{"id":55288,"date":"2017-10-10T12:00:38","date_gmt":"2017-10-10T17:00:38","guid":{"rendered":""},"modified":"2017-10-10T12:00:38","modified_gmt":"2017-10-10T17:00:38","slug":"trading-technologies-acquisition-of-neurensic-couples-world-class-trade-execution-platform-with-cutting-edge-ai-surveillance-2","status":"publish","type":"news","link":"https:\/\/tradingtechnologies.com\/news-releases\/trading-technologies-acquisition-of-neurensic-couples-world-class-trade-execution-platform-with-cutting-edge-ai-surveillance-2\/","title":{"rendered":"Trading Technologies\u2019 Acquisition of Neurensic Couples World-class Trade Execution Platform with Cutting-edge AI Surveillance"},"content":{"rendered":"<p><strong>CHICAGO, October 10, 2017<\/strong> \u2014\u00a0<span style=\"font-weight: 400\">Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, today announced it has acquired Neurensic, LLC, an artificial intelligence (AI) regtech solution for trading, compliance, surveillance and banking. The terms of the transaction are not disclosed. <\/span><\/p>\n<p><!--more--><span style=\"font-weight: 400\">Founded in 2015, Neurensic has become the industry\u2019s leading AI platform for identifying complex patterns of trading behavior at a vast scale, across multiple markets in near real time. The platform combines high-speed, big data processing power with machine learning technology, providing firms with a continuous assessment of the compliance risk associated with complex trading behaviors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Rick Lane, CEO of Trading Technologies, commented, \u201cWe are pleased to acquire the Neurensic team and technology as it will help to further establish TT as the platform of choice for the buy and sell sides as they transition into today\u2019s world of complex information systems and trade analysis. The ability to provide literal push-button access to advanced machine learning surveillance capabilities, with zero infrastructure investment and zero integration cost, will allow our partners to further benefit from the value of our platform and network.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cArtificial intelligence and machine learning are rapidly altering the landscape of trading, and acquiring certain assets of Neurensic enables Trading Technologies to offer AI solutions that no other professional trading platform has offered before,\u201d said Michael Kraines, TT\u2019s Chief Financial Officer. \u201cAnd this represents just the first of several pending solutions powered by this technology that we will offer to our clients on the TT platform.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cWe are thrilled to become a part of Trading Technologies and are confident they will take our groundbreaking technology to the next level,\u201d said David Widerhorn, founder and CEO of Neurensic. He added, \u201cThis deal marks an important milestone in our mission to empower the industry with AI technology that is capable of understanding real-time data, and in doing so, supporting the industry in navigating the challenges in today\u2019s dynamic regulatory environment.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400\">Paul Giedraitis, Neurensic\u2019s COO and co-founder commented, \u201cTT\u2019s distribution network is second to none, and their clients are some of the world\u2019s most respected and sophisticated firms, so we are excited to see how the integrated product helps even more traders leverage what we feel is the top AI technology in trading compliance.\u201d <\/span><\/p>\n<p><strong>About Trading Technologies<\/strong><br \/>\nTrading Technologies (<a href=\"https:\/\/tradingtechnologies.com\">https:\/\/tradingtechnologies.com<\/a>, <a href=\"https:\/\/twitter.com\/trading_tech\">@Trading_Tech<\/a>) creates professional trading software and solutions for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers. TT provides access to the world\u2019s major international exchanges and liquidity platforms via its TT\u00ae and X_TRADER\u00ae trading platforms. For more information, see AI &amp; Compliance.<\/p>\n","protected":false},"author":6,"parent":0,"template":"","class_list":["post-55288","news","type-news","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news\/55288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":0,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news\/55288\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=55288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}