Pioneering Future Trading with Advanced Algo Trading Tool

Pioneering Future Trading with Advanced Algo Trading Tool

Capital Markets CIO Outlook | Tuesday, August 13, 2019

Jared Broad, Founder & CEO

A multitude of hedge funds are posed with an increasing challenge of quant costs and limited talent and the only answer is a robust algorithm trading solution.

FREMONT, CA: QuantConnect, an open-source, cloud-based algorithmic trading platform, releases Algorithm Framework for its community of over 85,000 users. The innovative tool provides a defined structure for developing algorithms and allows users to share and utilize individual code modules from other members to build and enhance their strategies. The framework breaks down algorithms into five core features, including universe selection, alpha creation, portfolio construction, execution, and risk management.  

The structure of Algorithm Framework permits modules to be used interchangeably allowing QuantConnect’s users to plug into powerful new models from the community quickly. Users can invest their time and effort on coding parts of a strategy where they excel in borrowing modules from other community members to cope with the areas in which they are less proficient. Giving users the ability to share modules from existing strategies to utilize in newer strategies eliminates the need for re-coding, which reduces the possibility of syntax errors and saves users’ time.

“Algorithm Framework elevates the efficiency of algo trading strategies by providing a well-defined structure that presents several advantages over conventional design,” says Jared Broad, CEO, QuantConnect. “This tool allows our quants to focus on their strengths and tap into the shared expertise of our open-source community; as a result, every module of an algo can be top quality.”

The hedge fund and trading fund space are rapidly transitioning into a digital world, driven by algorithmic trading. But they are posed with a challenge of quant costs and limited talent. QuantConnect addresses this problem for the quantitative fund market while revolutionizing the industry’s approach to it, providing unparalleled access to crowdsourced alpha and identifying characteristics they desire, and license signals directly from the community. “We enable these organizations to search the library of algorithms available on Alpha Streams and license them with a simple API call, facilitating access to proven strategies, while distributing revenue to the creators,” adds Broad.

Establishing its position in the proprietary fund trading landscape through its reliable open-source platform, QuantConnect is poised to expand on a global scale with many additional offerings in the pipeline. With community members from around the world, QuantConnect bags a feature in Capital Markets CIO Outlook’s Top 10 Algo Trading Solution Providers. “We believe the international expansion will be one of the most powerful additions to Alpha Streams, allowing the community to find signals from domestic stock markets across the world,” concludes Broad. 

Weekly Brief