In my 10+ years at Dorsey, Wright & Associates, a Nasdaq Company, I’ve seen how technology can change things for the better. In truth, if we hadn’t adopted technology to support our business, it would look nothing like it does today. In the early days of Dorsey Wright, Point & Figure charts were calculated and updated by the analysts – by hand. Hundreds of stocks every single day were updated in this manner.
In the mid-90’s, with the launch of the website, the Point & Figure charts were able to be updated and calculated by computers. The capacity went from hundreds of charts to thousands of charts to be updated and maintained every night. Then cloud-based technology came to the rescue. The rooms full of mainframe computers vanished (remember those?!), and we were able to escalate our efforts at a rapid pace.
Using this new technology, we have been able to exponentially increase the capacity for relative strength chart calculations as well as increase the speed at which these updates are completed. On the DWA Global Technical Research Platform we’re now able to automate Point & Figure charts and rankings for more than 7 million securities and instruments on a daily basis.
In 40 sectors. In 77 countries worldwide. And because of our use of the DWA Platform, our team now has more resources without adding many more people. Talk about change! As an ETF strategist and an index provider, we have used technology to help advisors stay on top of change, not lag behind it, and to leverage it to their full advantage.