Traders set to don virtual reality headsets in their home offices
UBS looks at recreating busy trading floors with HoloLens experiment. …
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Spare bedrooms and living rooms could soon become part of vibrant trading floors as one of the world’s biggest investment banks considers providing staff with augmented reality headsets.
UBS has experimented with issuing its London-based traders with Microsoft HoloLenses, which would allow staff to recreate the experience of working in a packed trading floor without leaving their homes.
Banks have been desperate to bring workers back to the office, especially for regulatory-sensitive roles such as trading, but surges in coronavirus infection rates have meant many staff are wary about using public transport.
“If people really can’t come to the office, can we create a virtual presence?” Beatriz Martin, UBS UK chief executive, told the Financial Times. “We are thinking about experimenting with the tools that are out there.”
UBS has set up a working group focused on “reimagining the trading floor,” which has also considered setting up screens on traders’ desks with camera feeds from their co-workers to encourage collaboration.
This month, JPMorgan Chase summoned senior traders back to the bank’s tower blocks in Canary Wharf and midtown Manhattan in a move praised by US President Donald Trump. But the bank has already been forced to send staff home from its New York trading floor after an employee tested positive for COVID-19, according to Bloomberg.
JPMorgan was hit by an outbreak on the same trading floor in April when 16 people tested positive.
Barclays also sent staff home from its London trading floor this month after two employees tested positive.
<img src="https://cdn.arstechnica.net/wp-content/uploads/2020/09/vr-trading-1.jpg" width="700" height="394" alt="Citigroup’s augmented reality workstation, combining 3D holograms and real-time financial data. The bank developed the
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