Hatchworks (spectre.ai) — Spectre to bring traders into Virtual Reality
Not long after Spectre.ai made its presence known as the world’s first broker-less prediction market platform with its own liquidity pool, thereby potentially removing financial-trading fraud forever, it has struck in my view, one of the most forward-looking partnerships today with blockchain and VR guru Scott Driscoll. It is rare that one gets to meet someone with such a diversified, yet deep, expertise in two of the hottest industries today. Bring to this our team’s long standing history in financial education and engineering and you get the building blocks of significant disruption.
Spectre.ai is pleased to add Scott, both a prominent educator in Cryptocurrency education at Pluralsight and VR engineer at Foundry 45, as our third board advisor. He joins recently appointed JP Morgan veteran Sascha Berresch, CFA and Harvard/MIT ad-exec, Menelaos Skouloudis who are on the Spectre.ai board. Together with him, the group will be bringing virtual reality trading to the blockchain. Spectre.ai, being the first broker-less prediction market platform catering to digital contracts, CFDs and other contract types, will also set a new benchmark in how traders around the world trade. Our CEO, Kay Khemani commented “The installed base of HTC Vive, Sony PS VR, Oculus and other VR headsets is only moving in one direction: up! this represents an ideal opportunity to convert live OHLC candlestick data into 3d objects in 3d landscapes and allow traders to trade with a new level of immersion and feel for the market. Tie this to Spectre.ai’s broker-less technology, bring in social trading and it’s a slam dunk for traders.”
Last year, Citi, the investment banking powerhouse, announced their foray into augmented reality based financial trading systems for institutions. Spectre.ai’s strategic view is that while augmented reality offers benefits to traders, a wider market is likely to manifest itself among the millions of retail traders who can congregate and trade markets with a new level of depth, straight from their headsets, in virtual reality.
Think about it; any trader will know that your standard issue web-trader offers 2d multi-time-frame charts which offer no depth in trading. You’ll be looking at a 5-minute-chart and expecting the price to bounce off a flat, northern bollinger-band boundary hoping to buy some at the nearest moving average or support level. However, without painstakingly zooming out to larger time frames to see where a more reliable moving average or support level may rest further below, the trader really isn’t presented with all information they need to make a reliable trading decision.
In a VR scenario, the trader can literally fly over to this boundary and look down a giant 3d cliff, immediately identifying all the moving averages below him/her through time, instantly. As the experience is immersive, the trader’s body will be able to sense and feel depth as well forcing them to look before leaping! The possibilities don’t end here, namely, it is possible to integrate basic oscillator indicator data into 3d candle objects thereby transforming traditional OHLC representations into distinct boolean 3d candle objects whose geometries vary depending on indicator readings for that specific candle, thus allowing traders to at a glance infer inflection points in the market. Our platform (which you can test out here) is unique compared to competitors as it is the only platform that already houses emotion control algorithms and an early warning engine that picks up dangerous trading habits and warns traders in advance of silly mistakes. Tying outputs from these engines into 3d model-space can help traders visualize dangerous trading situations easier.
We plan to carve out our VR roadmap in 2018 along with Scott and our engineering team. Trading landscapes and 3d charting environments will be constructed with Unity, one of the most popular 3d environment and gaming engines. Spectre.ai will allow traders to use a range of popular VR headsets through their PCs and trade all assets available on the Spectre.ai trading platform, albeit in a 3d world. Stay tuned!
Warning: The information contained in this post is not a solicitation to invest. All ICO participants should carefully go over all the risks described in the whitepaper on the token-sale website. The token-sale is strictly closed to U.S citizens and a range of technical measures are in place to ensure citizens from restricted regions (as outlined in the token-sale T&C), including the U.S, will not be able to contribute.
