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Fixed Income Trading: New venues

A simple question came up recently in a conversation – how many new Fixed Income trading venues are there?  I could not think of anywhere th...

Monday, 14 December 2015

UX and Skeuomorphism in fintech

Let's clarify the terminology:
Skeuomorphism is the design concept of making items represented resemble their real-world counterparts. Skeuomorphism is commonly used in many design fields, including user interface (UI) and Web design, architecture, ceramics and interior design.
 The ever brilliant BBC has an article What is skeuomorphism? and this Digital Arts Online website
 
So, when you want to save a email in Outlook 2016 you see this icon:


 
If you use Revolution R Open on Windows you see this icon:

These icons are designed to resemble a real-world object - the floppy disc. But the last time I saw a floppy disc was around 2003.  They are gone the way of the Norwegian blue and there is no pining for the fjords...
 
So, when I look at many Electronic Trading user interfaces I see a great deal of Skeuomorphism.  It's interesting that modern UX is something that many investment banks try to embed into their systems but the end results are often far from industry best practise...