Former Deutsche Bank exec joins advisory board of market data AI startup Almax Analytics

Source: Almax Analytics

Almax Analytics, a first to market software as a service (SaaS) delivering actionable insights from Big Data announced today Ralf Roth has joined the Advisory Board.

After nearly 20 successful years as a Deutsche Bank Executive and another handful leading Elektron at Thomson Reuters, Mr Roth brings to the Almax team his intelligence, business acumen, passion for innovative technologies and sensible approach as a Strategic Advisor. He will support the company from his New York offices.

“I am proud to be part of the Almax team as their approach of applying Natural Language Processing and Deep Machine Learning to news data is unique and makes an existing dataset more relevant as a trading signal,” says Ralf Roth, Advisor to Almax Analytics. “What is even more exciting is the fact that Almax’s engine is not limited to news information or other financial data sets; it can be applied to a large variety of data universes within the context of Big Data processing.”

Almax Analytics solves the problem of information overload with Deep AI tech that is able to process an unprecedented volume of news. This explosion of Big Data from where it originates and is disseminated has created a window of opportunity to trade on new detailed information in filings and in news. Through cutting edge NLP, machine and deep learning and the lowest possible latency Almax offers the Financial Community a novel tool and resource to use a previously untapped source of information. Asset Managers strengthen their ability to generate alpha and manage risk, Traders improve trading and market making capabilities and risk management and Analysts are able to gather precise intelligence and to improve efficiency.

“We welcome Ralf Roth to the Almax team as he has an extremely strong track record of success in the Financial Markets space, especially with new technologies,” says Balazs Klemm, Chief Executive of Almax Analytics. “He is a huge asset to our Advisory of global minds and we look forward growing the company with his support.”

The recent advances in the field of artificial intelligence and its application in the Financial Markets are becoming widely recognized as an opportunity to build and develop next-generation systems that automate the function of humans and generate alpha, improve risk control and efficiencies across the investment management industry. Being offered in a secure cloud format allows for the easiest access possible from anywhere in the world.

The forecasted cumulative global AI revenue is expected to hit 7.5 Billion USD by 2025 for algorithmic trading strategies and performance reports Statista. Almax has a first to market technology and is seeing strong market demand for its unique offering.

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