https://www.ft.com/content/5d6c2d9c-1f61-11e5-ab0f-6bb9974f2...
https://www.ft.com/content/f16d73ee-a910-11e7-ab55-27219df83...
looooool ... You mean like the men having competitions to see who can hit the urinal from furthest away? or barefoot wrestling on the trading floor?
Those are both reputable stories I've had relayed to me about people I've worked with. More like a frat than an uptight environment ;)
* Impromptu breath holding contests complete with prop bets and name chanting
* Chairs shoved, phones slammed, mice thrown, (full) drinks thrown, (Other people's) paper piles toppled, soooo much profanity.
* One time a trader yelled FKING FK very loudly as our EVP of Trading was giving a tour of the office to a business journalist. To which the EVP turned to the journalist and very calmly said, "With us, you always know where you stand."
I worked on two different (energy) trading floors. One was a fairly large venture (30 or so trading desks + mid/back office + dev/ops/DC teams + management). The other was one of the huge banks. Both were in Stamford CT.
I spent well over 5 years there and never once did I see those sorts of shenanigans.
There was some stuff: the guy that liked to throw a football across the floor, occasionally smashing a monitor; the guys that bet $1000+ each over who could lose the highest % of body weight in 2 months (or was it one month?); and the occasional swearing, but nothing near the "like a sailor" level I hear about.
Pretty much everyone I worked with was highly professional. They were profit motivated (for sure), but even there I personally witnessed people making fair deals where they could have squeezed someone dry and unwinding deals at a loss to keep a good counterparty relationship.
I'm so glad I never worked with the handset smashing, drug abusing, loudly swearing, king of the world, type-A assholes that I hear about.
Been there done that. Was the big bank one, the one with the keys in it's logo ? If so, you were using the Desktop OS build I designed :)
> I'm so glad I never worked with the handset smashing, drug abusing, loudly swearing, king of the world, type-A assholes that I hear about.
I think these days, thats largely confined to the Hedge-Fund traders. And those guys are EXACTLY the sort of people would love AR/VR based trading UIs - anything to make more money is always welcome in their world.
No. We were the other BS across the street.
I have a VR system and I wear it knowing that it makes me look like a total doofus. You also have zero ability to discern what's going on around you, e.g. to easily socialize with someone walking by. The productivity advantage a VR application would have to be huge for it to be worth doing things by VR, and the fact is that the fidelity just isn't there yet. I would also argue that even with fidelity, the usecases seem specious. But I also thought that the "Minority Report" scenes (which didn't involve a siloed-VR-helmet experience), while cool-looking, seemed like an extremely inefficient way to solve crimes.
Put some time in at a long/short or quant fund. This would be par for the course. I've been there.
This can be quite important in certain circumstances.
Ha! You don't know traders...
Problem #1 is what you mentioned with VR/AR $APP Killers - they mostly suck. They create value via novelty, which wears off. Bloomberg delivers value by addressing a really consistent set of needs in a solution highly familiar to many users across a whole industry, to the point it's hard not to buy it if you're in finance. It's like the industry's craigslist - lousy in many ways but good enough to stay entrenched (though Bloomberg's entrenchment is driven more through familiarity and brand rather than network effect, which makes it somewhat easier to compete against).
Problem #2 (being matched by Bloomberg) comes from Bloomberg having such domination of its market, and such deep pockets, that unless you are doing things they can't do they will just learn from and then kill you should you attain sufficient success. Although it might be easier to buy you!
You're going to get wads of cash from people eager to consume their Bloomberg data in a better way.
Any change, no matter how much it improves the workflow or UI is met with bitter resistance, because the users do everything from muscle memory, and small changes break that and slow them down.
The most poignant example I have comes from gaming, but I think it illustrates the point. In Elite: Dangerous, some of your menus are to the left and right of your avatar. Normally, you'd have to press buttons to focus the camera on these menus; in VR all I have to do is look at where that menu is and it pops right up for me to use.
It actually made the interface _way_ more intuitive, easier to use, and significantly faster because it played on my expectation of the result. If something similar could be designed on top of Bloomberg data, I think you'd see finance people trampling each other to get it.
This would be particularly true if you played into their existing behaviors and motions; they wouldn't have to learn anything, it would "Just Work".
Same reason I won't buy the new Macbook pro - they fucked with the ESC key, they instantly stopped existing as a viable product for me.
At no point did I suggest messing with their keyboard - just give them better visualization possibilities.
Those guys could run circles around me in the DOS version with just a keyboard. Seeing them use it now reminds me of watching someone with a decade+ experience with vim or emacs.
Look at the effective resolution of your monitor and consider the percentage of the field of view that it occupies. You'd need to get something in the area of 6-8k resolution screens if not more to match the same effective resolution.
Handsfree search in docs.
Yes it can. The resolution of AR/VR glasses is less than my iPhone or my laptop monitor.
Now you’re telling me that plugging in a big bulky headset is somehow going to deliver a not worse experience than thee other devices that don’t require an unparalleled level of immersion (both a pro and a con) yet able to show less detail?
However for other, more non-immersive applications, like AR resolution became more important. Which leads go slower reaction times. Which can lead to sickness and lawsuits.
Is it the best way? Hell no - but excel files still fly around on almost all meeting invites...
I believe they control 95%+ of the banking market.
I doubt that. If you make a VR/AR/?R version of a Bloomberg terminal or Factset then finance firms will literally roll up wads of cash and throw them at you. It doesn't have to be massively better. It just can't be worse which is the real hurdle. Granted I'm not an expert on the subject but every VR/AR app I've seen that claims to be the "$APP Killer" simply sucks.
This is the same reason nobody has dethroned Excel in finance. There's plenty of things that solve specific sub problems but the generic, "I have tabs of data and I want to slice and dice it" always goes back to an analyst exporting data to an Excel file.