Just launched on July 6, the “Battle for Wall Street” is the hot new game you are looking for. Whether taking a break from the work day or escaping reality playing games on tablets and smart phones can be a great escape, if only for a moment. Popular games include fighting for candy, farm animals, and gangsters but the Battle for Wall Street is even more exciting as it allows one to use their intellect and fighting spirit together to become the top player and Wall Street titan. It is unique as it is the very first real-time, live-market mobile trading game in the world!
More than just a game it gets you into having fun understanding the world of making money.
You are the Chief Executive Officer (CEO) in the game with the job of building and managing your own trading firm. In order to make money as your goal you have to hire and manage your traders as in real life. A valuable learning experience as explained “The game uses actual market prices which are updated in real time. You make money by buying and selling financial instruments”.
Sign up for the free fun strategic game and begin the journey for the battle to win your standing as the CEO of your own trading company on Wall Street. You begin by choosing your own company name and filling in your demographics.
As the CEO you have an advisor helping you through the steps to begin the fun.
- First you are instructed to pick your desk, then click on the desk to hire a trader. I chose Jaime Prissy for her chic fashion is smart looks.
- As a new “Wannabe” my trader is only allowed to trade equities like Apple and Google with the promise that as they earn rank promotions they will be able to trade with other financial instruments for me.
- I am then instructed to click on Market Board to make first trade. Now I get to learn about using “Leverage” giving me the option to buy Leverage in order to multiply the number of shares I buy and sell while keeping the cost the same. I am instructed to buy 2:1 Leverage. I follow the instructions and buy my Leverage, then follow by choosing the Apple Equities.
- My advisor continues guiding me through the process explaining what it means to “Go Long”.
- I bought Apple to “Go Long”, still not sure of what I am doing but learning as I go. I now have a company portfolio and a congratulations that I just made my first trade!
- Now the fun, I get to change my traders attire with new clothing and hairstyle at the boutique and rearrange and buy new furniture to decorate my trading floor. I can pick music to listen to that gets me into the groove of the job. Time to begin my journey on the trading floor. I changed some gold bullion and took on the mission of being a “Rockstar Trader”.
I started buying more attempting to understand the industry as I played to learn how to win more. As you learn the game you have the option of buying more battle dollars. One even get to take breaks to play fun mini games to earn points for the trader. More fun can be had by rearranging and adding new decor to design your floor, and you can even sell unneeded furnishings to raise funds to trade with. Every day of play one even gets to spin a wheel for a chance to win new battle dollars and gold bullion.
Battle for Wall Street was born from the minds of the experts at Ronin Game Studios and Knowvera.
As a collaborative effort between Wall Street executives and mobile game developers, Ronin Game Studios came to life with the mission “To create innovative mobile games”. Ronin Game Studios is a subsidiary of KnowVera, a group of passionate traders and investors striving to perfect “innovative trading technologies” in creating “a superior trading experience.”
I spoke with Harry Temkin Partner and CEO of KnowVera and Ronin Game Studios, along with Stephen Kalayjian, Co-Founder and COO of KnowVera and Ronin Game Studios.
Before joining KnowVera Temkin worked in Executive Vice President positions for Thomson Reuters working mainly to develop the company’s global sell-side equities strategy, design and marketing of next-generation premium trading desktops, and working with top buy-side accounts to build customized analytical solutions. He is presently the Lead Director of the Kansas-based BATS Stock Exchange.
Kalayjian is the author of KnowVera’s proprietary trading strategy and other analytical products. His involvement in the equities markets spans more than 32 years, first as an Amex specialist with Spear Leads & Kellogg, and later was a specialist with several NYSE firms. He subsequently worked as an institutional wire clerk and then was a NYSE floor broker for a global institutional brokerage firm.
CRW: Are you both considered the game’s founders and developers?
Temkin: We are the games cofounders with the combined experience of over 50 years on Wall Street. We have known each other for over 25 years. Stephen was originally my client. Steve convinced me to come work with him.
Training is just one part of the game but the game is more like a Hay Day or FarmVille meets the stock market. Hay Day is really a commodities exchange growing goods and to expand a farm by converting raw materials into consumables. Wall street is much of the same idea bit in the trading market. We added fun things to make the game an exciting experience even when you lose money and reward people for just for taking chances.
Kalayjian: I would not be where I am today if it was not for what Harry built for me at Bridge, creating something truly unique back then. I have traded nearly two billion shares in my life. I wanted to build something to educate those from 13 years and up. People are intimidated about trading. In speaking to college kids the idea of the game came to me.
CRW: What brought you together to form Battle for wall Street?
Temkin: Steve and I were out to dinner talking about the game and someone listening in at a nearby table spoke up at what an amazing idea for a game we had. We brought him on board to help develop the game. The game is very exciting with so many aspects that have not be done before such as using real time data combined with other fun activities.
CRW: Do you see the game being used as a learning tool in schools?
Temkin: We realized that it could be an amazing educational device- not just a portfolio challenge like other games. With the game we have made the stock market incredibly fun to have a good time while bringing in real world elements with so much more going on rather than just numbers and trading. You can have fun designing your floor with interesting objects like a shark tank.
Millennial’s are really trying to take control of their own finances in running their own life off of their mobile devices. This is a device that teaches in a cool where one can go into real trading. Have partnered with the firm DriveWealth to eventually move game to actually trade with real company.
DriveWealth is in 140 countries and enlists college students to train in U.S. equity trading to promote the U.S. equity market. The broker dealer allows to actually transition to trade in the real market.
Kalayjian: We would like to host challenges and rivalries to do competitions with different schools. Anyone who likes Hay Day or FarmVille should like this game as well.
My 16 year old son was playing game with friends and then I found them looking on the computer at Yahoo Finance after learning about finance through playing the game. The game also allows for learning about different currencies along with trading as well.
I am constantly getting phone calls and emails from college kids about new ideas to incorporate into game. It is very exciting to see the young people get involved.
CRW: What do you wish to accomplish with the game?
Temkin: We built it to be an ultimate strategic game and realized that it can be fun and educational, as well as generate a significant amount of revenue. We want to take it to schools and colleges as well as get people to be able to learn how to trade in real life as with using DriveWealth within the game.
CRW: What gave you the ideas for King of Trading and MVP of Trading.
Temkin: We designed the games to work like DraftKings and FanDuel as in sports style fantasy games, but instead with fantasy trading.
King of Trading allows people in the U.S., where there are SEC regulations, to play the fantasy game with winning non-cash prizes. MVP of Trading was developed to be played in the same way as the King of Trading but for those living outside of the U.S., who are not under the State’s SEC regulations, to play the fantasy game to win actual cash.
Cutting edge to think way out of the box to see what people would like in the future two worlds, gaming world and financial trading world combined. We want to attract creative minds to help create additional games as well.
For more excitement check out the fantasy stock market games soon to be offered.
For those who are in the know about the ins and outs of trading and want to up their gaming abilities the go beyond the Battle For Wall Street by playing a fantasy stock market trading game much as one plays fantasy sports. The fantasy games soon to be released by the same masters of Battle for Wall Street. allow “trading in real-time to capitalize on actual market price movements throughout the contest time period”.
The King of Trading (of course one can be the Queen of Trading as well) states “We offer a variety of free daily and weekly trading contests in equities that offer winners the ability to redeem their winning Battle Coins for non-cash prizes”.
In the MVP of Training the game is the same as with the King of Trading except that one must be really confident as instead of winning non-cash prizes, the ante is upped allowing winners to earn actual cash prizes.
Playing Battle for Wall Street I am learning as I go about the exciting world of trading. The website is very informative in advising what trading actually is, types of financial instruments, how I can make money from trading and what profit & loss is. Battle for Wall Street is a fun way in helping one understand real life finances while having an amusing time playing a strategic game.
Gaming can be a learning adventure that is filled with fun excitement as well. Never be afraid to dance.
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