+sean mccormack's start-up, StockFuse is breaking a gender barrier in finance:
New York-based StockFuse has developed a platform that enables students or others seeking a job in finance to compete in virtual portfolio management games. Without having to invest any actual money, candidates can show off their skills by trading real stocks in real time with real prices. Games are hosted by financial institutions who can then invite the top performers for interviews or meetings.
Sean McCormack, the chief executive of StockFuse, used to be a trader at Deutsche Bank. He believes the platform allows banks to widen their applicant pool by reaching talented candidates they might otherwise have missed – for example, because they were at universities from which the banks do not generally recruit.
“We want to use gaming technology to help level the playing fields from people of different backgrounds, gender and race,” McCormack said.
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