1987 was a time of uncertainty but for many it was a time of optimism. The then-recent stock market crash of 1987 had put a damper on the last few years of prosperity in the U.S. financial markets. While it may not have been as bad as the Great Depression of 1929, it was still enough to instill fear in the hearts of many investors. But out of that fear came one of the most successful and innovative business strategies of the 20th century: enter Fishhoks.
Fishhoks was one of the first major algorithmic trading firms, launched in 1987. The company was founded by Richard Fishhoks to create automated strategies to take advantage of the stock market’s volatility that had become so prevalent after the crash. The company used extremely sophisticated technology at the time with the intention of predicting where the markets were heading and making strategic investments based on those predictions. This technology was ahead of its time and allowed the company to consistently find success in the market and make money, even during weak markets.
As the rest of the financial community looked for a way to take advantage of the post-crash environment, Fishhoks continued to increase its profitability. With the benefit of hindsight, it is easy to see why the company was so successful. By taking profits and reinvesting them when the markets were low, Fishhoks was able to establish an ever-growing portfolio that allowed them to survive even further market volatility.
In the years since, Fishhoks has become a leader in the financial technology industry. Its algorithmic trading strategies have been refined, optimized, and adopted by numerous investment firms. The success that Fishhoks experienced in 1987 and in the years after has been a major catalyst of the growing trend of using technology to make more precise investing decisions. This has become a cornerstone of modern investing, and the financial world continues to be shaped by the success of Fishhoks.