L&D - Technology and Trading Platform Training.

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Maintaining a demo trading platform to train employees can be observed throughout the industry. Demo trading platforms have resulted in building a risk-free environment for employees to learn and experiment with various trading strategies.

One reported characteristic of the modern learner is the ‘digital native’ (Prensky 2011). This concept refers to younger generations of learners that have grown up surrounded by and using technology. They expect constant connectivity and use technology and the internet as their first point of call for gathering information – in fact, some researchers believe they may also process it differently (see Prensky 2011, Siemens 2005). This, coupled with the pervasive use of mobile and social networking sites away from the workplace, led some to suggest that technology will be widely accepted as a vehicle for learning.

(Reference: cipd, Nov 2017)


The above statement indicates how the role of technology plays a significant role in order to take the attention of the learner. Therefore, using demo Platforms and enabling experiential learning would result in capturing the younger generation`s attention.

Another important aspect that employees need to train on is trading platform integration with the market financial news. Dealers should have solid knowledge of current news from the market therefore it is important for them to know how to use the platform to reach the market news. Different brokers use different market news providers. Below are the vendors that integrated with the Interactive Broker trading platform for research, news, and market data.



(Reference: interactivebrokers , N/A)


In addition to the above vendors that are used in Interactive Broker`s platform, there are many vendors that facilitate market news such as Bloomberg, Routers, and ICE financials. 

Another trend that can be observable in the brokerage industry is focusing on promoting Artificial Intelligence (AI) throughout the company.  Organizing events & competitions to promote AI volution and recognizing people has become a role of modern-day HR departments. 

Refer to the below video from Microsoft on Enabling innovation for financial services in the era of AI. This video would help you to have an understanding of the evolution of the financial services industry due to AI usage. 

(Reference: YouTube, 19th July 2023)


Businesses can not survive without adopting technology to learning and development functions. Therefore HR function needs to evolve according to changing trends in technology. HR needs to ensure that the technology used for the training and development is in line with the company's requirements. Any diversion needs to be addressed. 




References

“Enabling Innovation for Financial Services in the Era of Ai.” YouTube, YouTube, 19 July 2023, www.youtube.com/watch?v=qNtsxavAj4E&t=33s.

“Global Trading Platform - IB Trader Workstation.” Global Trading Platform - IB Trader Workstation | Interactive Brokers LLC, www.interactivebrokers.com/en/trading/tws.php. Accessed 25 Nov. 2023.

The Future Technology - CIPD, www.cipd.org/globalassets/media/knowledge/knowledge-hub/reports/the-future-of-technology-and-learning_2017_tcm18-29348.pdf. Accessed 23 Nov. 2023. 


Comments

  1. Madusha Dilrukshi HettiarachchiDecember 5, 2023 at 5:35 AM

    Informative article!
    Maintaining a demo trading platform is one of the best strategies for sharing knowledge. Video learning allows personnel to connect to their learning whenever and wherever they choose, fitting in with their existing schedules. This is especially useful for more time-poor employees, as the cost of sending people off-site is often perceived as a barrier to training. Numerous studies conducted throughout the years have also demonstrated the benefits of visual learning for memory recall of newly learned material. Gen Z seems to grasp and value the impacts of the digital age. (CIPD,2017)

    ReplyDelete
    Replies
    1. Hashanka Gunasekara - HR360December 20, 2023 at 4:09 AM

      Thank you Madusha bring the fact, how the generation impact on learning methods. Agreed on the fact that you mentioned on the Gen X, as they seem to love much digital and virtual learning.

      Delete

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