Prediction Company was founded in Santa Fe, New Mexico

Santa Fe, New Mexico

Santa Fe is the capital of the U.S. state of New Mexico. It is the fourth-largest city in the state and is the seat of . Santa Fe had a population of 67,947 in the 2010 census...

, USA, in March 1991 by J. Doyne Farmer

J. Doyne Farmer

J. Doyne Farmer is an American physicist and entrepreneur, with interest in chaos theory and complexity. He is a professor at the Santa Fe Institute. He was also a member of Eudaemonic Enterprises.-Biography:...

, Norman Packard

Norman Packard

Norman Harry Packard is a chaos theory physicist and one of the founders of the Prediction Company and ProtoLife. He is an alumnus of Reed College and the University of California, Santa Cruz. Packard is known for his contributions to both chaos theory and cellular automata...

 and James McGill. The company uses various forecasting

Forecasting

Forecasting is the process of making statements about events whose actual outcomes have not yet been observed. A commonplace example might be estimation for some variable of interest at some specified future date. Prediction is a similar, but more general term...

 techniques to build black-box trading systems for various financial market

Financial market

In economics, a financial market is a mechanism that allows people and entities to buy and sell financial securities , commodities , and other fungible items of value at low transaction costs and at prices that reflect supply and demand.Both general markets and...

s. In September 1992, Prediction Company entered into an exclusive contract with O'Connor and Associates, a Chicago derivatives

Derivative (finance)

A derivative instrument is a contract between two parties that specifies conditions—in particular, dates and the resulting values of the underlying variables—under which payments, or payoffs, are to be made between the parties.Under U.S...

 trading house, to provide investment advice and technology. Soon after O'Connor merged with Swiss Bank Corporation

Swiss Bank Corporation

Swiss Bank Corporation was a large integrated financial services company located in Switzerland...

, which later merged with Union Bank of Switzerland

Union Bank of Switzerland

Union Bank of Switzerland was a large integrated financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998, to become UBS to form what was then the largest bank in Europe and the second...

 (UBS). Prediction Company's contract was renewed multiple times and in 2005 UBS purchased Prediction Company outright. Prediction Company is now a wholly owned subsidiary of UBS.

See also

• Info Mesa
  Info Mesa
  Info Mesa is the named coined by Ed Regis to describe the emerging technology companies and community in Santa Fe, New Mexico. The name was first used in an article in Wired Magazine in 2000 and later in a book by Regis published in 2003...
  
  
• Center for Adaptive Systems Applications (CASA)
  Center for Adaptive Systems Applications (CASA)
  The Center for Adaptive Systems Applications was a company founded in 1995 by physicists and a business developer from Los Alamos National Laboratory...
  
  
• BiosGroup
  BiosGroup
  BiosGroup, founded in 1997 by Stuart Kauffman and Ernst & Young , was a spin off from the Santa Fe Institute. The company aimed to commercialize complexity science software in applications that helped companies manage projects and supply chains...
  
  
• David Weininger
  David Weininger
  David Weininger is a chemist and entrepreneur. He is a co-founder of Daylight Chemical Information Systems, a company in Santa Fe, New Mexico that does rapid analysis of massive chemical databases. Weininger is the inventor of Simplified Molecular Input Line Entry Specification , a universal...