QuantConnect

QuantConnect is an open-source algorithmic trading platform that provides essential tools for quantitative research, strategy testing, and live trading across multiple asset classes. Founded in 2011 in New York, US, QuantConnect offers an algorithmic trading platform for users to develop and deploy trading strategies. The company has raised a total of USD 0. 96 mn, with its most recent funding round occurring on February 9, 2016.

The founder, Jared Broad, serves as CEO and has a background in financial technology. QuantConnect operates as a leading open-source algorithmic trading platform, providing advanced tools and infrastructure for quantitative research, backtesting, and live trading. The platform includes a unified API for accessing extensive financial data, multi-asset backtesting, and real-time strategy deployment. It integrates with over 20 trading firms and supports more than 375,000 live trading strategies, catering to individual quants, academic institutions, startups, and quantitative hedge funds globally.

QuantConnect generates revenue primarily through subscription models and partnerships with trading firms and financial institutions. The platform offers varying pricing structures for clients, giving access to premium features, data feeds, and enhanced computational resources for algorithm development. The company processes over USD 45 bn in notional volume executed monthly, serving a diverse user base that includes academic researchers and institutional traders. QuantConnect aims to enhance its platform by developing new products geared towards increasing functionality for users.

The company is focused on expanding its reach in major financial markets, including Europe and Asia, by 2023. The recent funding of USD 0. 96 mn will support these upcoming initiatives and help in the development of innovative tools designed to optimize trading strategies for its clients.