Adorably Anachronistic Sound Effect Heralds Demise Of Anachronistic Trading Technology


One cannot have a silent fixed-income trading floor. Luckily, JPMorgan Chase—which will not get caught betting on humans over robots again—replaced the humans interminably shouting “done!” with computers equipped with a variety of ringtones to make the same point.

Q.M.M., which sits on the same floor as those traders in a Midtown Manhattan skyscraper, can come up with the same prices in a fraction of a second. When it completes a trade, it emits a jingling cash register sound, making the trading floor sound like an arcade.

Shouts on Bond-Trading Floor Yield to Robot Beeps [DealBook]