for our Apple Watch application.”
The application makes use of the standard eye-tracking tech which is found in VR helmets and handheld devices that have additional hardware to support the technology.
Clients can look at multiple panels and select stocks, currencies and indices to trade.