this from the bbc: Video game skills and a good poker face online are becoming essential job qualifications in the financial markets, with recruitment drives assessing potential star traders in online gaming exams.
“You’ve obviously got to be cool under pressure” said one trader, “and mentally alert. But I wouldn’t have thought training people on GameBoys would help you down there.”
But those game skills, developed despite parental fears for their offspring’s social development, are exactly what is required for a lucrative future on the digital trading floor.
At Geneva Trading, based in Chicago, they train up students to make money out of anything from Brent crude to precious metals and pork bellies.
But as the company’s president, Mary McDonnell told the BBC Go Digital programme, they are looking for recruits with a new generation of job skills.
“It is unlikely that we would hire someone who didn’t show good proficiency at a GameBoy or online poker or similar video-type game where hand-to-eye coordination is important” she said.
The company follows small fluctuations in the market, easily missed on a bank of trading screens filled with fast moving numbers. Here, traders use mouse clicks to buy or sell.
The faster their reaction the more money they can make, which is where the video games skills come in.
This new job requirement is part of a trend throughout the financial sector, with some trader training courses offering an online gaming component.
For Geneva Trading and other similar firms, expertise in online poker is another star-quality in potential recruits.
“It’s the discipline of not getting too emotional about your transactions, and also the mathematical ability to keep track of numbers, as in card counting,” said Ms McDonnell.
“Online poker practice helps traders to read the markets correctly.
“It helps to determine if people are bluffing, trying to make the market move one way or another,” she said.
feel free to buy me a gameboy advance sp or even a nice little gameboy ds if you want me to start honing the skills to make us millions of dollars!
Posted at October 10, 2004 11:09 PMComments are now closed for this entry. Thank you for playing.