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There are all sorts of reasons why GETCO might have chosen to back us (I work for Quantopian), but I can say with certainty that "Steal algorithms from the peop
by jik 14y ago
There are all sorts of reasons why GETCO might have chosen to back us (I work for Quantopian), but I can say with certainty that "Steal algorithms from the people who wrote them" wasn't one of them.
GETCO really doesn't need to steal other people's algorithms.
- SeanDav 14y agoI may well be maligning you but on the other hand I have over 20 years experience working as a trader/researcher and developer in the finance industry for tier1 investment banks as well as hedge funds and have seen a lot. You are not doing this for "the greater good" you are doing this to make money, as is GETCO et al. Stealing algorithms and protection of algorithms are fundamental issues in the industry. I would suggest you guys try to assuage fears about this by doing as much as possible to prove your true intentions.
- jik 14y agoYou are not doing this for "the greater good" you are doing this to make money, as is GETCO et al. Yes, we're doing this to make money. However, making money and doing good in the world are not mutually exclusive, and making money and stealing are not inextricably linked. We believe we can make money at this, or we wouldn't be doing it. We intend to make money in an ethical way, giving our users the tools they want and respecting and protecting the privacy of their intellectual property. Stealing algorithms and protection of algorithms are fundamental issues in the industry. I entirely agree, but it does not follow that everyone doing algorithmic trading is a thief or that the only way to make money from algorithmic trading is to be a thief.