Prediction Company was founded in Santa Fe, New Mexico, USA, in March 1991 by J. Doyne Farmer, Norman Packard, and James McGill. The company used forecasting techniques to build black-box trading systems for financial markets, mainly employing statistical learning theory. In September 1992, Prediction Company entered into an exclusive contract with O'Connor and Associates, a Chicago derivatives trading house, to provide investment advice and technology. Soon after O'Connor merged with Swiss Bank Corporation, which later merged with Union Bank of Switzerland (UBS). Prediction Company's contract was renewed multiple times and in 2005 UBS purchased Prediction Company outright. After being a wholly owned subsidiary of UBS, Prediction Company was acquired in 2013 by an affiliate of Millennium Partners, L.P.
Prediction Company was shut down on September 1, 2018. In twenty-six years of operation, Prediction Company had only one losing year, 2007.[1]
Bielski, Vincent; Kishan, Saijel (2018). "Millennium Shuts Down Pioneering Quant Hedge Fund". Bloomberg.com. Bloomberg. Retrieved 31 May 2021.
Further readingedit
Kelly, Kevin (1994). "Chapter 22: Prediction Machinery". Out of Control. Perseus Books. ISBN978-0201483406. Retrieved 2015-03-31.
Focardi, Sergio M. (1997). Modeling the Market: New Theories and Techniques. John Wiley & Sons. pp. 16–20, 75–81. ISBN9781883249120.
Bass, Thomas A. (April 26, 1999). "Black Box: What Happens when maverick physicists in New Mexico set out to predict the markets?" (PDF). The New Yorker. Retrieved 2015-03-31.
Bass, Thomas A. (2000). The Predictors: How a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street. Holt Paperbacks. ISBN0805057579.
Weatherall, James Owen (2013). The Physics of Wall Street: A Brief History of Predicting the Unpredictable. Houghton Mifflin Harcourt. pp. 130–158. ISBN9780547317274.
External linksedit
Official website
April 10, 2024
prediction, company, founded, santa, mexico, march, 1991, doyne, farmer, norman, packard, james, mcgill, company, used, forecasting, techniques, build, black, trading, systems, financial, markets, mainly, employing, statistical, learning, theory, september, 19. Prediction Company was founded in Santa Fe New Mexico USA in March 1991 by J Doyne Farmer Norman Packard and James McGill The company used forecasting techniques to build black box trading systems for financial markets mainly employing statistical learning theory In September 1992 Prediction Company entered into an exclusive contract with O Connor and Associates a Chicago derivatives trading house to provide investment advice and technology Soon after O Connor merged with Swiss Bank Corporation which later merged with Union Bank of Switzerland UBS Prediction Company s contract was renewed multiple times and in 2005 UBS purchased Prediction Company outright After being a wholly owned subsidiary of UBS Prediction Company was acquired in 2013 by an affiliate of Millennium Partners L P Prediction Company was shut down on September 1 2018 In twenty six years of operation Prediction Company had only one losing year 2007 1 Contents 1 See also 2 Notes 3 References 4 Further reading 5 External linksSee also editBiosGroupNotes edit Bielski amp Kishan 2018 References editBass Thomas A 1999 The Predictors New York Henry Holt ISBN 0 8050 5756 0 Bielski Vincent Kishan Saijel 2018 Millennium Shuts Down Pioneering Quant Hedge Fund Bloomberg com Bloomberg Retrieved 31 May 2021 Further reading editKelly Kevin 1994 Chapter 22 Prediction Machinery Out of Control Perseus Books ISBN 978 0201483406 Retrieved 2015 03 31 Focardi Sergio M 1997 Modeling the Market New Theories and Techniques John Wiley amp Sons pp 16 20 75 81 ISBN 9781883249120 Bass Thomas A April 26 1999 Black Box What Happens when maverick physicists in New Mexico set out to predict the markets PDF The New Yorker Retrieved 2015 03 31 Bass Thomas A 2000 The Predictors How a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street Holt Paperbacks ISBN 0805057579 Weatherall James Owen 2013 The Physics of Wall Street A Brief History of Predicting the Unpredictable Houghton Mifflin Harcourt pp 130 158 ISBN 9780547317274 External links editOfficial website Retrieved from https en wikipedia org w index php title Prediction Company amp oldid 1211088315, wikipedia, wiki, book, books, library,
