IRVINGTON, N.Y. & NEW YORK--(BUSINESS WIRE)--WestClinTech released a case study today finding that Fusion Ventures has diversified its revenue and increased its returns through the development of genetic algorithms for options trading by leveraging XLeratorDB, the in-database analytics solution by WestClinTech.
Fusion Venture’s implementation of WestClinTech’s XLeratorDB enabled the private equity firm to migrate from its experimental Excel modeling environment to Microsoft SQL Server and greatly expand its trading program.
According to Kenneth Jones, founder and managing partner of Fusion Ventures, “Working with randomly generated genetic algorithms becomes a numbers game.” Having previously worked with Excel, Jones knew its limitations running vast amounts of data and calculations. Additionally, Fusion Ventures also needed to automate the creation of new genetic algorithms.
“Each model generated is like a neuron in your brain. We taught the system to preserve the neurons that are smart or good and then kill the neurons that were predicting nonsense,” Jones explained.
The power and versatility of XLeratorDB has been invaluable to Fusion Ventures.
Jones created an environment running XLeratorDB on SQL Server in the cloud. Using XLeratorDB, Fusion Ventures is now generating over 3 million new, unique predictions every day.
Jones explained, “We’re on the third iteration of the system, and, to date, it’s generated over 56 million predictions. The server is running in the cloud 24 hours a day, 7 days a week. It’s actually fun to wake up in the morning and see what innovation was created overnight.”
With Fusion’s option portfolio already up over 75%, Jones is looking to expand its option trading program and the firm’s use of XLeratorDB. Jones added, “XLeratorDB has made us a 15X return and it offers 500 times the processing that Excel is capable of.”
“This is a very data processing intensive system that would not be possible without the use of XLeratorDB and SQL Server.”
WestClinTech is a software developer based in Irvington, N.Y. The company's flagship product, XLeratorDB, is a unique suite of products (Finance, Statistics, Financial-Options, Math and Engineering) that provide value to small, medium and large businesses. XLeratorDB includes over 750 different functions that improve performance, minimize operational risks and enhance the value of SQL Server. XLeratorDB supports SQL Server 2005, 2008 and 2012.
Please visit www.westclintech.com.
About Fusion Ventures
Fusion Ventures is a growth focused investment and advisory services firm operating in Washington DC and Chicago IL. The company’s unique methodology focuses on strengthening a company’s brand, implementing sound financial controls, and inspiring and motivating senior leadership teams to increase company cash flows. Since its inception, Fusion has made meaningful capital investments in promising early stage Healthcare firms and value-added investments (performance based Advisory, Interim Executive, and other business growth services) in leading Government Services Firms based in the Washington DC area.
For more information, visit www.fusion-ventures.com.