On April 27th in 2014, Monex, Inc. held an event ‘tradable CEO came to Japan! Hackathon using World’s First Open Trading Platform’. Throughout the day, for the aim of the development of new FX applications and creations, 40-talented people gathered together with developments and presentations by teams cooperated by tradable CEO Jannick Malling, Head of Ecosystem Torben Melchior, and Head of Operations Atsushi Ushiyama, later followed by a social gathering.
In the beginning, Geographic Japan of representative Mr. Seki explained the contents of the event, and then a video letter from Monex CEO Oki Matsumoto was played (In this video, he talked about the global potential and business possibility of developing the tradable applications and his ambitions for the approach to the community in tradable). Subsequently, Monex, Director of Department of Product Service Hitoshi Toyoshima and Trade Science, General Manager of Department of Development Katsumi Takai made opening remarks.
Afterwards, Jannick described his delight for the first time event in Japan, brief introduction of tradable, and the progress of FX retailing. He pointed out that, in the 1980s and 1990s, there was not enough transparency of information having been dealt on the phone, and that, after the year of 2000, people were lacking in individual platforms whose cost was high. He added that, in order to solve these problems, the open platform ecosystem by tradable since 2013 will enable the company to provide each customer with original functions and services and will give out a cloud sourcing evolution and innovation.
For your information, ’Hackathon’ is a coined word of ‘hack’ and ‘marathon’, and it usually means an event where programmers cooperate together to compete with their skills and ideas on a short term. At first attendees represent their ideas and each of them sign up for a team with the idea they are interested in. Later, they start to work on their ideas and developments. In the Hackathon, for each team four minutes of presentation time and one minute of Q&A were given, and applications of these teams were assessed based on feasibility, usability and originality. Seven teams, Team Chaos, Tram Social, Trade@GoodTime, voice order, Weather Girls, takagi and gogojungle were competing there, and below is the result:
Winner: Team Chaos MatsuriX
2nd Place: Trade@GoodTime
3rd Place: gogojungle trade one’s self
On December 7th in 2013, as a previous event of the Hackathon, Monex held an event ‘The Japan’s First Monex Ideathon (GoodWay report), Let’s think about a FX application for tradable’. About 20 attendees from various backgrounds, ranging from those who didn’t know FX, those who were skilled and had ideas, or those who were interested in FX applications as a business, gathered together to give their ideas over half the day.
Tradable Inc. was rewarded ‘Most Innovative Financial Product’ at Forex Magnates London Summit 2012 (GoodWay report) held by Forex Magnates specialized in the world’s FX news and FX industry research reports. Tradable provides ‘tradable appstore’ that has applications developed with open-API and tradable open-platform by system engineers from all over the world. Traders are able to download the apps for wither free or a charge to use them as part of function on the tradable-trading-platform. Having started in the UK and States in 2013, currently the number of 100 applications for traders in foreign countries, and Monex is processing the same service for traders in Japan. Also, it is introduced in one of our reports ‘Forex Magnates Tokyo Summit 2013 (GoodWay report / English version)’ for domestic FX markets.
(by Hiroshi Fujino GoodWay, Inc. / Translator: Ruri Eguchi)
