PrimeQ, a forward-thinking startup, has achieved significant milestones in the first quarter of this year, catering specifically to potential investment funds seeking innovative trading solutions. Key highlights include:
- Advanced Technical Foundation: PrimeQ has established a robust and scalable technical infrastructure, crucial for hedge funds seeking innovative trading solutions.
- Data Access and Integration: Integration with prominent exchanges like Binance, Alpaca Markets and QuantConnect, empowers funds with comprehensive data insights.
- Risk Management: PrimeQ has developed basic features of a risk management tool (eg. stop loss / take profit) for hedge funds aiming to safeguard capital.
- Efficient Strategy Execution: The Strategy Manager Service offers seamless initiation, monitoring, and control of strategies, enhancing hedge funds’ portfolio management.
- AI-Powered Insights: PrimeQ’s initial machine learning tests showcase an XGBoost model with promising predictive capabilities, particularly in identifying local extremums – providing hedge funds with data-driven insights.
- Positive Performance: The XGBoost model achieved a balanced f1-score of up to 60-65%, with backtest results outperforming the market at a 75% prediction probability target.
PrimeQ’s Q1 2023 accomplishments offer a reliable and innovative AI-driven trading solution, with a focus on scalability, data insights, risk management, efficient execution, and strong performance results.
Summary
Business priorities
- Company registration
- Research grant received
- Research started
Research priorities
- Data collected and processed
- AI tests started
- First positive results received
Team and cooperation
- Core team established
- Quants and IT specialists hired
- Cooperation with a VC started