In late 2004, a group of specialists was formed to develop the currency and stock market analysis software with further application of the results in trading strategies.
At the same time, we commenced the development of iPro Marketplace, a trading and analytical platform, featuring a new concept of building trading strategies and integration of various techniques for analysis of economic data arrays. By combining these features we created a powerful foundation for successful trading at the global financial markets.
In early 2005, we started to develop special algorithms for real time evaluation of trading strategies. The goal of this research was to evaluate the performance of a trader or an automated system used by a trader. All results produced by this research were used to develop iPA (Intelligent Processing Algorithms), a unique and unparalleled technology, available on the iPro Marketplace platform.
In the same year, Simcord started to operate in two more priority areas, namely the development of wave and spectral analysis techniques. These two types of analysis, completely different by their structure and approach, potentially opened an absolutely new way of studying the market patterns. The practical application of the data obtained using these techniques produces a multifold increase in the trading results.
In 2006, highly interesting results were obtained from the analysis systems. The statistical data resulting from a series of experiments became the foundation of the mathematical model of Gelan Trawler trading system.
In 2007, after a series of successful experiments based on the Gelan Trawler system, it was decided to initiate the development of the commercial version of this software. The commercial launch of the GT system was scheduled on September 9, 2009.
Between 2009 and 2011, the Gelan Trawler project was demonstrated at international exhibitions. In 2010, we presented a total of three projects: FxMarketWave (wave analysis platform), an information portal, and the new versions of the Gelan Trawler system.
With the development of our Company, we keep setting the new goals. We established interregional offices to provide informational support to our Partners and Customers.
In order to significantly expand the area of activities and the range of capital management services provided by the Company, in 2010 the Board of Simcord decided to establish UBK Markets, an international brokerage Company. This establishment held in 2011.