Meet Wall Street’s New A.I. Sheriffs

Elise Fleischaker Neurensic News

Inc.‘s 11th annual 30 Under 30 list features the young founders taking on some of the world’s biggest challenges. Here, meet Neurensic.

In 2013, a high-frequency trader named Michael Coscia was arrested in New Jersey for an activity called “spoofing”–essentially manipulating the market by flooding trading systems with future orders he had no intention of completing. He was fined $6 million–with the possibility of jail time. It was the first such prosecution under a new set of financial regulations from the 2010 banking reform law called the Dodd-Frank Act.

That was an aha! moment for David Widerhorn, 28, and it became his reason for founding Neurensic. Based inChicago, his company uses artificial intelligence to spot anomalies in high-frequency futures trading……

See the full article in Inc. Magazine