Inside Job Neurensic data scientist rocks out in a ‘lounge’ above Board of Trade
Neurensic
Source: Chicago Tribune on October 3, 2016 What's it really like to work at Chicago startups and tech companies? Blue Sky's Inside Job lets people on the ground tell us in their own words. Carolyn Phillips, 39, Lead Data Scientist at Neurensic Neurensic uses machine learning — advanced mathematical techniques — to detect when traders are doing fraudulent, manipulative things in the financial markets. We started in 2015. We have about 25 people. There are four of us on the data-science
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Momentum Ignition: Arson for Financial Markets
Neurensic
ESMA has defined momentum ignition as a case of prohibited market manipulation. ICE Canada considers this to be disruptive, and so does the CME Group. One UK government report stated that momentum ignition will “induce algorithms to compete with other algorithms, can push prices away from fundamental values.”* This leads us to the question - what exactly is momentum ignition? And how do we detect that is has occurred so that compliance teams can surveill for this prohibited activity? An
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Cliff Click CTO
Neurensic Appoints Dr. Cliff Click as Chief Technology Officer, Announces New Innovation Lab
Andrew Hennessy
April 07, 2016 12:55 PM Central Daylight Time CHICAGO & SAN FRANCISCO--(BUSINESS WIRE)--Neurensic, an artificial intelligence technology startup focused on software-as-a-service solutions for the financial services industry, today announced that Dr. Cliff Click has been named Chief Technology Officer. Dr. Click joins Neurensic from H2O.ai, where he was CTO and co-founder. As CTO of Neurensic, Dr. Click is responsible for the ongoing development of the firm’s compliance and operational risk products, CORE and OPS, as well as the firm’s distributed
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One Step Ahead: Can Silicon Valley Help Compliance?
Andrew Hennessy
By Jim Kharouf, John Lothian News | April 1, 2016 If you are chief compliance officer at a firm – brokerage or fund – what if you could tell if the customer or one of your traders was about to do something bad, wrong or illegal? The operative words are “about to.” Chicago-based start-up Neurensic says its can do this now using artificial intelligence technology to identify behaviors that could threaten a firm’s well-being and prevent that firm, bank or
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Davos
Davos: ‘Future of Jobs’ Report Predicts Fintech Shift
Andrew Hennessy
By Anna Reitman, Finance Magnates | January 22, 2016 A major shake-up in employment across financial services can be expected thanks to advanced technologies like machine learning, according to a high profile report presented at this week’s World Economic Forum in Davos, Switzerland. For anyone watching the way one asset class after another is going electronic, the prediction that robots will be running trading systems of the future might seem axiomatic. But does that mean there’ll be fewer jobs in
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Inside One Chicago Startup’s Plan to Target Spoofers
Andrew Hennessy
By Lynne Marek, Crain's | December 9, 2015   As trading companies scramble to obey new anti-spoofing rules, one Chicago software startup stands to benefit from the rush to comply. Chicago-based Neurensic, formed this year by David Widerhorn and three co-founders, has raised $3 million to expand a software business that sells tools to help futures traders and brokers follow the rules barring disruptive trading practices, like spoofing. "Spoofers" place orders with the intent to quickly snuff them out and
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Google and Facebook Race to Solve the Ancient Game of Go With AI
Andrew Hennessy
RÉMI COULOM SPENT the last decade building software that can play the ancient game of Go better than practically any other machine on earth. He calls his creation Crazy Stone. Early last year, at the climax of a tournament in Tokyo, it challenged the Go grandmaster Norimoto Yoda, one of the world’s top human players, and it performed remarkably well. In what’s known as the Electric Sage Battle, Crazy Stone beat the grandmaster. But the win came with a caveat. Over
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Apple Reportedly Buys Secretive Deep Learning Startup Perceptio
Andrew Hennessy
Perhaps in an attempt to make Siri smarter, or to keep the competition’s products dumber, Apple has acquired secretive artificial intelligence startup Perceptio, according to a report today. Bloomberg said Apple has confirmed the acquisition but will not discuss details of the purchase. The news comes just three days after a report that Apple had bought another artificial intelligence startup, VocalIQ. Perceptio does not have an official website, and the two employees named in the article, Nicolas Pinto and Zak Stone, do
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Machine Learning and Spoofing: A New Type of Tool for a New Type of Rule
Andrew Hennessy
By Blake Hausladen and David Widerhorn | November 04, 2015 Neurensic is a Chicago-based company that has developed a set of tools for the detection of disruptive trading practices such as spoofing. It uses a form of artificial intelligence to search through trading data and identify patterns of activity that may raise a red flag for regulators. In this article, two of Neurensic’s founders explain how machine learning works and why it is particularly suitable for this type of compliance
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IBM Acquires AlchemyAPI to Bring Deep Learning to Watson
Andrew Hennessy
Technology heavyweight IBM today is announcing that it has acquiredAlchemyAPI, a startup with a service for making inferences on images and text using a form of trendy artificial intelligence called deep learning. The idea is to bolster the IQ of IBM’s Watson “cognitive” computing system with AlchemyAPI’s tools. Terms of the deal weren’t disclosed. Deep learning — which involves training systems called artificial neural networks on heaps of data like pictures or speech and then throwing new data at the
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