QuantConnect Launches Brokerage Trading with Tradier

Two weeks after announcing it had integrated with InteractiveBrokers (IB) to offer live equities and Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading from their algorithmic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, QuantConnect has launched its own brokerage services. Like a growing list of technology providers, QuantConnect has partnered with Tradier and its API brokerage, to offer direct stock trading on their platform.

In the previous connectivity partnership with IB, a gateway was created to connect QuantConnect users and IB account holders. The new partnership allows QuantConnect to offer its own stock trading services that are powered by Tradier.

Speaking with Jared Broad, CEO of QuantConnect, he explained to Finance Magnates prior to the current news that they view “Algo trading is one of the hardest challenges in the world” due to the data challenges of constantly changing markets. But, he added, “We love the challenge."

Available as a free platform for developing strategies and backtesting, the platform also offers a cloud-based solution for deploying live automated trading. Being made available for free to their brokerage customers, the cloud product is also offered with a monthly subscription to users desiring to trade with other brokers.

Using C# as its development language for creating strategies, QuantConnect does require users to have programming experience to use the product. Broad explained that while a ‘drag and drop’ offering for building strategies would open their solution to non-programmers, he didn’t believe such strategies were sustainable for long-term success due to the need to constantly adapt to changes in the market. In this regard, Broad explained that QuantConnect allows users to connect external sources to analyze market conditions, and that learning to code integrate such data improves the likelihood of success.

Currently, QuantConnect has built a community of over 12,000 users, with 55% from the US. Looking to the future, QuantConnect is aiming to partner with more brokers to increase the size of their user community, while they are also actively seeking funding to build the required technology infrastructure to continue their growth.