CHICAGO--(BUSINESS WIRE)--Neurensic, Inc. today announced the launch of their next-generation product suite at the 31st annual FIA Futures & Options Industry Expo. Headquartered in the Chicago Board of Trade Building, Neurensic provides business intelligence software that leverages machine learning technologies to address the significant compliance and operational challenges facing the trading industry.
At the Expo, they released two products:
- CORE™ is the trading industry's first intent-based surveillance solution, motivated by the sophisticated compliance demands of today’s post-Dodd-Frank era. It uses self-learning technology that automatically recognizes new “disruptive trading” practices, providing firms with a continuous assessment of the compliance risk associated with complex trading behaviors. This enables compliance professionals to more effectively reduce market harm and minimize potential liability to their organizations.
- OPS™ is the trading industry's first technology solution that enables firms to understand the true value of their customer population in light of the technological complexities of the modern trading world. It uses sophisticated predictive analytics and visualization technologies to reveal the underlying costs, revenues and risks associated with each customer. This information paired with real-time simulation enables firms to not only gain valuable insights into their operations, but to directly implement selective and variable customer pricing that recovers cost and prices risk appropriately.
David Widerhorn, CEO and original innovator of the platform, commented, “One of the things that makes us unique is that we operate at the intersection of specific domain expertise—trading and machine learning. We have gathered some of the most accomplished professionals across the financial industry and coupled them with some of the best engineers in artificial intelligence and computer science to create a state-of-the-art platform. Though we have already begun to provide clarity to particular trading participants, we are excited to make our software available to the trading industry as a whole.”
Chairman of Neurensic’s Board of Advisors and Chairman Emeritus of CME Group, Leo Melamed, added, “The futures industry was in the vanguard of applying technology during its migration from the floor to the screen. It is incumbent on our industry to continue this heritage by developing new technological applications that will keep us viable and strong. Neurensic’s mission is just that.”
Joseph Guinan, CEO of Advantage Futures, whose firm has been using Neurensic’s market surveillance technology for almost a year, offered, “With Neurensic technology we have greater clarity and a better understanding of our massive amounts of client trading data. Neurensic’s market surveillance technology provides insight that is very useful in detecting potential disruptive trade practices head on.”
Neurensic was co-founded by four financial technology industry veterans: David Widerhorn, Chief Executive Officer; Tim Geannopulos, Chief Operating Officer; Zachary Watts, Chief Technology Officer; and Paul Giedraitis, Managing Director of Technical Sales. They have now assembled a team of over 30 professionals to help support and evolve their product line including Blake Hausladen, Managing Director of Customer Experience and Tayloe Draughon, Managing Director of Product Design. Information on the entire team can be found at: www.neurensic.com/team.
Demos are available at their FIA Expo booth #1103 or by contacting Lindsey Geannopulos at firstname.lastname@example.org or at (888) 722-2204.
About Neurensic: Founded in 2015, Neurensic’s mission is to strengthen and protect our most vital industries by using machine learning technology to reveal insights from their data and empower them to evolve into the future. Its vision is to enable industry measures of risk and quality that evolve and learn as conditions change, bringing together business communities by creating unified standards to address difficult and uncertain issues. Find more at www.neurensic.com