November 13, 2017
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Consumers have been turning to third-party financial apps that seamlessly connect with their banks. To achieve true global connectivity in the age of the open financial web, a new standard for data sharing must be created, adopted, then actively governed under a framework of strict interoperability.
Yammer, a microblogging-for-business site and winner of the top prize at the recent TechCrunch50 conference, has released an API to allow developers to build their own applications around the service (Yammer API profile). Created by the people behind genealogy site Geni, Yammer has taken the tried and tested Twitter model, which asks users to answer the question "What are you doing?" in 140 characters or less, and adapted it for businesses, turning the question into "What are you working on?"
While we typically associate API trading with big brokerages or hedge funds running high-frequency arbitrage strategies, in reality, it's a broader market with many more opportunities for entry than most people think. API trading involves executing trades that are generally placed by an algorithm.