10 thousand registered quant-users is a proud milestone for Quantiacs and we are excited to see such great momentum for quant investment across the board
MOUNTAIN VIEW, Calif. (PRWEB) January 31, 2018
The algorithmic quant fund Quantiacs (http://www.quantiacs.com), an investment platform for trading algorithms, today announced it has soared past 10 thousand ‘quant’ developer-users. The number of developers, data-scientists and other tech-savvy professionals coding algorithms on Quantiacs has grown nearly 300 percent year-over-year since their initial launch in 2014, positioning the investment fund to become the largest quant investment marketplace in the world.
The Quantiacs platform is attractive for both investors who can access exclusive algorithms on-par with the largest quantitative investment funds and also for freelance quants who make 10 percent of all net profits their algorithms produce if they are funded. Freelance quants, largely from the United States, Asia and Western Europe compete every quarter on Quantiacs for a chance to receive part of the capital allocations totaling $2.25 million. Now on their 10th consecutive “Q10” quarterly competition, Quantiacs will award $1 million to the first place winner, $750,000 to second and $500,000 to the third. Quantiac’s 10,000+ users have collectively developed thousands of algorithmic trading programs for high net worth individuals, institutional investors, and family offices.
What was once the interest of only a small number of tech-savvy enthusiasts and finance professionals, quantitative investment algorithms are today becoming mainstream. Dozens of online communities have formed across the internet sharing algorithm development tips, tricks and strategies. The Quantiacs management team lead by Martin Froehler, Eric Hamer, and Alex Foster —all quant algorithm developers themselves— credit their success to active engagement with the quant community.
“10 thousand registered users is a proud milestone for Quantiacs and we are excited to see such great momentum and traction for quant strategies across the board,” said Martin Froehler, CEO of Quantiacs “Our team is committed to continuing to provide an amazing experience for our quants and investors alike and with a growing number of high-quality algorithms, we expect a snowball of new investors seeking to access quant strategies.”
Whether or not an algorithm wins a quarterly competition, they are all continuously tested and the very best performers are made available for Quantiacs’ investors to invest in at any time. Of the millions of individual algorithms these users have submitted and back-tested on the platform, only a few thousand algorithms have performed well enough to be made available to investors on the Quantiacs marketplace. Investors can easily build a portfolio of diversified algorithms to achieve any number of objectives or they can invest in individual algorithms.
With increased millennial and institutional interest in cryptocurrencies, data sciences and machine learning applications, Quantiacs expects to see continued growth throughout 2018. The pace of fin-tech innovation is only accelerating, and with platforms like Quantiacs enabling and inspiring young developers, we’re sure to see creative opportunities like this flourish in the unimaginably enormous equities, futures, derivatives, and cryptocurrency markets.
Quantiacs gives anyone with the technical skill-sets from around the world the ability to compete for investment capital. Quantiacs’ mission is to democratize the quantitative investment space and to inspire developers and traders to write their own investment algorithms. They provide the education, open-source tools, comprehensive historical data, and complete infrastructure to code and launch trading algorithms. Quantiacs allows its developers to retain ownership of their algorithm’s IP and users are provided 10% of the net profits their strategy generates if invested in. As of January 1, 2018, Quantiacs has raised several million dollars in capital from leading investors. Learn more about Quantiacs at (http://www.quantiacs.com).