Breakthrough New P-28 Technology Using Physics and Gauge Symmetry to Create a Revolution in Finance
Research Triangle Park, NC—(July 10, 1998)— The Institute for Financial Technology announces a groundbreaking new technology that applies gauge symmetry to financial markets for the first time. It is expected that this new, physics-based technology, which is known as P-28, will soon be used by all traders, quantitative analysts, economists, asset managers and fund managers to make risk reporting, option pricing and portfolio management far more accurate and more efficient than ever before. According to IFT Managing Director Steven M. Rideout, "A revolution is taking place in finance. Huge sums of money have been lost or wasted because stochastic process, the old technology currently used by every participant in every financial market, does not provide truly accurate information. This old technology relies on probability distributions and volatility measurements, trying to look backward in time to accurately predict the future. P-28 completely dispenses with stochastic process, probability distributions, volatility measurements and conventional financial derivative pricing. P-28 uses gauge symmetry and real-time market data to accurately price options and other financial vehicles. This is not just a new advancement on current technology. P-28 is a revolutionary new technology unlike any other in the history of finance, and it will change portfolio management forever." Gauge symmetries have been responsible for such major revolutions in physics as Maxwell's theory of a classical electromagnetic field, Einstein's general theory of relativity, and the successful unified quantum field theories which unify all known interactions in nature. P-28 applies gauge symmetry to financial markets for the first time, achieving unheard-of results that are derived directly from market data. These new financial technologies have far-reaching practical applications including:
P-28 is described in a newly released book, Beliefs-Preferences Gauge Symmetry Group and Replication of Contingent Claims in a General Market Environment (IES Press, 1-888-437-4979, $149.00). The author, Valery A. Kholodnyi is the creator of P-28 and is also the Chief Science Officer and Vice-President of Research and Development for IFT's parent company, Integrated Energy Services LC. Dr. Kholodnyi's book provides the scientific and mathematical background for P-28. Dr. Kholodnyi received his Ph.D. in Applied Mathematics from the Moscow Institute of Electronics and Mathematics in 1990. He has co-authored two other landmark books in the field of finance, Foundations of Foreign Exchange Option Symmetry (IES Press) and Foreign Exchange Option Symmetry (World Scientific Publishing Co.). Both of these books are conceptually based on Beliefs-Preferences Gauge Symmetry Group and Replication of Contingent Claims in a General Market Environment. Dr. Kholodnyi has also authored or co-authored over 60 research papers in finance, mathematics, theoretical physics and engineering. He has been an invited speaker at numerous international and national conferences, as well as at research seminars in university departments and industry. The Institute for Financial Technology is hosting the first annual P-28 Symposium October 12-13, to be held at Duke University's R. David Thomas Center in Durham, NC, directly adjacent to IFT's offices in Research Triangle Park, NC. "We believe that the technology introduced in Dr. Kholodnyi's book, which will be introduced for the first time at the P-28 Symposium, clearly demonstrates that P-28 is one of the most important developments in the history of finance," says Mr. Rideout. "The symposium, which is based on the book, will give a comprehensive presentation of how gauge symmetry can be successfully applied to financial markets. Anyone who uses these new technologies will gain a substantial competitive advantage in global financial markets." The P-28 Symposium curriculum includes:
For interviews with Steven Rideout or Dr. Kholodnyi about the P-28 technology, the book or the P-28 Symposium, contact Celia Rocks at 828-322-3111 or CeliaRocks@aol.com. To attend the seminar or order the book, call 1-888-437-4979.
|