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Language: English
Tags: stocks
About David Lee CT

The history of BrainCapital technologies has its humble beginnings in 1988 . David Lee secured a Singapore Merchant Banking Scholarship which led to stints in Goldman Sachs New York and trips to Chicago Trading Houses . This helped to incubate an idea to develop a machine driven program-trading software for foreign exchange


David with help from scientists came up with the first version a couple of years later and subsequently in April 1993, made a presentation of the model and findings at the SECOND ANNUAL INTERNATIONAL CONFERENCE ON ARTIFICIAL INTELLIGENCE APPLICATIONS ON WALL STREET. The underlying pattern recognition technology has undergone much refinement ever since.

Between 1993 and 1997, the software was used extensively by program traders at Hong Kong Bank, Swiss Bank Corp and BHF Bank.
Subsequently , a governmental grant and venture capital group funding by Boston based VC followed in 1998 .

Since then , Braincapital technologies has been used by several MNC banks and also a Top 10 program trader who traded 12 percent of stocks on the NYSE. The technologies use state of the art artificial intelligent technologies like neural nets , fuzzy logic and genetic algorithms . Through millions of computational intensive mathematical calculations , the technologies output a 6 step best scenario for each individual stock , bond or currency .Statistically , it can be verified that the technologies has a 65 to 80 percent accuracy rate of predicting price momentum ( speed of trend ) for intraday , daily and weekly time spans. Viceroy International Limited in 2002 completed the 100 percent buy back of BrainCapital technologies .

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