NEW YORK--(BUSINESS WIRE)--QuantConnect, an open-source, cloud-based algorithmic trading platform, today announced the launch of Alpha Streams, a marketplace for the QuantConnect community to list their alpha-generating insights for licensing. Selected hedge funds and proprietary trading firms can subscribe to the Alpha Streams API to receive thousands of real-time signals, unlocking the ideas and market insights of a community of quants to automate alpha discovery.
By delivering alpha as an API stream of insights, quantitative trading firms have more flexibility on how they apply insights from the community, enabling them to search and combine signals from thousands of quants in ways previously impossible.
Subscribers to the Alpha Streams API can analyze historical and real-time trading signals from up to 50,000 quants, covering equity, FX, cryptocurrency, futures and options markets. Information will be available about Alpha Streams quants, including the asset classes they trade, the length of time that they have used the platform, and data on the results of their previous and live algorithms. Funds have the option to purchase exclusive access to individual insights, giving the quant a higher compensation.
“By automating the alpha discovery process with our marketplace of insights, we’re revolutionizing the way hedge funds and proprietary trading firms source talent, and disrupting the traditional recruitment process,” said Jared Broad, CEO of QuantConnect. “I’ve seen our community build countless alpha-generating strategies, and I believe the Alpha Streams API is the best way to reward our talented users. We are proud to provide selected firms with access to top-tier quantitative strategies and key insights from the QuantConnect community into how markets are moving.”
“As the first client of Alpha Streams, we at Tibra value innovation and believe the platform empowers the quant community to monetize their ideas and create value for themselves,” said Chris Udy, CEO of quantitative and systematic proprietary trading firm Tibra Capital. “I'm really excited to work with the QuantConnect Alpha Streams product and look forward to see it's application in our investment process.”
With cryptocurrency support added to the platform this past October, QuantConnect continues to build strong momentum within its community. Additionally, and more recently, QuantConnect launched a bootcamp program on its website that provides those interested in joining the community with a training ground to get acclimated to its APIs.
QuantConnect is an open-source, cloud-based algorithmic trading platform for equities, FX, futures, options, derivatives and cryptocurrencies. QuantConnect serves nearly 50,000 quants from 170+ countries, and its users have designed more than 100,000 algorithms. Customers include hedge funds and brokerages, as well as individuals such as engineers, mathematicians, scientists, quants, students, traders and programmers. To learn more about QuantConnect, visit quantconnect.com.