Quantiacs
| Company type | Private |
|---|---|
| Industry | Quantitative finance, Algorithmic trading |
| Founded | 2014 |
Area served | Global |
| Products | Crowdsourcing platform, Algorithmic trading marketplace, Backtesting tools |
| Website | quantiacs |
Quantiacs is a crowdsourcing platform specializing in quantitative finance, hosting competitions centered on algorithmic trading and providing a marketplace connecting investors with quantitative analysts.
History
Established in 2014, Quantiacs grew its community from 6,500 quantitative traders in April 2017 to surpassing 10,000 participants by January 2018.
Business model
Quantiacs allocates its own funds to invest in top-performing algorithms and positions itself as a marketplace for automated algorithmic trading solutions. The company does not impose any management fees on investors and compensates quants with a 10% performance fee based on the net new profits their strategies generate.
The performance of algorithms is transparently monitored on Quantiacs' website. The platform prioritizes quantitative methods that demonstrate long-term viability, scalability, and extensive backtesting over multiple years. Each algorithm undergoes a minimum six-month evaluation period to confirm statistical reliability before being deployed for live trading.
In December 2020, publicly available Quantiacs data was utilized in research examining how investors react to emerging predictive indicators.
Technology
Quantiacs provides an open-source backtesting tool that initially supported both MATLAB and Python until 2021. In that year, the platform introduced a revamped backtesting engine dedicated solely to Python. Users can develop and evaluate trading algorithms either through the online interface or by running a local version of the software.