News

London-Based Technology Company Helps Fanshawe Talent Grow

October 22, 2012

Cyborg Trading Systems to hire Fanshawe grads.

A local business start-up is growing - and using Fanshawe talent to do it.

Cyborg Trading Systems was recently awarded $381,500 from FedDev Ontario's Prosperity Initiative to increase its resources and is expected to create 16 new highly technical jobs in the region, more than doubling the company's current workforce.

Cyborg Trading Systems is a cloud software company that develops automated trading technology for global financial firms. The technology uses computerized algorithms to automate the process of trading and managing the risk of financial instruments such as stocks, bonds and options.

At the recent funding announcement, Cyborg founder and CEO James McInnes spoke highly of Fanshawe College and the first four hires with the new funding will be graduates from Fanshawe's Computer Programmer Analyst program.

Since the company was founded in 2010, Fanshawe College and Western University students have been participating in research projects and co-op placements with Cyborg and have been assisting staff with developing new ways to implement faster and smoother computer algorithms for better software.

"Our investment in the Fanshawe co-op program provides us with an employment pipeline, so we can ensure that we have a large pool of very qualified candidates to choose from in the future," McInnes said. "We believe that this is the ideal way to hire qualified and well-suited employees since everyone has the opportunity to work with each other before choosing a permanent career path. Fanshawe students play an integral part in creating some of our most sophisticated technology and we look forward to continuing our strong support of the co-op program."

To date, Fanshawe College has collaborated with Cyborg Trading on an applied research project funded by the College and Community Innovation Program (Applied Research Grants), administered by the Natural Sciences and Engineering Research Council of Canada (NSERC). Fanshawe is a current partner in a second NSERC-funded project involving the College, the company and Western University.

Kevin Weaver, Chair of the School of Information Technology, believes companies like Cyborg provide tremendous opportunities for students and recent grads.

"There are a lot of great companies doing great things in London," Weaver says. "Cyborg has given many of our students opportunities to learn and grow in a vibrant and innovative environment."