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Overview | Milestones | Management
June 8, 1987 LMT is founded in Cambridge, Massachusetts, to create EXPO™, a unique "spreadsheet for financial time series", with the first version incorporating over 300 math, programming and analytics functions.
October 19, 1987 Stock markets crash worldwide, with the Dow declining by 22.6 percent in one day, giving LMT and early taste of how Wall Street's innovations, in that case LBOs, could give rise to crazes, followed by crashes.
1988 LMT secures first institutional client for EXPO, Fidelity Management & Research Company.
1991 LMT secures its first hedge fund client for EXPO, Moore Capital Management.
1992 LMT secures first large Wall Street Institutional client for EXPO, Morgan Stanley.
1992 Reuters negotiates a worldwide agreement with LMT giving it the right to sell EXPO to users of its market data and trading platforms.
1993 LMT releases TickBase™, a high-speed Unix based multi-server architecture for accumulating and storing the most voluminous live datafeeds in the world.
1993 Morgan Stanley's CIO Kevin Parker secures for his firm the first worldwide site license to LMT's EXPO software.
1994 LMT donates its EXPO software, and then enlists and organizes major vendors to donate their software, computer equipment, datafeeds, office space and funding to Carnegie-Mellon University's FAST lab for quantitative finance, making Carnegie-Mellon's FAST program the first such program in the world program to offer a live and fully equipped trading floor environment to MBA students -- including a new New York FAST campus. The FAST program and the live trading floor model is then licensed to, and emulated by, most of the leading MBA programs in the world.
1994 LMT releases XPL, an easy, C-syntax compliant interpreted programming language for use within the EXPO environment.
1994 LMT creates SmartSheet™ (later renamed mSheet™), and executes a worldwide license for mSheet with a single, large Wall Street firm, for its restricted, confidential, internal use.
1994 LMT creates EXPO/NeuralNets
1995 LMT creates BasketTrader
1996 LMT creates EXPO/Econometrics
1997 LMT's Chairman & CEO gives a cautionary warning in the New York Times, about the hazards of program trading to individual investors attempting to use the types of stock analysis software then being sold to them. The New York Times reports:
December 1, 1997 LMT agrees to allow Business Week show a path-breaking EXPO analytics display chart in its article "Mining Profits from Microdata - New software exploits second-by-second market trends."
1997 LMT creates EXPO/MonteCarlo, EXPO/Portfolios and EXPO/Risk
1997 EXPO becomes the first analytics application to support the full data API of the newly Open Bloomberg terminal - and is offered by Bloomberg to all of its users via direct mail drops of the EXPO software upgrade CD.
2000 LMT creates MarketBrowser®, using the charting engine of its flagship product EXPO, and limiting its data operations to four basic math operations: +,-,*,/ from among EXPO's over 700 functions, and LMT invents MarketBrowser's unique drilldown and universal, symbol-specific web pivoting to a vast number of free financial content websites on stocks, mutual funds and currencies.
2001 LMT's EXPO is in use by over 80 percent of the world's large banks and investment banks.
2001 The Wall Street Journal chooses the 12-chart MarketBrowser Base Edition to become a fixed component of its WSJ Online, giving MarketBrowser fixed placement, front-and-center on WSJ.com, as well as on Barrons.
2001 NASDAQ, SmartMoney, Zacks, Forbes, Multex/Reuters, Motley Fool and others all contract to offer MarketBrowser-PE, a 4-chart version of MarketBrowser carrying their own co-branding and clickover menus as part of their home pages.
2001 Morningstar contracts with LMT to offer the 12-chart MarketBrowser Base Edition, co-branded and with deep links into Morningstar content, as part of its home page. 4-chart MarketBrowser-PE
2002 et seq. Hewlett Packard contracts for and begins to bundle and pre-install the 4-chart MarketBrowser-PE, onto successive model years of all HP Pavillion Desktop PCs sold in North America.
2002 Google contracts with LMT to offer a Google branded version of MarketBrowser, which Google promotes via placement of Google search ads covering over 2000 finance terms indexed by its search engine.
2003 MarketBrowser hits the milestone of 500,000 registered users.
2006 MarketBrowser hits the milestone of 1 million registered users.
2007 LMT Releases MarketBrowser/FX
2008 LMT Creates TradeSelect and SeminarSelect -- new marketing platforms giving qualified marketers opt-in access to new MarketBrowser users.
2009 LMT Creates MarketBrowser-Select, a new financial industry-focused advertising platform based on a 100% transparency, opt-in offer registration model for individual respondents.
2010 United States Patent & Trademark Office issues patent # 7747486 on multiple innovations in LMT's software, delivered to the marketplace originally in MarketBrowser.
December, 2010 LMT Releases MarketBrowser AE to the investing public, complete with data provided by the MarketBrowser datacenter, making the core of its unique and proprietary EXPO -- over 800 analytics and programming functions, Conditional Analytics™ and mSheet™ -- available to individual investors and small professional firms for the first time in LMT's history.
September, 2011 LMT Releases MBSelect™, a unique single-offer marketing platform delivering advertisers the highest quality leads and access to over 5 million active and high-net-worth investors -- all on an unprecedented CPL basis. MBSelect is a revolutionary platform, driven by LMT's detailed study of the end-to-end process economics of its advertising customers in turning web-based leads into closed sales with satisfied customers.
April 3, 2012 United States Patent & Trademark Office issues continuation patent # 8150752 on further innovations LMT's software, delivered to the marketplace originally in MarketBrowser.
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