Welcome!

News Feed Item

Flick a Trade Gamers Vie Against Competitors in New Release

LONDON, March 27, 2014 /PRNewswire-iReach/ -- Flick a Trade—the only reality trading game using live market data—just got more real by adding competition: In newly-released version 3.3 for IOS, players can test their trading skills against competitors around the world, entering timed challenges that reward top scorers. "Competition is key, and relative performance is a very meaningful measure of success," says Kerem Ozelli, CEO of Cygnecode, the makers of Flick a Trade. "It's more fun to play against your peers, although Flick a Traders can still play on their own too."

(Photo: http://photos.prnewswire.com/prnh/20140327/MN91133)

In this latest iteration, new players earn 5,000 Flick a Trade (FaT) dollars for completing the interactive tutorial. They then try to earn additional FaT dollars by playing solo against the market or by entering multiplayer challenges to compete against other gamers. Flick a Trade runs a variety of multiplayer challenges, some international, some localized, which typically last 24 hours.

All challengers trade specified live markets for a set amount of time to register a score—a direct reflection of the profit or loss they generate during their trading session. At the end of each challenge period, top scorers earn a scaled share of the prize pool, with first place winning the most FaT dollars and so forth. Flick a Traders can enter the same challenge multiple times, increasing both their chances of winning and the size of the pool. Also, they can claim a prize so long as they outperform other players, even if they don't actually beat the market.

Flick a Trade lets players enjoy the thrill of trading risk free. It is a novel audiovisual game experience that streamlines market interaction to make it more intuitive and fun. Using only familiar mobile gestures, such as flicking, pinching and tapping, players can trade more than 70 different instruments, including currencies, commodities and indices, available 24/5. On weekends, when markets are closed, they can trade five fantasy commodities: kryptonite, octogen, nucleon, diamonium and galvorn.

Single players profit from correctly gaging market direction. The game is designed to help players develop key trading skills, readily transferable to the real world. For example, players must limit their losses by specifying upfront how much they are willing to stake and for how long they want their trading session to last, from one minute to one day. They can never lose more than they stake, nor can they enter into open-ended games of the sort that end in the real world only when they lose everything. Players can cash out at any time. If they lose their stake, they are out of that game instantly. Alternatively, at the end of each solo session, players keep whatever they make.

Additional design features serve to eliminate other mistakes that aspiring traders often make. For instance, because different instruments have different price movements and risk levels, the game sets standard, risk-adjusted trade sizes for each one. Also, how much a player stakes automatically limits their transaction power in terms of trade size. They cannot blow their entire stake on one bad call but instead build up a position of 20 separate open trades. In this way, they can trade at different prices and try to shift the distributed average in their favour. Similarly, players can take positions in many markets simultaneously, using gains in one to absorb losses in another. They can go long (starting with buying) or short (starting with selling), benefiting from both upward and downward price movements.

"From the performance stats, we see people becoming better Flick a Traders all the time," Ozelli says. The more they play, the better they get—from spotting trends and hot markets to mastering an array of strategies for pulling high scores. Persistence pays: Because scores accrue over multiple games, even average players can accumulate big winnings without ever making massive windfalls in single games. "The stats underscore the reality that trading is a game of skill," Ozelli adds. "It's social, it's competitive and it offers better odds than any other chance game around: Even beginners have a 50% chance of winning as markets can only go up or down."

Cygnecode is a London (UK) based technology company with offices in Vienna, Austria and Dresden, Germany. They are an experienced team of finance, technology, design and media professionals who have worked together—across borders, across disciplines, across corporations—for many years. They develop trading games and gamified trading applications. 

To view this video on YouTube, please visit: http://www.youtube.com/watch?v=aotKDewBwYM

Media Contact: Kerem Ozelli, Cygnecode Ltd., 44 20 7193 8426, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Cygnecode Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Leading cloud-centric IT organizations are establishing core capabilities to improve productivity, control costs and provide a highly responsive end-user experience. Key steps along this journey include creating an end-user cloud services catalog, automating workflows and provisioning, and implementing IT showback and chargeback. In his session at 19th Cloud Expo, Mark Jamensky, executive vice president of Products at Embotics, will walk attendees through an in-depth case study of enterprise I...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential. In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...