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(Finansavisen): Intelligent Trading again becomes a slot machine for owners who tripled last year to NOK 310 million
Haakon Børs Lind, CEO and co-entrepreneur of Intelligent Trading. According to Finansavisen, Lind has market maker experience in options and other fixed income securities on DNB Markets.
Mathematician challenged online casinos
In an interview with Finansavisen in 2014, it appeared that one of his hobbies was to automatically create one could play poker on different online casinos. It was not poker skills, but many casinos eventually banned computer games and ended plans.
With three more than average statistical partners, he found a commercial niche that would prove to be a gold mine, Finansavisen writes. From the eighth floor of the former Bygdøy hydroelectric building went 2, the Quartet built Intelligent Trading
Profitable business
Since the autumn of 2002 and until the end of 2015, the maths have plunged and increased the company's own funds. about three million to 110 million crowns. During the period, dividends and wages of more than NOK 120 million were also paid
In 2016, however, profits from short-term trading in equities, currencies and bonds were lost and speculators lost eight million. "It looks like it sings in the last verse," said Håkon Børs Lind about Finansavisen 's algorithm last year.
Hit the blink
Last year, the company recorded an increase in value instruments totaling 241 million euros. In addition, an income of nearly 30 million euros was recorded in other financial products and interest income. The financial newspaper can say that the annual result has ended at NOK 208 million, drawn by a NOK 57 million tax bill
Other financial units:
– Investors are still paying higher prices high to buy
richer buy 484 apartments
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