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This is not another story about a novice trader who has unlocked the secrets of the stock market. Quantopian is lowering the barrier of entry to test trading algorithms in the stock market. Submit an algorithm, and see how it performs on the past two years of data. Best performing algorithm gets a $100,000 to set loose on the market, and gets to keep the profits.
Quantopian, which offers mathematicians and quantitative thinkers a turnkey platform to develop, test, and execute algorithmic trading strategies, has previously stated its intention of building a crowdsourced hedge fund. The company took a crucial first step in that direction this week by awarding the top trader in its community across the month of February $100,000 with which to trade for the next six months. The winner, American engineer Grant Kiehne, will get to keep all the profits generated during this period.
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