AI-driven fintech company will run black-box algorithms making split-second trades.
New York, United States - December 26, 2019 /MarketersMedia/ —
Elevation Technologies, a leading fintech company, announced today that it has launched the Elevation Capital Fund (ECF), a currency-oriented hedge fund powered by its proven trading algorithm, which is based on artificial intelligence (AI). Elevation Technologies uses enhanced mathematical-statistical models and hybrid intelligence data to forecast and guide investment strategies. The firm has allocated $800,000 of its treasury funds into the fund’s strategies.
"By having a lot of fast trading, spreads have come way down, volumes have gone up, and therefore it’s easier to get off a trade because there’s more volume.” said Kaled E., Head of Data Science at Elevation Technologies. “I think it’s actually brought short term volatility down, not up. So I think it’s been good for the market.” Thus, Elevation Capital is taking the next step forward in an age of quantitative trading.
The new fund is based on AI, Machine Learning (ML) and Quantitative Research. The fund was first announced at least week’s Global Artificial Intelligence Summit. A spokesperson for the fund commented, "One simple rule of thumb for investing: remove all emotion and let the machines work. The combination of the collective human mind and machine intelligence provides a unique and sustainable data source for seeking alpha."
Elevation Technologies plans to gradually extend its own investment into the fund’s strategies developing to $2.5 million.
About Elevation Capital
Elevation Capital Fund is a professional hedge fund that trades in the currency exchange markets. ECF uses specialized designed algorithm automatic trading systems developed exclusively by Elevation Technologies LLC.
About Elevation Technologies
Elevation Technologies is a fintech company comprising developers, technical analysts, scientific, mathematical and statistical researchers. The firm is known for developing investment strategies based on artificial intelligence for the financial markets.
For more information, visit elevationcapitalfund.com
Contact Info:
Name: Elevation Capital Fund
Email: Send Email
Organization: Elevation Capital Fund
Website: https://elevationcapitalfund.com/
Source: MarketersMedia
Release ID: 88940719
