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Quantopian has a simple vision for the future of algorithmic finance: at home, in shorts and a t-shirt.
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It should be written in a language simple enough to be read by people with no experience in math finance or algorithmic trading.
The company was founded by Nancy Hua, an expert algorithmic trader in the finance industry, and Jeremy Orlow, an ex-Googler and previous 3LM mobile security engineer, who has first-hand startup experience building apps like DrawChat.
Adding a character to the stock symbol, like a comma, yields a search that more closely resembles the results that Google used to offer up – purely algorithmic results in which Yahoo Finance comes out on top.
Nowhere has technology had a greater impact on finance than in the rise of algorithmic trading, known as high-frequency trading.
By gaining information seconds or minutes before others, high-speed traders — sometimes known as high-frequency or algorithmic traders — can use the computerized nature of modern finance to make quick profits or, if a bet goes wrong, take large losses.
"Computer-generated algorithmic transaction involves a variety of new risks," Germany's finance ministry said in a statement.
He began his career in finance joining The Clinton Group, where he became the head of algorithmic trade execution.
Prime offers a trading service that's customized to such customers, but it will also be expanded to cover lending and margin financing products, services like over-the-counter (OTC) trading and algorithmic orders, and market data and research products.
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