Market intelligence
Permutable
Permutable turns global news into explainable signals on commodities, currencies and the macro economy for hedge funds, banks and trading desks.
- Based in London
- 10 people in 2025
- Founded 2017
- 4 open roles
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“Permutable turns global news into signals that hedge funds and commodity desks can test. It is a small company in London. Cash was about $803,000 at June 30, 2025, and the accounts do not publish revenue. Accumulated losses widened that year. Wilson Chan still runs it. The open roles are hybrid engineering jobs in Vauxhall, at least three days a week in the office.”
Jack’s take on Permutable
The questions people ask Jack about Permutable
Cash was about $803,000 at June 30, 2025
It cleared about $273,000 of loans that had been due after a year.
These accounts are for Permutable Technologies Limited, the company that employs the team. It files on its own, with no subsidiaries in the accounts. The directors have not filed an income statement, so revenue is not published. The directors expect the company to keep operating. Michael Brisley says annual recurring revenue is six times what it was when he joined in 2025. Accumulated losses were about $702,000 at June 30, 2025, up from about $190,000 a year earlier, after the reserve had improved in the year to June 2024. About $49,000 of loans were still due within a year. Cash is converted from pounds at the ECB rate on each balance-sheet date.
It issued shares for about $993,000 in the year to June 2025
The accounts state the cash paid for shares in the year to June 30, 2023 and the year to June 30, 2025. The 2023 bar is £250,000 at the November 11, 2022 rate, about $294,000. The allotment form dates that payment, and the accounts report it as one total for the year. The 2025 figure is one total for the shares issued that year, converted at the June 30, 2025 rate. Share premium at June 30, 2023 was larger than that year’s share issue, so earlier shares had been issued too. On September 22, 2026 the company allotted 650,000 shares for about $7,300 in cash. Confirmation statements show about 2.2 million further shares by September 23, 2025 and about 2.8 million more by September 23, 2026. Those filings do not state what was paid. There is no announced valuation. Wilson Chan has held more than half the shares and the votes since the company was formed, and he can appoint and remove directors.
It employed 10 people on average in the year to June 2025
The average includes directors. The company has not published a headcount since these accounts.
Founder Wilson Chan still runs it
Wilson ChanFounder and CEO
Petroineos
Michael BrisleyChief commercial officer, since May 2025
ISI Markets
Talya StoneChief marketing officer, since September 2020Wilson was a quant trader at Merrill Lynch and later led institutional financial solutions for Citi in Asia Pacific. His last role before the chief executive title was a quant contract at Petroineos, which ended in February 2019. That title on his profile starts in July 2020. The company was incorporated in June 2017 as Saffron Blue Ltd and took the Permutable name on June 30, 2020. Wilson describes the business as conceived in 2020. Michael joined in May 2025 from ISI Markets, where he led sales across Europe, the Middle East and Africa. He had previously sold at Bloomberg, CreditSights and Macrobond. Talya has been chief marketing officer since September 2020 and a director since October 2024. She was company secretary from 2018 to 2021. In March 2026 the company hired Will Peters as business development director, covering Europe and the United States.
A small team spends at least three days a week together in Vauxhall
The hub. The office is Vox Studios in Vauxhall, at 1-45 Durham Street. The open roles ask for at least three days a week there.
The pace. The engineering roles work directly with the founder. The company describes a close team, with socials and offsites.
The stake. The machine learning role includes equity options.
No layoffs reported.
The job posts do not list salary.
It won two innovation awards in 2026
It won Technology Provider of the Year for innovation at the Hedgeweek European Awards in June 2026.
It won AI Innovation of the Year for Europe at the Euromoney Markets Awards in October 2026.
It keeps more than 11 years of point-in-time history, so a backtest uses what was known at the time.
Each signal can be traced back to the reporting behind it.
Its site describes coverage of more than 70 commodities, plus macro and currencies.
A live evaluation published on October 1, 2026 reported a 24.8% return from the start of 2026 through September 22, on 19 commodity contracts, up from six. From October 3, 2024 through September 22, 2026 the same evaluation shows a 74% cumulative result. That 74% adds daily profit and loss. It is not a compounded return. The company says the test excludes trading costs, roll costs, fees and slippage, can use leverage, and is not an investment product. It does not name its clients.
What people tell Jack
“At Permutable, data isn’t just analysed for academic purposes. It’s turned into useful insights that support real decisions.”
Open roles
Permutable has 4 open roles on its careers page. 4 list the UK. Pick a team to see the roles and Jack’s read.
Jack’s read for AI and machine learning
2 open roles
- The open AI roles build language-model pipelines that turn news into structured signals, and they test the cases where a model fails.
- Training runs on the company’s own GPUs.
- The roles work directly with founder Wilson Chan on model choices and how results are judged.
What these roles pay and who gets hired, from our hiring guides
Jack’s read for software and platform
2 open roles
- The platform roles are moving the system from scheduled pipelines toward real-time, event-driven services on AWS.
- They also run the infrastructure for agent-style workflows, including retries, routing and monitoring.
Two new roles in October
New roles each week worldwide, from the week of October 5 to the week of October 26, 2026, from our daily checks of its careers page. The first week of checks is left out, because it counted roles already open.
Closed roles1 since September 29, when our checks began
The most recent, as of November 6, 2026.
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About this page
Jack & Jill isn’t Permutable’s recruiter. The open roles come straight from Permutable’s public careers page and refresh through the day. Company facts come from Permutable’s own announcements and named press, linked on each card, and were last checked on November 7, 2026. Jack’s take is Jack & Jill’s own.