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
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...