In 2014, a Quant at a major Nordic Fund had had enough. Endless hours of problem solving that could have taken minutes to solve if automated lit the spark to the idea that has turned into Captron. Why should a asset manager need up to 6 systems when a private investor only needs one? Is there a way to automate and streamline some of the world’s most complex systems?
With this in mind, the journey began. The decision to take on this huge challenge was made on a sunny afternoon at a kitchen table in a small village located in the province of Messina, Italy. This village will always have a huge symbolic value for our company - the name of that village is Limina.
Hours of thinking on paper and whiteboards had started. Soon, the Quant was joined by others who shared his experience. Eventually the paper / whiteboard project was moved on to computers. Endless hours of coding, testing, failing and reengineering passed.
In early 2015, the first early version of Captron was ready to be tested. A London based Macro fund tried out a beta version of CaptronLITE for the remainder of the year; with very positive reviews both on the product itself and for the service provided by the team.
Encouraged by the experience, the goal was clear and the project kicked on. But - building a complete, seamless solution for fund managers requires time, patience and enormous amounts of code. Smart people are also a key ingredient.
Throughout 2016 the project grew and in October the first release was ready. During this year the company structure changed and now included additional expertise from the industry as well as new roles including sales and operations. The next stage of the trip had been initiated - to meet potential customers and introduce them to Captron.