Pearl River Capital ("PRC") is founded and Niles, Michigan is chosen as the company headquarters.
After nearly two years of research and development, PRC begins trading a portfolio in a beta-testing phase with live money. Measurements of tCosts and other calibrations commence.
Trading cost calibrations are completed, and the live system is relaunched for "prime time" using 18 months of trading data. The scaling of the book begins in North America and Europe.
PRC expands into the Asia-Pacific region and transitions into a 24-hour trading operation.
The best is yet to come...
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