A social network app for finance that uses gamification to crowdsource market sentiment data has been launched by former Deutsche Bank executive Kerim Derhalli.
Available on the Apple store, invstr lets players predict the future of individual instruments and the overall performance of the market through virtual trades.
Players get access to the market sentiment built up by their fellow users as well as news from sources such as the Financial Times and Dow Jones and market data.
For live data, they have to pay one cent per instrument per day, five cents for commentary and 99 cents for research reports. Alternatively, they can get an annual subscription for $94.99.
Users can benchmark themselves against other players, chat to each other, form clubs or use the app's 'Topic Rooms' to share ideas and insight into how the markets are performing.
The app is the brainchild of Kerim Derhalli, who spent 30 years in the City, most recently as global head of equity trading at Deutsche Bank.
Says Derhalli: "Invstr gives everyone the chance to play at trading and helps those with natural talent stand out through their scores. People can finally get a mood of the marketplace, which is much more accurate than previous sentiment tools; it's not based on subjective hearsay, but on individual's quantitative predictions."