Page Summary
QuantConnect is an open-source algorithmic trading platform. Users can trade derivatives, options, equities, cryptocurrencies, and other financial instruments with it. Over 100,000 quants from across the globe use the platform. Quants are people who are specialized in mathematical finance.
History
In 2011 Jared Broad founded QuantConnect. In 2015 it went open-source. QuantConnect grew from 45,000 users in 2017 to over 65,000 in 2018. Half of the total users are from the U.S. In 2017 QuantConnect integrated with Coinbase’s GDAX exchange to enable cryptocurrency trading.
How does QuantConnect work?
QuantConnect works by providing its users with market data and the ability to develop APIs. Users can set their own prices for their developed APIs and earn 70% of the fees generated. About 5% of users are full-time quants on QuantConnect.
What technology does QuantConnect use?
QuantConnect uses APIs written in Python, C#, and other languages via its Lean Algorithmic Trading Engine (LEAN). This trading engine allows users to design algorithms and backtest them. Users can download LEAN for free and extend it for commercial purposes. Over 100 hedge funds use LEAN to deploy trading algorithms.
QuantConnect Alternatives
Gekko and Freqtrade are open-source project alternatives to QuantConnect. 2commas, Mudrex, and Tunes are cryptocurrency alternatives for QuantConnect.
Disclaimer
eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…