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Gensler has criticized the "gamification of trading" in which commission-free brokerages encourage excessive trading using lights, noises, notifications and oth
by Pulcinella 4y ago
Gensler has criticized the "gamification of trading" in which commission-free brokerages encourage excessive trading using lights, noises, notifications and other gimmicks to generate more PFOF.
Normally I despise gamification, but this just reads to me as “Kids these days. Back in my day we had shouting, loud clothing, and platform shoes on the trading floor. None of this new fangled digital stuff!”
- lupire 4y agoTo put in gamer language: the latency and bandwidth are valuable for performance, not the RGB lights.
- potatoyogurt 4y agoA very small number of people trade by voice on trading floors and they are generally professionals. This is categorically different from phone apps that reach into every ordinary person's living room. No one is advocating for a return to pre-electronic markets.
- somenewaccount1 4y agoWorse, thier advocating for the SEC to somehow be experts in ux design and impose ui restrictions. No thanks.
- sidlls 4y agoIt's a little disingenuous, in my opinion, to compare earnest opposition to exploitative or dangerous use of new technology to a ludditism.
- andrewflnr 4y agoIt's a little disingenuous to assume the new technology is actually exploitative or dangerous, when accusing one of said tech's defenders of disingenuity.
- tbrownaw 4y agoNo, that is not what that word means. But perhaps a blind "no u" might qualify as appropriately incinsere?
- sidlls 4y agoIt's not an assumption, it's an assertion. I don't necessarily agree with it, but it's not ludditism to oppose the use of technology (new or old) in a way one believes is exploitative or harmful.