Testing, Testing, 1 2 3 (Milliseconds) - QuantConnect Adds Tick Data To Algorithm Back-Testing Platform
by
Andrew Saks McLeod
Algorithm back-testing software company QuantConnect has this week added 15 years worth of US equities and 5 years worth of FX tick data to enable developers to perform accurate backtests in less than 20 minutes.
Although a relative newcomer to the world of algorithmic trading, QuantConnect has been making inroads into increasing the functionality of its algorithm backtesting platform.
This week, the firm added 15 years worth of US equities and 5 years worth of FX tick data to its offering in order to facilitate ease of coding, testing and fast iteration by independent software engineers.
Virtual Infrastructure Model
QuantConnect considers itself to be contributing to the process of democratizing algorithmic trading by giving engineers access to free financial data, powerful Cloud computing and strategy back-testing.
"We launched QuantConnect with the goal of bringing algorithmic strategies to the mainstream engineer and investor, so they can be empowered with cutting edge investment strategies," stated the firm’s CEO Jared Broad on launching the tick data.
"By providing a platform with unlimited free financial data, we're giving access to tools that would typically cost $50,000-$100,000” he said.
QuantConnect has built an environment which can complete back-tests in less than two minutes. "This product is way ahead of retail options currently available," said Alejandro Cañete Báez, advisor and Head Quant at Pan Alpha Trading.
The actual tick data concerned has been integrated into the platform from a wide array of sources to enable a diverse range of user-built models.
Forex data has been sourced from FXCM, sentiment data from Estimize and StockPulse and made available on a single platform the idea behind which is to enable users to bring algorithms from conception to reality in minutes rather than days.
Playing A Part In The Arms Race
Algorithmic trading has become the focus of regulators and technology firms alike recently, with many of the leading organizations engaging in a very expensive and fast moving arms race in order to ensure that their technology operates more efficiently than the competition.
In some cases, anonymity is preferable in order to avert the eyes of competitors and regulators, resulting in dark pools joining large trading communities to connect them to venues.
The speed at which this is occurring is increasing, and there are now many institutional organizations which are placing emphasis on this. Examples of this are on a large scale, whereby microwave technology is being used to provide high speed connectivity, and large software firms have connected to infrastructure providers to increase the speed of connectivity worldwide, all of which is aimed at high frequency trading where latency is critical to the nature of such trading.
Added to that, last year's disastrous incident at Knight Capital in which a test algorithm executed a trade on the production server resulting in $440 million in lost trades and severely damaging the firm's solvency served as a reminder as to exercise caution with regard to electronic methods of trading.
Despite dissent from regulators and some technology providers, the race to nanosecond-level latency is in full swing and the infrastructure now demonstrates this ability.
In order to make full use of today's infrastructure and for an algorithmic trader to continue to measure his advantages and disadvantages against other participants, the algorithms which execute the trades at such speed require accurate testing, which is where such systems as QuantConnect fit in.
The company provides a GIT API for collaborating in teams, and allows upload of encrypted algorithms to keep intellectual property safe. For the first time engineers have unfettered access to a decade's worth of trading data for back-testing, without giving away any valuable intellectual property.
"We are building a global network of engineers designing diverse new strategies while helping investors across the world earn better returns with the strategies that suit them," said COO, Shai Rosen.
"We are working hard to make our vision a reality by building partnerships with data providers, listening to our Quant community and continuously adding features to our platform."
As far as algorithmic development is concerned, an engineer can find correlations, build an algorithm and test his results in less than 20 minutes.
Although a relative newcomer to the world of algorithmic trading, QuantConnect has been making inroads into increasing the functionality of its algorithm backtesting platform.
This week, the firm added 15 years worth of US equities and 5 years worth of FX tick data to its offering in order to facilitate ease of coding, testing and fast iteration by independent software engineers.
Virtual Infrastructure Model
QuantConnect considers itself to be contributing to the process of democratizing algorithmic trading by giving engineers access to free financial data, powerful Cloud computing and strategy back-testing.
"We launched QuantConnect with the goal of bringing algorithmic strategies to the mainstream engineer and investor, so they can be empowered with cutting edge investment strategies," stated the firm’s CEO Jared Broad on launching the tick data.
"By providing a platform with unlimited free financial data, we're giving access to tools that would typically cost $50,000-$100,000” he said.
QuantConnect has built an environment which can complete back-tests in less than two minutes. "This product is way ahead of retail options currently available," said Alejandro Cañete Báez, advisor and Head Quant at Pan Alpha Trading.
The actual tick data concerned has been integrated into the platform from a wide array of sources to enable a diverse range of user-built models.
Forex data has been sourced from FXCM, sentiment data from Estimize and StockPulse and made available on a single platform the idea behind which is to enable users to bring algorithms from conception to reality in minutes rather than days.
Playing A Part In The Arms Race
Algorithmic trading has become the focus of regulators and technology firms alike recently, with many of the leading organizations engaging in a very expensive and fast moving arms race in order to ensure that their technology operates more efficiently than the competition.
In some cases, anonymity is preferable in order to avert the eyes of competitors and regulators, resulting in dark pools joining large trading communities to connect them to venues.
The speed at which this is occurring is increasing, and there are now many institutional organizations which are placing emphasis on this. Examples of this are on a large scale, whereby microwave technology is being used to provide high speed connectivity, and large software firms have connected to infrastructure providers to increase the speed of connectivity worldwide, all of which is aimed at high frequency trading where latency is critical to the nature of such trading.
Added to that, last year's disastrous incident at Knight Capital in which a test algorithm executed a trade on the production server resulting in $440 million in lost trades and severely damaging the firm's solvency served as a reminder as to exercise caution with regard to electronic methods of trading.
Despite dissent from regulators and some technology providers, the race to nanosecond-level latency is in full swing and the infrastructure now demonstrates this ability.
In order to make full use of today's infrastructure and for an algorithmic trader to continue to measure his advantages and disadvantages against other participants, the algorithms which execute the trades at such speed require accurate testing, which is where such systems as QuantConnect fit in.
The company provides a GIT API for collaborating in teams, and allows upload of encrypted algorithms to keep intellectual property safe. For the first time engineers have unfettered access to a decade's worth of trading data for back-testing, without giving away any valuable intellectual property.
"We are building a global network of engineers designing diverse new strategies while helping investors across the world earn better returns with the strategies that suit them," said COO, Shai Rosen.
"We are working hard to make our vision a reality by building partnerships with data providers, listening to our Quant community and continuously adding features to our platform."
As far as algorithmic development is concerned, an engineer can find correlations, build an algorithm and test his results in less than 20 minutes.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
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
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
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔