CTS Forex, a Calgary based software company specializing in automated systematic currency trading, and Dr. Antony Ware from the University of Calgary, received a grant from the National Sciences and Engineering Research Council of Canada (NSERC). NSERC endeavors to foster partnerships between Canadian based firms and Canadian universities by supporting projects of high innovation and technical merits. CTS Forex was chosen for developing a robust mathematical approach that identifies foreign-currency movements and automating trades based on the algorithms’ analyses. The objective of the grant is to advance the analytical tools that will further CTS Forex’s product evolution.
The CTS Forex currency trading software provides high net worth individuals and currency trading fund managers a tool to diversify their investment portfolios and achieve higher rates of return. The software continuously monitors foreign-currency markets to identify and automate profitable trading opportunities based upon the risk and reward criteria set by the trader.
Dr. Antony Ware, Director of the Mathematical and Computational Finance Laboratory, will spearhead the team at the University of Calgary. According to Dr. Ware “There is growing acceptance of this novel Forex trading model. The underlying principles used by the mathematical models of risk management and goal setting along with the effectiveness of the predictive algorithms that monitor foreign exchange markets, have proven themselves over the last 33 months.” He added that this project could also potentially focus on further developing similar techniques for trading in the commodity markets.
Referring to the performance of automated trading, Winsor Hoang, President and Founder of CTS Forex, pointed out that by eliminating emotion-based trading decisions and relying upon software that automatically trades according to each person’s risk acceptance, returns have proven consistently and substantially higher than alternative returns in other asset categories.
“CTS Forex has managed to garner support from a number of reputable research and academic institutions, and this partnership with NSERC is yet another key milestone in our history.” said Hoang. The NSERC grant is the second major achievement-based grant recently awarded to CTS Forex. In January, 2013, Alberta Innovates - Technology Futures awarded CTS Forex a grant to assist it in evaluating and further establishing worldwide intellectual property protection for their proprietary technologies.
Further information on CTS Forex software and services are available from the company by calling (587) 333-8466 or visiting the website http://www.ctsforex.com.
CTS Forex can provide a trading edge for high net worth individuals and currency trading fund managers to diversify their portfolios and increase overall portfolio returns through automated systematic foreign exchange trading. CTS Forex was formed in 2004 with the goal of creating automated trading models that would track and analyze foreign-currency markets and initiate trades based upon established investor risk profiles. After seven years of development, back testing, and live trading, the first trading models were offered commercially. Clients can select from an array of trading systems with different trading criteria. A single trading system consists of six trading models (robots,) each of which analyzes foreign exchange markets from a different perspective. Two models track up markets, while others specialize in tracking down and sideways markets. This approach offers greater market insight than single, multi-purpose algorithms. Automated systematic trade initiation eliminates a major problem with the older, signal-based, manual trading technique by helping investors react more quickly to market changes.
Since the launch of the CTS Forex software in May 2010, the highest performing system has shown an accumulated return in excess of 120% over a period of 33 months ending January 2013, or 40% annually.
CTS Forex is actively working with several high profile professors in mathematics, computational finance, and computer science at the University of Calgary to create new analytical models and trading tools for Forex and commodity markets. Continuous product improvement and constant innovation through research will allow CTS Forex to maintain its competitive advantages.
Dr. Antony Ware, the Director of the Mathematical and Computational Finance Laboratory at the University of Calgary. Before coming to Calgary, Dr. Ware was at the Department of Mathematical Sciences in Durham, and before that in the Numerical Analysis Group at the University of Oxford. Dr. Ware's research includes work on modelling and computational methods for option valuation, on portfolio optimization with reference to various ‘downside’ risk measures, and optimal investment strategies.
For information on CTS Forex, please visit the website: http://www.ctsforex.com
Winsor Hoang, P. Eng., Founder and CEO
Office: (587) 333-8466
Cell: (604) 603-1889
Fax: (888) 548-7488