Machine learning platform minimized Brexit fallout for investors

The U.K.'s Brexit vote was something few prognosticators saw coming prior to the June 23 referendum. But once the results were in, it was clear the vote to leave the European Union would have a major impact on financial markets. The pound sterling fell in value by 11% two days after the vote, and both the Dow Jones Industrial Average and the London Stock Exchange's FTSE 100 index lost more than 2% of their total value. This left millions of traders all over the world scrambling to find safer investment positions. But at least one group of investors was relatively calm, according to Omer Cedar, CEO of Omega Point Research Inc., a New York-based software company that sells analytics tools to help investment managers review their portfolios for risks.