| 1. |
Who is Recognia? |
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Recognia is an industry leader in automated chart pattern
recognition. Our proprietary pattern recognition technology
is capable of recognizing patterns in the price charts of
any publicly traded financial instrument including stocks,
bonds, funds, commodities, currencies and indexes. These chart
patterns are known to indicate trading opportunities See our
Reference Materials
to learn more about chart pattern recognition. The depth and
accuracy of information we provide — its content, quality
and quantity — is only available from Recognia. Recognia
generates content in-house and licenses it to financial portals,
online brokerages and other financial institutions. Click
here for a list of Recognia's partners.
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| 2.
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What makes Recognia unique?
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Three principles are the bedrock of Recognia success: scientific
credibility (both mathematical and financial), knowledge of
customer requirements, and advanced computer processes that
enable complex data modeling to be done on a vast scale. We
find more patterns, faster than any other process and we provide
the flexibility to allow you to deploy these patterns to your
customers in the manner that creates the most value for you
and your customers.
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| 3. |
Are you aware of any other organization
that provides a service such as Recognia on the entire suite
of stocks and deploying it in this manner? |
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No. We are aware of dedicated,
usually desktop tools, which provide limited pattern identification.
We are also aware of some organizations that identify patterns
in major stocks and provide those as a service to selected customers,
but we are not aware of any organization that can provide comparable
volume, speed and flexibility of pattern recognition and deployment.
In addition, we are not aware of any organization that is identifying
patterns and then providing them to major financial web sites
for the use by their customers.
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| 4. |
Is the company selling a product
license or an information service? |
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The company is selling an
information service. Recognia customers
(financial portals and online brokerages) retrieve the information
through the Recognia
API. Recognia also provides a Hosted Website service which
facilitates the deployment of Recognia chart patterns by making
available pre-built web pages, hosted by Recognia and branded
for your company.
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| 5. |
What is Recognia doing that
is better than the solutions already available? |
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Recognia has automated the discovery, identification and
annotations of patterns in all stock and commodity markets.
This ability has not previously been available and was a task
that previously had to be performed manually. As such, it
was humanly impossible to monitor all stocks and all commodities
on a continual basis. Typically, analysts and investors would
focus on a few stocks and monitor them manually on an infrequent
basis.
Discussions with professional analysts indicate that they
are capable of monitoring 50 to 75 charts per day. The Recognia
system currently scans over 16,000 per day and this number
is continually increasing as additional exchanges are added.
In addition, as patterns are discovered and annotated the
results are permanently stored in Recognia's database. This
permits sites to private label this database and provide their
users with historical comparisons of patterns for evaluation
of past performance. This is a capability that has not previously
existed.
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| 6. |
What markets does Recognia monitor? |
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Recognia currently monitors the stocks, currencies and indices
in following markets. Additional instrument types and exchanges
may be added as required.
- New York Stock Exchange (NYSE)
- NASDAQ
- American Exchange (AMEX)
- Toronto Stock Exchange (TSX)
- TSX Venture Exchange (TSX-V)
- London Stock Exchange (LSE)
- Indexes related to the listed exchanges
- Foreign Exchange (Forex)
- International Money Market (IMM)
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| 7. |
How often do you scan the markets? |
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Every security from each exchange
is reviewed after the close of each trading day. All recognition
is performed at that time and all of the found patterns are
placed in a database for retrieval.
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| 8. |
Do you offer real time patterns? |
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At this time Recognia does
not offer real time patterns. However, this will be a future
product offering.
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| 9. |
Can I trade online at this site? |
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Recognia does not provide
an online trading service. Rather we provide our information
as a service to other sites who do have online trading as a
feature.
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| 10. |
When is the pattern information
available? |
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The pattern recognition process
is completed around midnight to ensure that the information
is available before the open of the next day's trading.
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| 11. |
Can my website syndicate the
content contained in the Recognia database? |
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Yes. Please contact us to discuss
your needs further.
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| 12. |
How do I reach you to submit
a suggestion, report a problem or receive further help? |
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We value your opinion and
welcome your feedback. To submit a suggestion, comment, or a
problem please email: info@recognia.com.
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