With innovations cited in nearly 4,000 U.S. Patents, Cormac has been the founder of four software startups acquired by public companies. He is a quant finance pioneer who invented heatmaps, designed over 100 institutional trading systems, and perfected sentiment analysis for statistical arbitrage, using it to manage over $500 million for Tudor and Millennium. Most recently, he built a business social network integrated into premium news publications, which was acquired by News Corp.
Cormac studied computer science at Carnegie Mellon, earning Bachelors and Masters of Science degrees. Now, as founder of Diamond Standard, he has solved the challenge of creating a standardized diamond commodity. Delivered as a physical coin or bar, this regulator-approved commodity can be transacted as a token on a blockchain, with diamonds supplied fairly via transparent bids on an electronic diamond exchange.
Diamond Standard, developer of the first standard diamond-investing product, said it is launching a $50 million investment trust to make diamond trading more accessible to professional investors.