This blog deals with trading pit history but I have to post on an exception now that I've seen trading pit future. Trading Technologies has announced the creation of a Oculus stylized VR headset that will create an infinitely massive virtual trading pit which would allow a human to trade with the technological speed of an integrated circuit but implement trades via the natural human function of open outcry trading.
I'm still a simple guy originally from Topeka, but this combination of high frequency trading and open outcry functionality brings us closer to the brink of the singularity than anything else I've previously seen. However, it won't accurately combine the trading pits of the past unless the virtual pit is filled with thick-necked brokers named Rocco or Lou who wear open collar shirts displaying a big gold chain. (Edit: for those who see this in the future please note it was posted on April Fool's Day)
I'm still a simple guy originally from Topeka, but this combination of high frequency trading and open outcry functionality brings us closer to the brink of the singularity than anything else I've previously seen. However, it won't accurately combine the trading pits of the past unless the virtual pit is filled with thick-necked brokers named Rocco or Lou who wear open collar shirts displaying a big gold chain. (Edit: for those who see this in the future please note it was posted on April Fool's Day)
