Video: Charity Wins Financial Hackathon Held By Tradable
App which donates money to charity gets the main award
Last month a charity won the world’s first financial trading hackathon, hosted by tradable, the company behind the world’s first app-based trading platform.
Described by the organisers as a “30-hour collaborative code-jam”, the event attracted 50 designers, hackers and traders to a single loft space in downtown New York City.
Disrupting Wall Street
Tradable is essentially the first API platform that allows developers to make apps that can trade financial markets. The idea behind the event was to mix traders from hedge funds, banks and brokers with designers and hackers from the social web world, and let them get creative on the API.
“It was great to see so many people gather for the hackathon, and the ideas that were coming out of the teams were phenomenal,” said Jannick Malling, CEO at tradable. “Brokers are realising that traditional methods of trading are changing rapidly and becoming less archaic.”
“What tradable does is create a new vision for not just brokers, but traders, hackers and designers too, bringing them all together in the new vision for the future of the industry. Not everyone at the event was used to the financial terms, but everyone worked together smoothly to ensure that everyone understood the various different elements of the hackathon.”
In the true spirit of disrupting Wall Street, the first prize was awarded to TotallyDonated, a charity app that allows traders to automatically donate profits from their transactions to various non-profit organizations.
It was followed by TradeMusic, a mashup of SoundCloud and tradable API which plays different tunes based on the ‘mood’ of the market [sounds scary to us - editor]. The third place was taken by FX GameRoom, a gaming app that allows traders to battle each other in competitions.
Tradable will work with the winners to help them finish the apps before they are distributed.
What did the event look like? Well, you can see it in the video below:
developer.tradable.com is still in a private beta, but it will be opening up for public testing in the coming weeks.
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