Hands-On Machine Learning for Algorithmic Trading

Crowdsourcing of trading algorithms

More recently, several algorithmic trading firms have begun to offer investment platforms that provide access to data and a programming environment to crowd-source risk factors that become part of an investment strategy, or entire trading algorithms. Key examples include WorldQuant, Quantopian, and, launched in 2018, Alpha Trading Labs.

WorldQuant managed more than $5 billion for Millennium Management with $34.6 billion AUM since 2007 and announced in 2018 that it would launch its first public fund. It employs hundreds of scientists and many more part-time workers around the world in its alpha factory that organizes the investment process as a quantitative assembly line. This factory claims to have produced ...