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Your response seems quite cynical to me. Quantopian has been around for a while. They scratched the itch that a lot of programmers have of building an automate
by wj 6y ago
Your response seems quite cynical to me.
Quantopian has been around for a while. They scratched the itch that a lot of programmers have of building an automated trading system and beating the market. Quantopian allowed them to test their trading theories without acquiring the backtesting data and building the test infrastructure. I'd imagine it kept some people from "gambling" with real money.
- baron_harkonnen 6y agoYea and they just let go a bunch of their team, closed the public facing side of their product, and the remaining team is joining Robinhood to help extract money from unsophisticated investors that are essentially gambling. I am cynical because Quantiopian, which was an interesting idea for the reasons you mention, has now been destroyed and absorbed into a dressed up gambling company