SOURCE: Quantopian

Quantopian

May 14, 2013 12:00 ET

Quantopian Announces Launch of Paper Trading and Live Trading Pilot Program at FinovateSpring

Allows Quants to Test Their Algorithms Against Live Market Data and Then Put Them to the True Test With Real Dollars at Stake

SAN FRANCISCO, CA--(Marketwired - May 14, 2013) - FINOVATESPRING 2013 -- Quantopian, the world's first browser-based algorithmic trading platform, today announced the introduction of paper trading and the launch of the Quantopian Live Trading pilot program. Paper trading allows users to test trading algorithms against live market data, providing yet another tool for developing and optimizing algorithms. With the introduction of Live Trading, Quantopian provides a complete end-to-end platform for developing, testing and trading with financial algorithms. Initial access to Quantopian Live Trading will be provided to a select group of users through a pilot program, with open public availability later this year.

Quantopian provides free tools, historical data, a backtester and an engaged community where members can discuss concepts, challenges and execution with peers and experts. Paper trading and Live Trading bridge the gap between idea and execution, making it simple to test algorithms against live market data and start executing them in production in the market, with all the risk and reward that brings.

"Anyone with a mind for finance and a knack for development should be able to put their ideas to work and reap the benefits of quantitative finance for themselves," said John 'Fawce' Fawcett, founder and CEO of Quantopian. "Through paper trading and the Live Trading pilot program, we're making it possible for quants to put their money where their minds are. It's something our community has asked for and we are excited to deliver."

Quantopian is one of more than 60 companies presenting at FinovateSpring 2013. Each was selected after a highly competitive process during which established companies and brand-new startups contended for the opportunity to showcase new innovations disrupting the world of global finance. FinovateSpring is an ideal venue to introduce this capability and engage with the leading minds in the financial technology industry.

With investing comes inherent risk; Quantopian provides data and tools such as backtesting to give traders the ability to design and evaluate the performance of their algorithms before trading in the live market with real funds. Anyone interested in becoming a member of the pilot user group for Quantopian Live Trading should visit www.Quantopian.com.

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 www.quantopian.com, or visit us at the Quantopian blog, or follow us on Twitter @quantopian.

About FinovateSpring

FinovateSpring is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in San Francisco, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateSpring is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit www.finovate.com/spring2013.