Is Quantopian The Next Bloomberg?
forbes.com
Is Quantopian The Next Bloomberg?
1–10 of 20 posts
Re: Is Quantopian The Next Bloomberg?
#2Revenue per user might be high, but it's targeting a smaller market. Bloomberg is useful to anyone who buys or sells stocks in any way. Quantopian seems to be about people who want to find a technical system to beat the market. This is by its nature self-defeating. If everyone is using Quantopian, everyone cannot be beating the market. The article makes this very point on page two.
Re: Is Quantopian The Next Bloomberg?
#3In this space there is also http://www.quantconnect.com.
As a concept it can take off for sure, but not sure the Bloomberg comparison is fully accurate.
Re: Is Quantopian The Next Bloomberg?
#4I've been lurking on Quantopian for a few months. The algotrading community is secretive. Currently, you code in python which is then saved and run on their servers. I fear Quantopian copying the best trading strategies for their own use. Even if you black box the code, all Quantopian needs is I/O with your program. What's to stop this?
Re: Is Quantopian The Next Bloomberg?
#5I have a fair bit of insight into this world as I work in it and this quote seems abit off.
> Now, 5% of asset managers are algorithmic traders. In a decade, 50% to 70% of asset managers will use trading algorithms.”
It may be true that if you include all mutual and pension funds that only 5% have their own algos, and even that seems very low, its important to note that these funds trade through other brokers like Goldman and Knight capital.
I'd guess that vast majority( > 90%) of trade that they do are done algorithmically whether on a simple VWAP or a more complex "work it" style algos.
Maybe the author meant alpha seeking algos rather than basic order allocation algos?
Re: Is Quantopian The Next Bloomberg?
#6Revenue per user might be high, but it's targeting a smaller market. Bloomberg is useful to anyone who buys or sells stocks in any way. Quantopian seems to be about people who want to find a technical system to beat the market. This is by its nature self-defeating. If everyone is using Quantopian, everyone cannot be beating the market. The article makes this very point on page two.
At the same time, if this is a genuinely useful tool for its intended purpose, there are lots of exit strategy possibilities. It might be worth billions to a single hedge fund.
Re: Is Quantopian The Next Bloomberg?
#7I've been lurking on Quantopian for a few months. The algotrading community is secretive. Currently, you code in python which is then saved and run on their servers. I fear Quantopian copying the best trading strategies for their own use. Even if you black box the code, all Quantopian needs is I/O with your program. What's to stop this?
We get this question at Quantopian periodically.
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Of course, there is no way that we can prove or guarantee that we're not peeking. Like anything else in the cloud, at some point it becomes a matter of trust. That's why we did our About page a bit differently (https://www.quantopian.com/about). We're all startup veterans with reputations in the industry. You can click the links there and find out who we know in LinkedIn, and see what they say about us. We hope that our good reputations make it easier for you to trust us. Of course, that is entirely up to you!
Re: Is Quantopian The Next Bloomberg?
#8Can we please stop posting Forbes contributor articles?
Re: Is Quantopian The Next Bloomberg?
#9[deleted]
Re: Is Quantopian The Next Bloomberg?
#10No.