LONDON, NEW YORK, December 13th 2004 – Telerate, a leading global provider of real-time information and transaction services, today announced that it was providing Foreign Exchange pricing to Trader Games via TelerateFeed and the Telerate Connect toolkit.
Trader Games, the brainchild of well know financier Dermot Desmond, has just been launched in the United Kingdom offering a variety of real-time market based games. Aimed primarily at the financial community, Trader Games offers players the opportunity to compete for cash rewards against other players, in games that test their skill and their judgment of the international financial markets. The initial game challenges will be in Foreign Exchange.
Doug Jeffrey, Managing Director of Telerate, EMEA, said "We are extremely pleased to support the new portal in providing foreign exchange pricing to Trader Games and will be expanding the data sets as new games based on other financial markets, such as fixed income or commodities, are added. This relationship is unique in that the portal is the first in the world to offer financial professionals the opportunity to compete against each other applying their skill and judgment trading real time online foreign exchange."
Trader Games spokesman, Hugh Curran said "Integrating Telerate’s prices via the Telerate Connect toolkit was a straightforward task for our development team. The initial feedback from our users indicates that the Foreign Exchange pricing from Telerate is of the highest quality, which is very pleasing, the quality and accuracy of the pricing will be an extremely important factor in the success of the trading service."