Okanagan Tech Company Builds Day-Trading Algorithm

Okanagan Tech Company Builds Day-Trading Algorithm

A new Okanagan-based tech company says it has created day-trading software that will help financial institutions with little or no experience in this area.

“The algorithms we are building are strictly day-trading algorithms and are fully automated,” said Brian Shepard, CEO and founder of 7 Cheetah Trading Inc.

"There's a lot to be done with the software. We're kind of early days but it's consistently delivering results."

Shepard left his job five years ago with a dream to enter the financial world.

"I've always been interested in the stock market, and with the extra time, I did a lot of research," he said.

"And matching my background in technology and my interest in the financial markets, I started developing software."

He said the company has the support of about a dozen investors.

“One of the main reasons they invest in the business is that they have significant capital that they want to deploy with algorithms.”

Shepard said his new trading system allows money to grow with little or no work.

“It will do business on behalf of customers and they don’t have to do anything. It is not a tool for people to use, it is a system,” he said.

"They are hands-off and do not require any experience with day trading."

The new stock trading company is a prime example of the growing tech industry in the Okanagan, according to Accelerate Okanagan, a nonprofit that helps support tech entrepreneurs.

"I think it's really neat to see that there's a company here that has such a huge global impact," said CEO Brie Lake.

"The current Kelowna landscape for Okanagan technology is an annual impact of about $1.7 billion, with about 700 companies operating here."

"It's one of the fastest growing tech sectors in Canada."

With 7 cheetahs walking and running, Shepard says it's like a dream come true, turning his idea into a reality.

“Super exciting times. This is the type of business that grows really well,” he said.

"It doesn't matter much if it's the $1 million, $10 million or $100 million that is deployed, (it will produce)."