Reuters Offers $25,000 in Prizes to Build Innovative Financial Mobile Apps

Adam DuVander, April 23rd, 2010

Thomson Reuters Knowledge DirectYou might not expect a company nearly 160 years old to innovate its industry. Perhaps that’s why Thomson Reuters is looking to developers to create the next big thing for financial professionals. To get there, the company is sharing mountains of data via its new Knowledge Direct API and offering $25,000 in prizes for its app contest.

The StreetApps Challenge provides several content sets related to Wall Street, including market data and news. The apps written in this challenge should be written to work on iPhone, iPad, Blackberry, or Android. Of course, they must also use at least one of the content sets, but can also combine it with other data.

The full list of content Thomson Reuters is making available:

  • Market Data from global major exchanges and indices
  • Company Fundamentals Data
  • Wall Street Events (StreetEvents)
  • Consensus Broker Estimates
  • Reuters Online Reports for Financial News & Pictures
  • Market-wide Significant Developments Updates

The prizes are a mix of cash, toys and visibility. First place will get $15,000 and an iPad. Second and third places take home $5,000 and $2,500. A “Popular Choice” award will be given to the winner of an online poll–that’s worth $2,500 and an iPad. All four will be shown on the Thomson Reuters Jumbotron in New York City.

Reuters may seem like a stodgy old company, but its history is rooted in being innovative. Founder Paul Reuter took advantage of the new telegraph in 1851 to relay stock news between Paris and London, launching the company in the process.

Now Thomson Reuters (which acquired Reuters two years ago) is looking to you for the next innovation. What will you create with their finance data? For inspiration, see our 55 finance mashups.

Tags: Contests
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5 Responses to “Reuters Offers $25,000 in Prizes to Build Innovative Financial Mobile Apps”

April 23rd, 2010
at 1:28 pm
Comment by: johnk

“Thomson Reuters and its subsidiaries will retain all Intellectual Property rights to any applications chosen to receive prizes, and may use those applications as they wish in the future.”

So they are ponying up 30 grand & a couple of i-pads for R&D.

April 25th, 2010
at 11:39 pm
Comment by: johnl

Humm… looks like they’ve come to their senses and removed that restriction…

April 27th, 2010
at 5:10 pm
Comment by: Arthur

Nice ! But too bad they are not allowing french residents to participate…
Only U.S.A, United Kingdom, India, Hong Kong and Australia are allowed to register.

May 28th, 2010
at 12:09 am
Comment by: Location-based App Contest LocationWild Starts Saturday

[...] by you. That may seem obvious, but some contests have less favorable terms for developers. A recent financial mobile app contest from Reuters originally planned to transfer intellectual property from winners. It later removed that [...]

August 6th, 2010
at 3:24 am
Comment by: Have Your Say in the Street Apps Challenge

[...] submission phase, which we covered in April, ran until early July. We are now in the public voting phase, that ends on August 29, 2010. Visit [...]

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John Musser
Founder, ProgrammableWeb

Adam DuVander
Executive Editor, ProgrammableWeb. Author, Map Scripting 101. Lover, APIs.