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Virtual Reality Support for Trading

Virtual Reality Support for Trading

Joe Kelley
Copyright: © 2012 |Pages: 28
ISBN13: 9781613501627|ISBN10: 1613501625|EISBN13: 9781613501634
DOI: 10.4018/978-1-61350-162-7.ch007
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MLA

Kelley, Joe. "Virtual Reality Support for Trading." Information Systems for Global Financial Markets: Emerging Developments and Effects, edited by Alexander Y. Yap, IGI Global, 2012, pp. 129-156. https://doi.org/10.4018/978-1-61350-162-7.ch007

APA

Kelley, J. (2012). Virtual Reality Support for Trading. In A. Yap (Ed.), Information Systems for Global Financial Markets: Emerging Developments and Effects (pp. 129-156). IGI Global. https://doi.org/10.4018/978-1-61350-162-7.ch007

Chicago

Kelley, Joe. "Virtual Reality Support for Trading." In Information Systems for Global Financial Markets: Emerging Developments and Effects, edited by Alexander Y. Yap, 129-156. Hershey, PA: IGI Global, 2012. https://doi.org/10.4018/978-1-61350-162-7.ch007

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Abstract

Virtual reality offers the promise that finally, most of the capabilities of the human mind and senses can be harnessed to improve global financial performance. Over millennia, humans have adapted to their environment by using 3D vision, 3D sound, touch, smell, taste, et cetera. The human brain is highly attuned to these sensory inputs. Survival has often been dependent on split-second perception and quick decisions while under stress. Trading is a similar setting, with 42% of all trading occurring within milliseconds (Business Week, 2009). Losing traders have gone bankrupt and become extinct without exploiting their full sensory capabilities to perceive and understand the trading environment. Most traders have relied on simplistic 2D graphs, text, tables of numbers, and vanishing sounds of the trading floor. More recently, vendors have tried to help traders use more of their senses. Modern computer technology allows traders to better assess the markets, make faster and better decisions, and to get an edge in trading.

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