Boston FinTech startup, Quantopian, is open-sourcing its application to coders interested in researching and testing financial investment data. The company has raised $24mm to-date and provides tools that allow anyone to “write market-beating algorithms.”
CoinTelegraph: What is Quantopian and what do you guys wish to accomplish in the current FinTech environment? Andrew Campbell: Quantopian is a free platform for research, testing, discussing, and deploying stock trading algorithms. Top performers on Quantopian will be invited to join our crowdsourced hedge fund, the Quantopian Managers Program, where their algorithms will be backed by a multimillion-dollar pot of investor capital. As a part of the managers program, an algorithm writer is given a share of the profits they generate. We also run an algorithmic paper trading contest called the Quantopian Open. Each month we award $100,000 in backing to the winning algorithm writer. After six months, they keep all the profit their algorithm produces.