SOURCE: Quantopian


February 14, 2013 09:00 ET

Derivatives Trader Tim Meggs Becomes First Quantopian "Quant in Residence"

Brings Deep Financial Knowledge to the Growing Quantopian Community

BOSTON, MA--(Marketwire - Feb 14, 2013) - Quantopian, which is building the world's first browser-based algorithmic trading platform, today announced that expert derivatives trader Tim Meggs has become the first participant in the company's Quant in Residence (QIR) program. Designed to encourage community engagement, foster relationships and leverage skills and insights of industry experts, the QIR program is open to any practicing algorithmic traders. Meggs was selected for his extensive financial expertise coupled with his strong interest in coding.

Quantopian provides QIRs with office space, exposure to a network of talented individuals within the company, community and board of directors, and behind-the-scenes insights into a rapidly growing company. QIRs will provide feedback about the development of the Quantopian platform and serve as a resource for the Quantopian community.

"At Quantopian, we're big believers in experimentation, and that's what the Quant in Residence program is all about," said John 'Fawce' Fawcett, founder and CEO of Quantopian. "We're constantly trying to improve how we can help and work with quants, and believe one of the best ways to do that is to have someone really getting embedded with the team, community and Quantopian idea. Meggs is full of fantastic financial knowledge and we know his insights and experience will help make Quantopian even stronger."

Until recently Meggs served as executive director of derivative trading at CIBC World Markets, having been with the company since 2002. He will shortly be taking a role at a quantitative asset management firm, leading the trading team. He is an expert on quantitative, cross-asset derivatives trading, as well as structuring, pricing and trading light-exotic and hybrid derivatives.

"I'm very excited to be part of Quantopian's Quant in Residence program," said Meggs. "The QIR program is a pretty cool way for quants to collaborate and engage with each other, while helping Quantopian build a better platform for everyone. This opportunity is going to be great, and I encourage anyone interested in the program to check it out."

Quantopian is actively seeking candidates interested in participating in the QIR program. As with all users of the Quantopian platform, QIRs retain full ownership of any algorithms and other intellectual property they may develop. To learn more about the QIR program, please visit

About Quantopian
Quantopian is building the world's first browser-based algorithmic trading platform. The company gives quants the tools and support they need to learn, create, explore and reap the benefits of quantitative finance. With Quantopian, users can be operational in minutes rather than months. The company provides robust foundational technology for creating algorithms and unfettered access to a decade's worth of trading data for backtesting. Quantopian is also an engaged community where people can discuss concepts, processes and performance and learn from peers and experts. The result is a better way to understand -- and profit from -- quantitative trading. Quantopian is headquartered in Boston. Learn more at, or visit us at the Quantopian blog, or follow us on Twitter @quantopian.