1979 – Mendelsohn and Technology
What did technology look like for most people in 1979? It looked like the Atari personal computer or the Sony Walkman.
For Mr. Mendelsohn, technology looked dramatically different as he had the foresight to know that it could transform the trading industry.
He had traded equities and stock options while in graduate school. In those days he was analyzing the markets with hand-drawn charts and a hand-held calculator. In 1977, while working as a hospital administrator, Mr. Mendelsohn realized that technical analysis and trading could be revolutionized by computer software. Traders, like himself, could make more profitable decisions with technology by their side. He immediately began applying personal computers to technical analysis and permanently changed his profession.
Mr. Mendelsohn formed Market Technologies in 1979 for the purpose of licensing the trading software that he developed for himself, beginning a revolution that laid the groundwork for today’s sophisticated trading technology.
2 – Industry-Changing Patents
Mr. Mendelsohn holds not one, but two significant patents. What’s the backstory? In the 1980s, when other traders still had a myopic focus, he began to recognize the dynamic interconnections occurring between related global markets and integrated them into his computerized trading strategies.
Since it is humanly impossible for a trader to visualize and calculate these complicated relationships, Mr. Mendelsohn applied sophisticated mathematical processes known as neural networks to the VantagePoint Trading Software to perform intermarket analysis.
On May 14, 2013, Mendelsohn was granted Patent Number 8,442,891 by the U.S. Patent Office. This covered his proprietary computerized processes for applying neural networks to intermarket data. His second patent, Patent Number 8,560,420, involved his invention of predictive technical indicators that can forecast trends and changes in trend direction, was granted on October 15, 2013.
Mr. Mendelsohn has continued to be the driving force behind innovations in technical analysis trading software. He has implemented intermarket analysis through the use of neural network pattern recognition to create leading technical indicators that now forecast hundreds of global financial markets daily.
62 – Employees who Love Louis Mendelsohn
Market Technologies currently employs 62 people. Many people have called Market Technologies home in the last 37 years. What started as a small endeavor by a man with a desire to help others succeed, has grown into an award-winning company.
Market Technology’s first recognition came from Deloitte & Touche. They recognized the company as one of the 50-fastest growing tech companies in Tampa Bay in 1998. In 2004, Inc. Magazine recognized the Wesley Chapel-based company when it named them to the Inc. 500 List of the fastest growing private companies in the U.S. Throw in recognition from the Tampa Bay Business Journal as “One of the Best Places to Work in Tampa Bay” in 2006, 2007, 2011 and 2013 and you have yourself a company that continues to change peoples’ lives in more ways than one.
86 – Unmatched Accuracy
Reverse 68 and you get 86. Why is this important? Because VantagePoint Intermarket Analysis software, Mr. Mendelsohn’s brainchild, predicts market trends with up to 87.4% accuracy.
Unlike the work of so many people in the financial world, Lou Mendelsohn’s legacy is both verifiable and lasting.
Mr. Mendelsohn one of the first pioneers to apply personal computers and trading software to technical analysis. He was also the very first person to introduce back testing into trading software for personal computers in 1983 with ProfitTaker. As a result, Mr. Mendelsohn was instrumental in transforming technical analysis from its earlier pre-computer days into a multi-million dollar trading software industry. As for his own company, Louis Mendelsohn has grown his trading software empire, Market Technologies LLC to be a continued leader in market forecasting with VantagePoint’s up to 87.4% verifiable accuracy.
15,000 – VantagePoint Customers and Growing
That’s the number of traders Louis Mendelsohn has helped to transform their lives with his invention of VantagePoint Intermarket Analysis Software. Traders from all walks of life and across the globe now have a trading tool to help them to find consistent profitability in the markets.
Mr. Mendelsohn has created a company culture at Market Technologies that has given hundreds of employees the opportunity to grow in their careers and live happier and richer lives.
We make a big deal of every employee’s birthday at Market Technologies. Everyone sings and the guest of honor gets the cake of his or her choice. So on March 26th, help us give a special shout out (go ahead and treat yourself to a piece of cake too) in honor of our beloved CEO and founder, Louis Mendelsohn.