TradeSmith CEO Keith Kaplan announced the launch of an AI-powered trading system designed to identify high-probability trade setups by analyzing market patterns, scheduled for Wednesday, April 22, at 10 a.m. Eastern. The system, which evaluates over 2.09 million potential trades daily across 2,467 stocks, is inspired by the strategies used at Renaissance Technologies, the world’s most profitable hedge fund, founded by Jim Simons.
In a five-year backtest, this model portfolio turned an initial investment of $10,000 into $1.2 million and, notably, produced an average gain of 16.6% in 2022—a year when the S&P 500 fell nearly 20%. The software leverages historical signals that have shown a success rate of up to 95% under certain conditions.
TradeSmith, based in Baltimore, has over 134,000 users across 86 countries managing more than $29 billion in assets. Users can register for early access to the software ahead of its launch event.
