Sep 28, 2015
Lane Mendelsohn is the CEO of Market Technologies and developer of the VantagePoint financial trading software. Lane's father Louis, started trading stocks and commodities in the 1970s and, shortly after personal computers were invented, began developing technical analysis trading software for his own use as a commodities trader. In May 1983 he introduced the concept of strategy back-testing and optimization in trading software for personal computers in a series of articles published in Futures magazine and released of ProfitTaker Futures Trading Software, the world’s first commercially available technical analysis trading software that performed strategy back-testing and optimization on PCs." Even at that time his back tester was so sophisticated and intricate that it handled commodity contract rollovers and lock limit conditions. Currently, Lane claims that the software is 86 percent accurate and the firm has helped thousands to successfully trade in these increasingly volatile markets.