Citigroup ahead of the pack in virtual reality trading

Rick Steves

One of Citigroup’s technology partners, VR design firm 8ninths, has the mission of revolutionizing business through virtual and mixed reality. When it comes to Citi reality, it means developing a working proof-of-concept for a virtual trading desk. Microsoft’s HoloLens is not yet for sale, but it will be the chosen headset as it focuses on […]

Citigroup ahead of the pack in virtual reality trading

One of Citigroup’s technology partners, VR design firm 8ninths, has the mission of revolutionizing business through virtual and mixed reality. When it comes to Citi reality, it means developing a working proof-of-concept for a virtual trading desk.

Microsoft’s HoloLens is not yet for sale, but it will be the chosen headset as it focuses on augmented reality, which instead of bringing you to a whole new one, it adds a digital interface on top of your real-world environment.

For traders and wealth managers, it will allow layering in tools for visualizing complex data sets, reducing logistic limitations for research purposes, charting, data analysis. But the technology is seen as useful for trading partners and customers, according to Stuart Riley, global head of technology for markets and securities services at Citi.

8ninths showcased their “Holographic Workstation” prototype, designed and engineered for Citi at Microsoft Build 2016 last week. The concept enables traders to view, process and interact with large amounts of abstract data in a combined 3D and 2D environment in a physical workstation that integrates tablet screen space, 3D holographic docking space, keyboard, mouse, gaze, gesture, voice input, and existing Citi devices and workflows.

About the project, Adam Sheppard, Co-founder and CEO at 8ninths said: “Partnering with Citi was a great opportunity for us to think outside the box to solve real world business problems by combining our expertise in data visualization, collaboration, annotation, and Mixed Reality development in a truly innovative and ground breaking way.

The outcome really evolves the workstation paradigm in a way that we think will be indicative of how information workers across multiple industries will interact with computers in the years ahead. We’re excited about partnering with companies across all verticals to provide innovative MR solutions that enhance their businesses.”

Stuart Riley, Global Head of Technology for Markets and Securities Services at Citi, stated: “We are excited to partner with Microsoft, 8ninths, and Citi Ventures on this exploration of 3D visualization and mixed reality to enrich traders’ user experience. Our Markets Lab in Tel Aviv sees great potential for this technology to enhance and humanize the next-generation markets trading working environment at Citi.”

 

 

 

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<