How does Quantiacs work?

The company invests some of its own money in the competition winners and aims to become a marketplace for automated trading systems. Quantiacs does not charge management fees to investors and assigns performance fees of 10\% of the strategy net new profits to the quants who developed the systems.

What is the goal of backtesting?

Backtesting is the general method for seeing how well a strategy or model would have done ex-post. Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward.

What makes quantiacs different from other trading platforms?

Quantiacs gives away the most prize money and investment allocations ($2.4M prize allocations each Quarter) from institutional investors. Quantiacs is the only platform that is actively trading. You can see all of the invested trading algos on their live marketplace HERE. Quantiacs supports both Python and Matlab.

Should I invest in Quantopian or quantiacs?

By contrast, Quantopian was launched by people who never worked as professional quants, and t heir main investor is Steven Cohen who pleaded guilty to the biggest insider-trading scandal in history and even had to pay a $1.8Billion fine. I trust Quantiacs more than Quantopian.

Why don’t Quantopian winners take the prize money?

On Reddit and other forums I’ve read that past winners of Quantopian have been required to sign over exclusivity of their algo in order to accept the prize winnings. For this reason, many Quantopian winners don’t actually take the prize money. Quantiacs was founded by one of the world’s top quantitative minds who is well-respected in the industry.

Do you trust Quantopian’s algorithms?

On Quantopian, I do. Quantopian advertises that they respect IP, but if you win one of their contests or get selected for investment, they send you a huge legal document and force you to assign them exclusivity of your algorithms over to them. In general I don’t trust them.