IPC Information Systems has released the latest version of its trading turret. The IQ/MAX, which IPC says was based on in-depth research in live trading environments and draws on the experience of consumer technologies such as video games, was officially launched today in London after an initial launch in New York two weeks ago. Asia follows soon.
IPC says it interviewed or observed some 300 traders on over 50 trading floors worldwide, including traders using both IPC and non-IPC systems, and worked closely with designers and engineers from UK-based frog design. IPC says the new turret is smaller, faster, works in conjunction with the intuitive nature of trading, and incorporates everything from the best way to visualize data, the effects of ambient noise and desktop ergonomics.
“The trading floor is one of the most high-octane and high stakes environments in modern business,” says Lance Boxer, Chief Executive Officer of IPC. “With the advent of cell phones, iPods and Xboxes, the new generation of traders have been weaned on consumer technology. This in turn has had a profound influence on expectations of tools in the workplace. In many respects a worker can only be as good as his or her tools. With the rollout of MAX, IPC is pleased to offer the world’s trading floors what we believe to be the most powerful and innovative tool of its kind in the marketplace. IPC clients stand to gain from all of this hard work in the form of increased trader productivity.”
Doreen Lorenzo, Chief Operating Officer at frog design says the goal of her team was to apply design intelligence from consumer industries to offer traders more power, speed, control and accuracy. “Before MAX, the trader could get the job done, but little consideration was given to the actual user experience,” she says. “MAX allows the trader to be more productive without worrying about how the technology works.”
According to IPC, the enhancements include:
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A ground-up redesign of the user interface, incorporating the semantics of how information is visually organized and presented by financial services industry fixtures (e.g., Bloomberg, CNBC, etc) and traders themselves. The new user interface encourages intuitive learning to make sure traders get the most out of the technology
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Thoroughly researched ergonomics featuring everything from a curved console – designed to integrate naturally into the trader’s desktop space – to specifically chosen force-curves for each individual button. The new desktop is much smaller than before, taking up less space on a trader’s desktop
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A modular industrial design comprised of individual units that simply attach to the back of the system, allowing for easy future upgrades and repairs
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Every display is a high-quality, active matrix TFT (Thin Film Transistor) screen that allows clear viewing at any angle and in any lighting condition
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Custom designed acoustics which optimize the bass-reflex response and improve overall sound quality.
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A new collaborative tool, ‘Deskshare’, allows traders to share elements of their desktop with colleagues. For instance, when a trader is away from the desk, co-workers can be alerted to incoming calls
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Instantaneous one-button replay of the last 20 seconds of any speaker channel allowing the trader to recall any information that might have been missed
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Developed on a layered API-driven (Application Program Interface) framework that leverages open source and standard protocols for quick and flexible deployment of future applications
MAX is scheduled to begin beta testing in April with a number of IPC clients.
Following today’s London launch event, MAX will also be shown at events in other financial centers, including Tokyo, Frankfurt, Hong Kong, Singapore, Sydney, Chicago and Paris.