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This week LeapRate spoke with Inovance CEO Tad Slaff, head of the upstart FX trading software vendor. Inovance’s cloud-based platform, TRAIDE, makes analyzing financial data easy and actionable. Individual traders select the data they want to analyze, and the software uses machine-learning algorithms to analyze it for them, then the trader is able to explore the patterns found by the algorithms.
The firm’s SaaS-based platform allows the 18 million active investors, and thousands of smaller financial institutions to compete with the deep-pocketed Wall Street firms. TRAIDE is offered both to traders as well as licensed directly to retail brokerages looking to offer a powerful differentiator to their offering. The latest brokerage to add the software as reported by LeapRate was Core Liquidity Markets.
CEO Tad Slaff told LeapRate: “My background is more on the math/data science side but I have been focused on applying those techniques to trading for the last 7 or so years. I’ve always been fascinated by the underlying mechanisms that drive the market and how they can be modeled; a problem that will never get old!
Our focus at Inovance is how we can combine human intuition with machine intelligence…Basically, how can we get the best of both worlds? And with TRAIDE we feel we are well on our way to doing just that.”
Check out the the interview below to learn more about Inovance:
Please introduce Inovance, when was the company founded?
Inovance was founded in 2013 to help traders create their own strategies.
Is TRAIDE the only product/service of the company?
TRAIDE is currently the only Inovance product.
What is unique about the software as a tool to assist traders to become more consistently profitable?
With TRAIDE you can easily use machine-learning algorithms to uncover patterns in the data you use to trade. Just select the indicators you want to analyze, TRAIDE’s algorithms will show you the strongest signals in your indicators, then you can dive into those signals to build your own strategy.
Instead of spending a huge amount of time trying to analyze all that data yourself or worse, not analyzing it all, with TRAIDE you can easily combine your own ideas about the market with powerful machine-learning algorithms to build more robust strategies.
Currently, which instruments and FX pairs are available on the software?
We currently offer 25 currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, and NZD/JPY, as well as over 3,000 U.S. equities.
Why should traders and brokers check out TRAIDE?
If you’re a trader looking for a strategy that actually works, or a broker looking for a way to give your traders a new way to come up with profitable strategies, you need to check out TRAIDE.
Is this a stand alone platform, or it runs in conjunction with MetaTrader 4?
TRAIDE is currently a stand-alone platform and you can generate the code for your strategy as an Expert Advisor (EA) for Metatrader 4, with all your own risk and money management parameters.
We recently reported on your latest partnership with CLM, what other brokers provide your service?
We currently also have relationships with Gallant Capital Markets and Darwinex.
As traders yourselves–do you use the software?
We absolutely use the platform ourselves. In fact, we recently launched the TRAIDE Quant Fund. You can contact us to find out how you can follow its signals live!
For a video overview check below: