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by marginalia_nu 126 days ago
Show me even a single trader who would prefer a slow-ass chat interface to 36 monitors full of stock tickers and charts.
3 comments

Heck; show me anyone who is not more productive with a boring old UI once they learn how to use it. Maybe with a chat interface as a how-to assistant.
There's probably legit uses in finance for LLMs, in exploring potential scenarios and strategies, spit-balling ideas, summarizing financial news. Sure. Great. Maybe even as a trading agent, questionable, but I'd buy that as maybe happening.

But replacing Bloomberg terminals with "Chat with NYSE", that is no exaggeration one of the most out of touch ideas I think I have ever heard in my life!

I think using the BB terminals as the big example here was probably not the best move; there are other huge vertical software platforms where this argument is more of a layup.

(Though: you can do a lot with IB, right? Same deal.)

Is trading even a real thing? Is there really a job title "trader"? Entities really think they can outperform DCA SPY?
Yes. Traders are involved in all kinds of deals that aren't like index funds.
I guess you better go tell them they don't exist.
Who do you think makes the price of SPY change?