The Development of Trading Tech Over the Years
If you think back to how the cradle of trading Wall Street was operating on the 80s – with DOS-based computers with green numbers and black screens and phones being the pinnacles of technology at the time – it is mindblowing what tools are available today even to those who do not trade professionally. Globalization has shaken the trading industry at its core – since the 1970s, computational algorithms and simulations such as the Monte Carlo method have been evolving, with the new century marking a drastic revolution in their capabilities and application scopes.
New and Emerging Investing Trends
In 1971, the first electronic stock market was launched by NASDAQ. It was a revolutionary concept that was regarded as a major step towards the future of the investing sector. Shortly after in 1980, online trading followed, allowing brokers to communicate with their clients digitally and to facilitate buy and sell orders directly. Then, the internet emerged, allowing everyone to conduct thorough research on companies and new investing opportunities easily accessible at their fingertips.
Parallel to these advancements, trading technology focused on the analysis of the markets was rapidly evolving. Algorithmic trading, which uses programmatic rules to analyze the markets, ultimately giving traders the power to execute orders exponentially quicker and with less bias than human operators are able to, bridged the gap between informational technology and investing, forming a never ending duo (Source: Stacker). More recently, companies like Wealthfront and Betterment introduced the first robo advisors, which allowed for a humanless financial planning and investing and laid out the foundations for a computer-driven future of the trading sector. AI, blockchain and cryptocurrencies followed, bringing us to where we stand today.
However, as a novel sector, the cryptocurrency market is still trailing behind in terms of analytical technology that is available to the traders. The analysis tools used traditionally in trading are rarely applicable to crypto due to the fundamental differences to the stock market and the inherent volatility of the industry. Many old school traders believe it is impossible to come up with reliable models that can be applied for cryptocurrency trading. Surprisingly, recent research states otherwise – the truth is that data is the fundament that can enable the creation of statistically reliable models – even in cryptocurrency trading. That is, if you had a close to unlimited capabilities of gathering and analyzing a variety of market data. While you might think this is unlikely, technology has come a long way – particularly in the areas of Artificial Intelligence and its application to trading. Big companies such as BlackRock and their portfolio management software Aladdin have long started to stretch the boundaries of the potential technology can bring within the trading ecosystem. Such software is developed over a prolonged period of time by a large team of experts and is perfected continuously to become reliable. As such, the access to such software is greatly limited to the average investor, presenting the trading scene with asymmetries and one-sided power in favor of the wealthiest.
Dohrnii Takes the Initiative
The Dohrnii ecosystem combines a digital crypto academy, an analytical trading platform and a trading module, forming a comprehensive trading environment for crypto traders who wish to get into cryptocurrency trading or to bring their skillset to a new level. Each trader is delivered a personalized experience along their journey – from the starting onboarding process, the skill of traders is evaluated and a custom educational program is compiled for their profile. As they progress and start trading, their preferences and performance are also analyzed, allowing for Dohrnii to design personalized investment advice such as portfolio adjustments and deliver them to the traders through the robo advisor. What is more, the traders have access to a wide variety of tools that are unique to the cryptocurrency trading scene – from advanced market analysis to trading signals and price predictions, Dohrnii introduces features that were once reserved to the biggest investors on the stock markets to the average crypto trader.
The technology that is turning the wheels of the Dohrnii ecosystem is where the magic happens. By using the latest advancements in Artificial Intelligence and blockchain, Dohrnii is making tools that used to be available only to the biggest investment companies and hedge funds accessible to the average trader, thereby democratizing fintech technology and bringing the market into a natural equilibrium. This equilibrium is of utmost importance, as it will dissolve the current situation of a partial monopoly caused by the discrepancies in the access to advanced trading technology, which translates in much better advantage for several key players.
The Dohrnii Foundation is a non-profit organization based in Zug, Switzerland. It was founded in 2020 by a team of professionals with longstanding experience in multiple areas, all of whom with one common goal – to transform the world of cryptocurrency trading from a black box to an understandable discipline everyone has the ability to comprehend. The experts behind the Dohrnii Foundation have a diversified skill set, ranging from finance, trading, fintech, technology and blockchain, forming the fundamental backbone required for the creation of the Dohrnii ecosystem.
If you are interested in learning more about the Dohrnii project, the tools the ecosystem is offering to the traders and the innovative technology behind it, visit https://dohrnii.io/en