Can't find a quant to develop your strategies? Meet Quantiacs, which is developing the Craigslist of quantitative strategists.
If the iPhone is responsible for the phrase 'there is an app for that', perhaps we can thank eBay for 'there is a marketplace for that'. Breaking boundaries between supply and demand, online marketplaces which had initially been dominated by products have now migrated to services. Among startups in this fields, companies such as Airbnb and Thumbtack have grown their service oriented marketplaces to billion dollar valuations.
Aiming to crack another major industry with the formation of a marketplace for quantitative analysts is Quantiacs. Speaking with CEO Martin Froehler, he explained to Finance Magnates that their goal is “to disrupt the hedge fund industry”, of which Quantitative Trading based firms represent $300 billion of funds under management.
To disrupt the hedge fund industry
To do this, Quantiacs has created a marketplace for quantitative analysts to backtest and share their strategies. These strategies can then be licensed by institutional investors who are only charged if they are profitable, with the standard 20% performance fee which is split between the quant and Quantiacs.
Froehler explained that a problem in the hedge fund industry is that it is very inefficient in utilizing its manpower. As such, while there may be over 100 qualified candidates for open quantitative positions at leading hedge funds like Renaissance Technologies or Citadel Securities, the job is only filled by one lucky applicant. According to Froehler, the result is “lots of potential great quants, but they don’t have companies to work for.”
With their marketplace, Quantiacs is aiming to provide a platform for any great quant to showcase its strategies and be used by institutional investors. For investors, Froehler explained that Quantiacs provides an opportunity for them to tap a wide ranging group of quantitative developers. As such, the product is being marketed to multiple types of institutional investors including hedge funds and asset managers seeking to add quantitative strategies to their existing portfolios and quant funds looking to integrate third party ideas.
Among the requirements to be listed on the marketplace are quantitative strategies with long term performance horizons. In contrast to high frequency trading where the strategies need to be continually tweaked and evolved, Quantiacs prefers systems that don’t require ongoing maintenance. Froehler explained that this is because they want to attract highly scalable strategies that trade futures, have multiple years of backtested data and can be relied upon to perform well for a multi-year timeframe.
Since launching the marketplace a year and a half ago with a trading competition of Stanford student quants, the marketplace has attracted over 700 trading strategies. The oldest ones on the system are those from the initial Stanford competition.
Currently, strategies on the system are being used to manage funds provided by a group of private investors, including participants in Quantiacs' funding rounds. In the near future though, Quantiacs expects to launch the marketplace publicly to external institutional investors.
If the iPhone is responsible for the phrase 'there is an app for that', perhaps we can thank eBay for 'there is a marketplace for that'. Breaking boundaries between supply and demand, online marketplaces which had initially been dominated by products have now migrated to services. Among startups in this fields, companies such as Airbnb and Thumbtack have grown their service oriented marketplaces to billion dollar valuations.
Aiming to crack another major industry with the formation of a marketplace for quantitative analysts is Quantiacs. Speaking with CEO Martin Froehler, he explained to Finance Magnates that their goal is “to disrupt the hedge fund industry”, of which Quantitative Trading based firms represent $300 billion of funds under management.
To disrupt the hedge fund industry
To do this, Quantiacs has created a marketplace for quantitative analysts to backtest and share their strategies. These strategies can then be licensed by institutional investors who are only charged if they are profitable, with the standard 20% performance fee which is split between the quant and Quantiacs.
Froehler explained that a problem in the hedge fund industry is that it is very inefficient in utilizing its manpower. As such, while there may be over 100 qualified candidates for open quantitative positions at leading hedge funds like Renaissance Technologies or Citadel Securities, the job is only filled by one lucky applicant. According to Froehler, the result is “lots of potential great quants, but they don’t have companies to work for.”
With their marketplace, Quantiacs is aiming to provide a platform for any great quant to showcase its strategies and be used by institutional investors. For investors, Froehler explained that Quantiacs provides an opportunity for them to tap a wide ranging group of quantitative developers. As such, the product is being marketed to multiple types of institutional investors including hedge funds and asset managers seeking to add quantitative strategies to their existing portfolios and quant funds looking to integrate third party ideas.
Among the requirements to be listed on the marketplace are quantitative strategies with long term performance horizons. In contrast to high frequency trading where the strategies need to be continually tweaked and evolved, Quantiacs prefers systems that don’t require ongoing maintenance. Froehler explained that this is because they want to attract highly scalable strategies that trade futures, have multiple years of backtested data and can be relied upon to perform well for a multi-year timeframe.
Since launching the marketplace a year and a half ago with a trading competition of Stanford student quants, the marketplace has attracted over 700 trading strategies. The oldest ones on the system are those from the initial Stanford competition.
Currently, strategies on the system are being used to manage funds provided by a group of private investors, including participants in Quantiacs' funding rounds. In the near future though, Quantiacs expects to launch the marketplace publicly to external institutional investors.
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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👍 Facebook: https://www.facebook.com/financemagnates/
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa