Market Technologies Celebrates its 30 Year Anniversary
Company News and Press Releases
Market Technologies Celebrates its 30 Year Anniversary
Wesley Chapel, FL, February 09, 2009 –- Market Technologies, world leader in market forecasting and proprietor of VantagePoint Intermarket Analysis Trading Software, is celebrating its 30th anniversary.
Founded in 1979 by Louis B. Mendelsohn, the prominent technical analyst and trading software pioneer, Market Technologies was the first trading software developer in the financial industry to provide strategy back-testing capabilities for personal computers with its introduction of ProfitTaker Futures Trading software in 1983. The result was the emergence of a multi-million dollar trading software industry based upon Mr. Mendelsohn’s trading software and technical analysis concepts.
Using artificial intelligence technologies involving the pattern recognition capabilities of artificial neural networks applied to technical analysis and intermarket analysis, Market Technologies’ flagship software program, VantagePoint, finds hidden patterns and relationships between twenty-five related markets and the target market to analyze and forecast price movements for more than 600 global markets each day. The ability to examine the effects of markets on one another has become critical to successful trading in today’s highly volatile, globally-interconnected markets, where single-market methods of analysis, particularly trend-following, lagging approaches, have become dangerously outdated.
In 2004 Market Technologies achieved Inc. 500 status, as one of the fastest growing privately owned companies in the United States. Two years later, the company relocated into its state-of-the-art office building located in Wesley Chapel, Florida, and since then has won the Tampa Bay Business Journal’s best Place to Work award, has been recognized as one of Tampa Bay’s fastest growing private companies, and one of its fastest growing privately owned software companies. Additionally, it ranked as one of Inc. magazine’s fastest growing company for a second and third time. In an effort to give back to the community through various philanthropic initiatives, Market Technologies and its employees participate in and donate funds to various local and national organizations.
“Thirty years ago when I first started this company when personal computers first came into existence and technical analysis trading software was first being developed, the idea that the financial markets were interconnected was not a widely accepted notion,” said Louis Mendelsohn, CEO and President of Market Technologies. “By the mid-1980s I detected subtle changes related to globalization and began developing software capable of dealing with these intricacies. Now, amid the current global economic crisis, there is no denying the fact that the markets are all interconnected.”
By applying artificial intelligence technologies to intermarket analysis and utilizing neural networks during decades of extensive research and development, Market Technologies has succeeded in developing an extremely powerful, yet easy-to-use software tool that captures these intricacies that underlie today’s global markets and afford our customers a decided advantage over other traders who are still focused on looking at each market individually.”
About Market Technologies () Headquartered in Tampa Bay since its founding in 1979 by Louis B. Mendelsohn, Market Technologies is a fast-growing, Inc. 500 company and recognized world leader in market forecasting with trading software customers in more than 90 countries worldwide. Market Technologies researches and develops proprietary trend forecasting and market timing technologies that utilize artificial intelligence applied to intermarket and hurricaneomic analysis to forecast various commodity and financial markets throughout the world. These presently include, but are not limited to, stocks, stock indexes, ETFs, energies, interest rates, currencies, metals, grains, meats, softs and Forex, covering more than 600 world markets.
