Does Quantopian with Python have a long term future?

(Last Updated On: July 1, 2015)

Does Quantopian with Python have a long term future?

This service is really in a bad long term situation. They raise $24m (I think) of capital but still not profitable and still debating this hedge fund pool direction they want to go:
https://www.quantopian.com/posts/quantopian-in-the-real-world
https://www.quantopian.com/posts/quantopian-vs-quantconnect

People seem to bicker about how to do it. From my POV, this will not work but worst is the liability of lawsuits of any algos that go off the rails. Many nutbars using that service who fail will blame them so lawsuits fly. Lawyers are very expensive win or lose.

Trust

On Trust

https://www.quantopian.com/faq

pls. many real traders will not upload their secretive algo IP to these services no matter what the founders and management say.

This ain’t a good headline but I am sure their investors are fully aware of this:

https://www.quantopian.com/posts/15-million-fund-quantopian-is-betting-on-you-guys-to-produce

So what happens when their community loses confidence and abandons ship?

Maybe that is already happening:

https://news.ycombinator.com/item?id=5108150

http://www.quora.com/Have-any-big-time-quants-used-Quantopian

http://www.quora.com/What-do-professional-traders-think-about-Quantopian

 

The best part? One of their ‘VPs’ says Ernie Chan is using it. I can vouch that Ernie Chan does not even use Python at all so I don’t know what kind of dope they smoke in Boston. Also, he only teaches in R but works only in Matlab with live trading in C#.

Also, let’s not address the splinter between Python 2.7 and whatever current version there is. Have fun boys and girls.

You decide on their fine folks

P.S. MOST IMPORTANT. We have NOT mentioned you are only limited to US equities and ETF asset classes. And you call yourself quant with that that limit of asset classes? I would be insulted but the quant newbie and wannabe sheeple will be ok wtih that.

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Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs