
Tony Kolton retired from options floor trading on the Chicago Board of Options Exchange in 1988 in order to start Logical Information Machines (LIM), Inc., a software company whose mission was to build the world's most powerful analytical tools for identifying trading strategies based on historical market data and significant external events.
At LIM, Tony invented the "Market Information Machine" ("MIM"), a tool which employs patented technology to store, analyze and query massive time series databases to obtain instant answers to any question about any market. The MIM includes a powerful automatic chart overlay feature called "analog" which correlates and matches current chart patterns to historical patterns, enabling analysts and traders to predict what will "happen next" if history repeats.
In 1987, Tony manually compared analogs to match IBM's 1987 chart pattern with GM's charts in 1929, and came up with a strategy to heavily short IBM based on what he saw. His prediction of a looming massive market correction in 1987 came to fruition in 1987's stock market crash resulting in a big win. What Tony did by hand and took countless hours to analyze in 1987, can be done today in less than one minute with the MIM.
Mr. Kolton possesses a BS degree in Accounting, and is a certified CPA. He also holds an MS in Taxation and a JD degree in Law. However, Tony is most proud of the practical experience he gained trading the markets, which led to the creation of the MIM.