Investor MeetingI attended a TTA investor meeting in Lethbridge, Alberta on Saturday. It was strictly an information session and not a sales pitch. Some of the financial principals were in attendance as well as some of the programmers and the two principal traders. In a nutshell this is what the company is about (from what I understand)
The company has developed trading anaytical (technical analysis) software that simultaneously can track (real time) thousands of symbols and generates trading signals based on proven methodologies. In essence they have taken the methodologies of experienced traders and automated them in a huge way to generate these trading signals almost instantly. They have invested heavily in servers and written their own real time communications modules to take the data feeds from markets real time and trade almost instantly.
There are other softwares that do the same thing but the TTA advantage lies in several areas: 1. real time - their massive computer power and real time communications are leading edge. 2. They can test their trading algorhytms by replaying historical data in a massive way. 3.
They can refine their algorhythms as they go. 4. They can reprogram their algorhytms to suit their clients own methodology. 5. This software can be applied to any capital market and indeed they have traders in New York, London and Palm Beach.
They have identified 16 different revenue streams. Some of them are:
1. they can trade on their own account with their own capital (they are currently doing this) 2. They can license their software to potential institutional clients (this is not a retail product!). They can trade on behalf of institutionanial clients etc. etc.
The trader who started the process of developing the software which has morphed into TTA, has been involved for seven years. The financial principals seem to be deeply committed and contrary to a previous post none are selling and all claim to be in for the long haul. The programmers are all highly committted (one at least has his total net worth invested) and highly qualified. TTA will shortly vbe ramping up their trading volume as the new server and the latest version comes onling. Once the concept is proven on the scale that it is capable there will be joy in Mudville.
In a nutshell that is my understanding of the company, its business and its vision,