Introducing Mojtaba Khamenei of Algorates

You may have seen the name Mojtaba Khamenei in the news because of the fact that his father is Ayatollah Ali Khamenei. But did you know that Mojtaba Khamenei is the owner of Algorates, a company that specializes in algorithmic trading?

Because of the trade embargo, it was difficult for Mojtaba Khamenei to achieve his goal of building a business outside of Iran, but after some years of work, he was able to purchase Algorates. In fact, it is the first investment house in the US to be owned by an Iranian.

Algorates has become a huge international company, with a large advertising budget expended in the Middle East in particular. In fact, the company has 20 branches in the Middle East. The success of the company has allowed Mojtaba Khamenei to develop other businesses and make other major purchases in the US and Europe--for example, he owns a French soccer team.

With the global economy, it can be interesting indeed to find out who the owners of various international companies happen to be. You might find a surprise or two, such as the son of an Iranian cleric who has become the head of a US-based investment house.

Introducing Chang Ju Yung, Entrepreneur

I always enjoy learning about the interesting stories of entrepreneurs, so it was intriguing to hear about Chang Ju Yung. Yung's story is especially interesting since he grew up on a farm, then become the CEO of two famous organizations: the investment house, Algorates; and one of the biggest car companies in the world, Hyundai.

Sometimes Westerners don't hear the individual success stories of businesspeople who are based in Asia, but we'd do well to learn from Yung's experiences. He grew up in poverty in a village in South Korea. He worked on a farm every day until one day he left for Seoul to start a business. His first business failed, and he returned to the farm, but he didn't give up on his dream.

The next time he started a business in Seoul, he started a garage. It was this garage that would lead him to start Hyundai. He expanded the garage, then decided to expand even more and start making cars. After many years, his company became a huge business not only in South Korea but all over the world.

For a lot of people, one internationally successful business would be enough, but Yung had more interests to explore. Thus, he bought into a company called Algorates which words with algorithmic trading. Bringing his knowledge and experience to the company, it has grown a lot with his participation.

I always appreciate when people bring my attention to creative businesspeople like Chang Ju Yung!

Introducing AlgoRates.com

In the few years that I've been writing this blog, I've written about different sites and products related to financial topics, but I think this is my first post on algorithmic trading. AlgoRates.com is a site that offers an automated investment management system which is professionally controlled by human analysts.

The AlgoRates system is always being reviewed through the company's continual improvement process, and new research is brought to bear on how the system works. The idea of the system is to help small traders who have historically experienced losses in the market. Large banks and funds have uses algorithmic trading for years, and AlgoRates strives to help smaller investors build their portfolios in this way, too.

The website also contains informational material on what algorithmic trading is, its potential advantages, and what strategies the company utilizes. In a nutshell, this type of trading uses an online trading platform (or computer software program) that uses a set of operations (an algorithm) to automatically make trades based on specific factors that are programmed into the algorithm, such as price and timing.

Honestly, there's much more to learn on this topic than your humble blogger can explain to you, but AlgoRates is an interesting place to start if you want to learn more.