Is Quantopian The Next Bloomberg?(forbes.com) |
Is Quantopian The Next Bloomberg?(forbes.com) |
also, Bloomberg is in completely different business.
if somebody really wants to work on replacing Bloomberg let me know. this is a huge market, which nobody is working on AFAIK (=~Angellist).
You retain ownership of the content you put in our system; everything you write is yours. Your intellectual property remains private and your own. You can read more about our policies in our terms and in our FAQ (https://www.quantopian.com/faq and https://www.quantopian.com/policies/terms)
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!
Traders need to keep their algo close to themselves. What you can offer is not testing their algo on your platform, but separating the their critical algo from the commodity data mining then offer the latter. The latter is what most traders don't have and you can add value. The ability of separating the algo, might just be your competitive edge.
> 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?
As a concept it can take off for sure, but not sure the Bloomberg comparison is fully accurate.
In the algo trading field, nobody can beat HF. In the alpha seeking field, it takes much more than trading algo, or a single algo. Complete computerization is not impossible but definitely a very hard problem.
In term of creating a Bloomberg competing model, I'll not entirely build it on algo based. There are numerous cheap highly educated labor out there in the world, outsource it, fill in the gap where data mining is still not good at. Only then, Quantopian will become a sound Bloomberg conteder.