About Us
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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
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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.
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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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