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What is this Multi-Criteria Decision Making (MCDM) technology? I haven’t heard of it being used in options trading before.

Answer

Both our co-founders have experience in the Oil and Gas Industry. Drew was working on a project for a new oil platform. This is an incredibly costly and illiquid decision (billions of dollars). Once you make your decision it’s extremely difficult and costly to change the decision.

There’s a framework we used called ‘Decision Quality.’ It’s an assurance process to make sure we’re making the right decision with the billions of dollars. While the framework is multi-faceted, a critical piece of this decision framework was based on MCDM. Then the idea came – if this framework is good enough for multi-billion dollar decisions, couldn’t this be applied to my option trading. The answer is yes! The largest companies all over the world are already applying this framework.

These frameworks are always applied, as it is time consuming and difficult to quantify the inputs when little information is known (especially in early stages of the project). In the Options Trading Universe that information is available, real-time, and numerical. A true call for automation!

What is this Multi-Criteria Decision Making (MCDM) technology? I haven’t heard of it being used in options trading before.

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