CloudQuant Launches with Unprecedented $15 Million Allocation to Crowd Researcher | Business Wire
research platform by licensing and allocating $15 Million (USD) to a
trading algorithm. The algorithm licensor will receive a direct share of
the strategy’s monthly net trading profits.
The crowd researcher leveraged our free market simulation and python
data science tools to build an effective trading strategy. The strategy
began trading immediately upon approval of the licensing agreement.
“We're excited to launch CloudQuant. The launch represents the first
significant funding of a crowd-based quantitative analyst thereby
proving the opportunity for independent data scientists and market
enthusiast to join the ranks of institutional algorithmic traders,” said
Morgan Slade, CEO.
CloudQuant provides research, backtesting tools. Execution
technology conceived and developed by proprietary traders over the last
20 years in its parent company, Kershner Trading Group.
CloudQuant is the trading strategy incubator for data scientists and
traders around the world to create and test trading strategies. Proven
strategies are individually licensed from the owner, provided trading
capital and an execution team. Algo creators are paid a monthly
licensing fee from the net profits similar to a professional portfolio
manager. CloudQuant offers a mutually beneficial profit sharing license
enabling both parties to profit.
CloudQuant LLC, established in 2016, is a wholly owned subsidiary of
Kershner Trading Group LLC.
The information contained herein doesn't constitute investment advice,
or an offer to sell. The solicitation of any offer to buy any
interests in CloudQuant LLC or its parent Kershner Trading Group LLC,
nor is it intended to be used for marketing purposes to any existing or
prospective investor in any jurisdiction. Is subject to correction,
completion and amendment without notice.