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Swissquote Launches The First Virtual Reality Trading Application

3 months agoByFX Empire
  • Swissquote is the first European bank to make its mark in the world of virtual reality
  • New trading app immerses the user in a 360° trading platform via their VR helmet
  • Fast Trade eye tracking technology allows the client to place a trade with a simple glance

Gland, Switzerland, February 3, 2017Swissquote Bank, Switzerland’s leading online bank is launching a new virtual reality trading application, especially designed for use with virtual reality helmets.

The new app will enable the user to access the financial information that matters most to them in real time, through the medium of VR. Once the trader enters the virtual trading platform, they are surrounded by a 360° trading wall with multiple sections dedicated to SMI (Swiss Market Index), currency pairs and the main indexes. Thanks to eye-tracking technology and simply focussing on a specific stock, the trader is provided with more in-depth information. The wall within the VR trading platform is customizable with a choice of themed wallpapers recalling the Swiss origins of Swissquote.

Users who are also Swissquote clients can also log in to their profiles, view the status of their accounts and even execute a trade thanks to eye tracking technology from Fast Trade. The app allows Swissquote clients to execute the majority of the actions that they would normally carry out on the existing Swissquote app. This technology makes it possible to execute trades much more quickly and easily, by preconfiguring a number of criteria, including the preferred investment amount. By default, this amount is set at CHF 5,000. After selecting a stock, two further steps are necessary to complete the trade: clicking on “buy” and then “confirm”. Both actions are also executed using the app’s built-in eye-tracking technology.

On the launch, Paolo Buzzi, CTO at Swissquote stated: “Being at the forefront of technology is Swissquote’s signature and our new VR Trading application is another illustration of our innovative capacity. While it is true that the use of VR helmets is still marginal, building our application 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

Owners of VR helmets will soon have access to this innovative solution on iPhone and Android operating systems.

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