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Blackboxstocks Inc., a Dallas-based SaaS financial technology and social media hybrid platform, has entered into a partnership with Boosted.ai, a provider of AI-powered investment solutions.
“I’m very excited about this new opportunity to augment our platform with this innovative new AI technology,” Blackboxstocks CEO Gust Kepler said in a statement. “After implementing this initial feature from Boosted.ai, we plan to collaborate further, using the wealth of proprietary market data we have aggregated over the last four years.”
Blackboxstocks offers real-time proprietary analytics for stock and options traders of all levels and said the partnership brings cutting-edge investment technology to retail investors.
“Integrating the cutting-edge technology of Boosted.ai into the Blackbox platform is a significant step forward in our ongoing mission to provide our users with the best trading information possible,” said Brandon Smith, CTO of Blackboxstocks. “The power of their advanced machine learning coupled with Blackbox’s predictive analytics will provide retail investors with sophisticated investment tools and strategies that were previously only available to institutional investors.”
Combining functionality
Blackbox said it will leverage the advanced machine learning algorithms from Boosted.ai in conjunction with the predictive analytics of the Blackbox platform. That combined functionality will incorporate real-time options and stock data, predictive analytics and machine learning, to provide actionable alerts for both day trading and long-term investment strategies, the startup said.
Boosted.ai is an artificial intelligence company that enhances portfolio management outcomes for the global financial industry via distributed machine learning.
Headquartered in Toronto and New York City, Boosted.ai was co-founded by Joshua Pantony, Jon Dorando, and Nicholas Abe in 2017, and its proprietary web-based platform, Boosted Insights, brings advanced quantitative investing techniques to portfolio managers without requiring any coding or data science background.
‘Predictive technology’ meets social media platform
Blackboxstocks’ web-based software employs “predictive technology” enhanced by AI to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option.
Blackboxstocks said it continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing more that 10,000 stocks and up to 1.5 million options contracts multiple times per second.
It provides users with a fully interactive social media platform that is integrated into its dashboard, enabling users to exchange information and ideas quickly and efficiently through a common network.
Blockboxstocks recently introduced a live audio/screenshare feature that allows its members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community.
Appointed Keller Reid to board in February
In February, Blackboxstocks announced that Keller Reid had been appointed to the company’s board of directors.
The firm said that Reid has extensive experience in the strategy and technology of trading systems.
Reid has been at Ackerman Capital Management, a Dallas-based family office, for 14 years and is responsible for trading and execution. He oversees the technological infrastructure of the firm.
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