What happened with Quantopian?

Quantopian announced that it is shutting down its community platform. Quantopian returned money to investors earlier this year after its investment strategy underperformed. It shut down paper trading in 2019 (having already ended live trading in 2017), then terminated its daily contests in May of this year.

How good is Quantopian?

The best part about Quantopian is the data. It has lots of free data, including 1 minute and daily data for US Stocks back to 2002 with delisted stocks. For daily data, going back to 1999 is preferred for me because I like using from 2000-2006 for out-of-sample testing. But for free this is great!

Can you still use Quantopian?

Unfortunately, Quantopian was shut down on November 14th, 2020. The good news is that its open-source software still remains available for use and the community is starting to drive it forward. Quantopian’s Zipline is the local backtesting engine that powered Quantopian.

Is Quantopian dead?

Following the untimely death of Quantopian, some quants are feeling a little bereft. Despite its swift resurrection as part of Robinhood, the Quantopian community is being ‘retired’ and previous backtests are disappearing from the November 14.

Why was Quantopian shut down?

Quantopian, backed by hedge fund billionaire Steve Cohen and venture capital firm Andreessen Horowitz, was trying to crowdsource great investing ideas. But now he and his fellow Quantopian users are hunting for an alternative to keep their ambitions alive. In late October, the company announced it was shutting down.

How does Quantopian make money?

To the average trader, Quantopian is a different type of online trading business. Simply put, Quantopian is the Uber of the investing industry. This Boston-based company creates crowd-sourced hedge funds by recruiting freelance quantitative analysts to develop algorithms to trade securities.

Why is Quantopian closing?

Quantopian aimed to create a crowd-sourced hedge fund by letting freelance quantitative analysts develop, test, and use trading algorithms to buy and sell securities. In November 2020, Quantopian announced it will shut down after 9 years….Quantopian.

Why is Quantopian closing down?

What can I use instead of Quantopian?

Exchange Data International, QUICK, Ziggma, and Graviton are the top competitors and alternatives to Quantopian.

How much does an algorithmic trader make?

The salaries of Algorithmic Traders in the US range from $20,072 to $535,864 , with a median salary of $96,858 . The middle 57% of Algorithmic Traders makes between $96,858 and $243,042, with the top 86% making $535,864.

Is Zipline still available?

Zipline is currently used in production as the backtesting and live-trading engine powering Quantopian — a free, community-centered, hosted platform for building and executing trading strategies.

Why do you need to use Quantopian for trading?

The basic idea of Quantopian is to let anyone who knows how to code in Python to write their own trading algorithm: Quantopian provides free education, data, and tools so anyone can pursue quantitative finance. Select members license their algorithms and share in the profits.

What can you do with Quantopian as a research tool?

In short, with Quantopian you can: Research: Learn how to test ideas with advanced data science tools. Compete: Enter the contest to evaluate your strategy and earn prizes. Get Funded: License your algorithm and share in the profits. For the research phase we can use their notebooks hosted on Quantopian.

What kind of data does Quantopian not want?

As to what Quantopian does not want (overfitting, data snooping, spurious correlations and infringing or misappropriated content), these requirements are generally plausible. Probably only the spurious correlation is somewhat questionable:

Are there any other platforms like Quantopian or Numerai?

Crowdsourcing also lives on at other platforms. Numerai, which rewards its users with its own cryptocurrency token, probably comes the closest to Quantopian’s vision. Professional investors can’t gloat too much, because hedge funds in general are hurting.