UBS Mulls VR-Based WFH Traders

UBS is reportedly exploring the option for traders to work from home through simulated experiences via virtual reality headsets.

The bank is experimenting with creating a trading floor simulation for its London-based staff, according to a report, using Microsoft’s HoloLenses.

If people really can’t come to the office, can we create a virtual presence?» said Beatriz Martin, head of U.K. at the bank. «We are thinking about experimenting with the tools that are out there.

The HoloLenses are a head-mounted unit that uses multiple censors, advanced optics and holographic processing that display information and images that can blend in with the real world.

UBS’s work-from-home efforts extend beyond just its trading operations or the European region. The Swiss bank has already launched a «UBS Workspace» platform which allows employees to have mobile-based access to any files or the information in the exact same format at any time and place.

Within Asia, 90 percent of employees are able to work from home via «UBS Workspace» with three-quarters of all staff across wealth management and investment banking already being enabled by the platform.