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Being that the account that submitted this is still green, I'm going to assume that the person behind it is either a user of Cloud9Trader or affiliated with it.
by throwawaymath 8y ago
Being that the account that submitted this is still green, I'm going to assume that the person behind it is either a user of Cloud9Trader or affiliated with it. If that is the case, I have a few questions:
1. Who is the intended demographic here? Based on pricing and features there's no way this is intended for institutional funds, so is this targeted at amateurs or small professionals? It states it's targeting "beginners to get grips with quant trading for free", but that strikes me as a poor market to try and sell to.
2. Can users' algorithms be seen by the platform? If so, that's a non-starter for many professionals.
3. Does Cloud9Trader provide historical data or just compute power? If historical data is provided, what resolutions are available?
4. Which brokers are supported? It seems like just FXCM and Oanda; are there plans for others?
5. How are backtest compute units measured? The pricing page states:
"A backtest compute unit is a measure of processing resource made available for backtesting. 10 units is equivalent to one month of backtesting every tick, or 10 months of backtesting minute data."
but it's unclear to me how an atomic unit of compute time can be generalizably the same for every user's backtesting workflow.
6. What is the non-pricing data you're providing? It looks like you're just reselling premium geographic data from Quadrant and free data from Quandl, but the naming scheme is not clear on what it's providing.
I guess while I'm here I might as well make this point: I'm deeply pessimistic that this tool would meaningfully improve the productivity or profitability of real-world quantitative trading. I also don't think it makes sense to target "beginners in quant trading" because quantitative trading is one of those things which mostly doesn't (and shouldn't) exist outside of teams and companies. I consider it somewhat predatory to offer a service that implicitly encourages inexperienced non-professionals to get into this - quantitative trading is very unlike programming and entrepreneurship in that there is no straightforward way to teach yourself or bootstrap.