Social Stock Market Trading Game to Launch on 30th August

Aug. 21, 2012 - PRLog -- Trade Chase, the Oxford-based financial games startup and Wired.co.uk Startup of the Week, has announced that it will formally launch on August 30th. Trade Chase offers a range of financial trading games, including pool betting and prize competitions, which give players the chance to win real money.

The founders, James Tromans and Colin Smith, an Olympic silver medallist, believe Trade Chase is the first site to offer pool betting and prize competitions based on the financial markets. Trade Chase fills a gap in the market for trading games that reduce the cost, complexity and risk of financial investing, while still allowing users to experience the excitement of playing the markets. Players can choose from a range of games with entry fees starting from just £1. These deliver a similar gaming experience to that of online poker - a forum for players to pit themselves against each other for a communal prize pot. Trade Chase is also designed to be educational and require no experience of stock trading.

In addition to operating pool betting and prize competitions, Trade Chase has a number of features that distinguish it from other fantasy trading games. Firstly, players trade real companies, currencies and commodities using real-time data. Secondly, players can buy trading tools, such as Margin Account, to boost their performance. Finally, Trade Chase is heavily integrated with social media making it the first truly social financial game.

It is free to join the website, but in accordance with UK gambling laws, players must be 18 or over and must pass through an identification process. Trade Chase is pleased to be working with top-tier identity verification provider 192business Limited (part of Experian plc). Trade Chase takes its legal and ethical responsibilities very seriously and recognises that operating under license in a regulated industry, while expensive and complex, offers the greatest protection to customers.

Players signing up before the launch on August 30th will receive a £15 bonus. In addition, first-time deposits made before September 30th will be matched. Terms and conditions apply.

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For further information or images, please contact Colin Smith on +44.7747.618.344 or office@tradechase.com

Wired.co.uk: http://www.wired.co.uk/news/archive/2012-08/08/startup-of...

Trade Chase was assisted by technology lawyers White & Black Legal LLP; is a member of the Microsoft BizSpark Plus program; and uses 192business Limited for identity verification.