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TheStreet Open House

FXCM Launches Forex Freestyle App Challenge

Stocks in this article: FXCM

FXCM Inc. (NYSE:FXCM), a global online provider of foreign exchange (forex) trading and related services, today launched the Forex Freestyle App Challenge, a competition for software developers to create innovative applications that help the public participate in forex trading.

FXCM is challenging developers in the United States to create fully operational, robust applications using the ForexConnect API.

“The ForexConnect API offers the same functionality of the award winning FXCM Trading Station platform,” said Sameer Bhopale, chief marketing officer of FXCM. “This includes all of the available order entry types, managing your positions, downloading historical instrument rates, getting account reports, rates, and more. ForexConnect makes it possible to develop rich applications that extend the functionality of the FXCM Trading Station.”

Mr. Bhopale added, “Forex Connect is able to work in Windows, Mac, Android and iOS. This flexibility is pretty much unheard of when it comes to a full-fledged API with the capabilities and functionalities of Forex Connect.”

Developers may incorporate games, streaming news, prices and news alerts, trading tools, currency converters, educational content, or any other functionalities of interest into their apps.

Categories for the prizes include:

  • Grand Prize - $25,000
  • Second Prize - $10,000
  • Third Prize - $8,000
  • Best Game - $5,000
  • Best Educational App - $5,000
  • Best Mobile Trading App - $5,000
  • Popular Choice - $1,000
  • Large Organization Recognition Award

A panel of judges from the finance and technology industries will evaluate eligible apps and include:

Evan Milazzo -  EVP of Technology - FXCM Claudio Flores -  Team Lead for Programming Services - FXCM Matt Harris -  Managing Director - Bain Capital Ventures Howard Lindzon -  Co-founder and CEO of StockTwits, Managing Partner of Social Leverage

In addition to the cash prizes, a no-cash, Large Organization Recognition Award will be given to competing organizations with fifty or more employees. The Popular Choice winner will be selected by public vote.

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