CHICAGO, August 15, 2016 — Neurensic, a fintech artificial intelligence (AI) startup, today announced that its CORE™ product has been selected by DV Trading for its market surveillance and compliance capabilities. DV Trading is a Chicago-based principal trading firm with approximately 250 employees that has traded derivatives and securities for the past 10 years.
“We are excited to further bridge the gap between professional trading and compliance, as the technology that powers sophisticated trading has long outclassed legacy compliance technology,” said David Widerhorn, founder and CEO of Neurensic. “DV Trading is a sophisticated trading firm that trades a variety of asset classes and strategies, and thus we are very pleased to have them as a client and partner.”
CORE uses self-adaptive technology that automatically provides 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. DV Trading will use CORE for both its futures and equities trading strategies.
While there are a number of industry incumbent compliance products, DV Trading thought the best strategy was to go with Neurensic; the company that has done the best job coupling AI with cloud technology, and which also has strong trading domain expertise.
In addition to the new partnership with DV Trading, Neurensic recently opened an office in Silicon Valley led by Chief Technology Officer Dr. Cliff Click, one of the pioneers of Java compilation technology and creator of H2O, the world’s fastest distributed AI framework. Dr. Click is responsible for the ongoing development of the firm’s compliance and operational risk tools. He and his team are bringing to life the infrastructure that will allow for cross-asset surveillance of the global financial system.
Founded in 2015, Neurensic’s mission is to strengthen and protect the financial services industry by using machine learning technology to reveal insights from data and empower organizations to evolve into the future. Its vision is to be the migration path for the industry to transition beyond legacy IT, and into the modern world of complex information systems. Neurensic’s solutions combine Silicon Valley artificial intelligence and analytics capabilities with deep financial markets domain expertise, in order to solve urgent and relevant industry problems. Follow @neurensic on Twitter.
About DV Trading:
Founded in 2006, DV Trading LLC is a North American-based proprietary trading firm with 250 traders and employees that participate in derivatives and securities markets worldwide.
Neurensic Media Contact: