23 August 2017
Find out more

Securities tech cloud start-up punts $1 million on gaming showcase

23 September 2010  |  7670 views  |  0 cash

Netik alumni John Wise and Colin Close have resurfaced at a new cloud-based securities technology start-up which is inviting seasoned market professionals and first-time investors alike to take part in a virtual stock trading game with a $1 million payout.

The interactive investment game allows players to test strategies and methods across 35 of the world's stock exchanges. Players will be ranked and prizes distributed on a weekly and monthly basis, with the ultimate $1 million prize awarded at the end of a nine-month play period.

The game has been conceived as a showcase for InvestCloud LLC, a technology start-up that delivers securities technology and services from the cloud. The firm is the latest venture from John Wise and Colin Close, the former CEO and president of Netik respectively, who quit the data management firm in April this year.

Wise, now CEO of InvestCloud, says: "As a firm we have been focused on leveraging existing cloud technology and strategic partners, but to fully demonstrate our technology, we had to think very differently about our architecture and development tools."

He says the company has developed patent-pending technology that enables the firm to build sophisticated applications with very little programming, "a service that we will deploy beyond the PlayMyMillions game for private companies and institutions".

The game, available for signup now through a dedicated Website, will be accessible through facebook in November and as an app on the iPhone and Blackberry by December, he says.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche CIO to lead cloud alliance

Deutsche CIO to lead cloud alliance

27 May 2010  |  11597 views  |  0 comments
Banking cloud consortium to take on 'legacy tech' vendors

Banking cloud consortium to take on 'legacy tech' vendors

29 April 2010  |  13950 views  |  1 comments
Flatley displaces Wise and Close as CEO and president of Netik

Flatley displaces Wise and Close as CEO and president of Netik

13 April 2010  |  12549 views  |  0 comments
Cloud-based B2B integration on the rise - research

Cloud-based B2B integration on the rise - research

19 January 2010  |  6374 views  |  0 comments
Banks sceptical on cloud computing - survey

Banks sceptical on cloud computing - survey

21 July 2009  |  8838 views  |  0 comments
Wall Street look to cut costs with cloud computing - survey

Wall Street look to cut costs with cloud computing - survey

24 June 2009  |  15043 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12691 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11304 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10429 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10420 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10408 views 0 | 6 tweets | 1 linkedin