almax analytics, artificial intelligence for capital markets, announced today that Victory Networks, global managed services provider for all asset classes, has introduced Artificial Intelligence (AI) for news and insights to its leading market maker customer Sumo Capital.

almax analytics is the first news analytics system that functions like the human brain as it puts the content of news into context to existing relevant information. Victory Networks financial markets customers gain the advantage of accessing this leading innovation in the never ending quest for the ever evolving hunt for Alpha.

We strategically identified Victory Networks for USA testing based on their customer and partner base of Clearing firms, exchanges, and proprietary trading firms such as SUMO Capital, one of the leading market makers on CBOE,“ said Balazs Klemm, Chief Executive and Founder of almax analytics. “almax analytics is pleased to have our technology covered in a series of news updates as we believe the driving factor for customer satisfaction is experience in real-time.“

Victory Networks works hard to offer the most innovative and disruptive technologies to our trading and analyst customer base; almax analytics helps solves the rapidly growing industry conundrum of Big Data management and processing,“ said John Superson, Chief Executive of Victory Networks. “Our customers seek to always generate significant alpha and more critically, to avoid risks and to be more efficient. Gaining the ability for precision trading decisions with news and insights will prove to be advantageous.“

almax analytics was hosted by KPMG Luxembourg at the recent European Alternative Investment Funds Conference 2016 in Luxembourg-Kirchberg where they sought to identify the leading FinTech companies for Innovation in 2016.

Photo: Balazs Klemm, CEO almax analytics