CHICAGO, September 16, 2016 — Neurensic, a fintech artificial intelligence (AI) startup, today announced that its CORE™ product has been selected by Vine Street Trading for its market surveillance and compliance capabilities. Vine Street Trading is a Chicago-based, principal trading group that has focused primarily on electronic futures markets throughout its 10 year existence.
“We are proud to partner with an established market maker with complex futures trading strategies in Vine Street Trading,” said David Widerhorn, founder and CEO of Neurensic. “With our goal of providing clarity for traders, firms and regulators on the issue of disruptive trading, we are pleased to add a new partner to leverage our AI technology.”
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. Vine Street Trading will integrate CORE to analyze its futures trading strategies.
The new partnership with Vine Street Trading comes on the heels of the announcement regarding a recent relationship with Chicago-based principal trading firm DV Trading. In addition, Neurensic has opened an office in Silicon Valley this year led by Chief Technology Officer Dr. Cliff Click, who 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.
For more information on AI, compliance, and disruptive trading follow @neurensic on Twitter.
About Vine Street Trading:
Founded in 2006, Vine Street Trading LLC is a Chicago-based principal trading firm that participates in the electronic futures markets.
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