QuantConnect

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. 

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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 platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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.

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