QuantConnect

QuantConnect is an algorithmic trading platform for quants and engineers to write and run trading algorithms. It's a suite of cloud-based tools for research, backtesting and live trading, and it's designed to be a full-featured tool for quantitative analysis.

QuantConnect's tools include:

• Cloud Research: Terabytes of financial, fundamental and alternative data, preprocessed and ready to use.
• Backtesting: Point-in-time, fee, slippage and spread-adjusted backtesting with minimal code changes.
• Parameter Optimization: Run thousands of full backtests on scalable cloud compute, visualizing results on heatmaps to understand strategy sensitivity.
• Live Trading: Run strategies on co-located servers near major exchanges, processing $1-2 billion in volume monthly.
• Strategy Explorer: Browse and clone publicly tracked strategies written by the community, combining insights to inform models.
• Multi-Asset Portfolio Modeling: Accurate modeling for equity, options, futures, forex and cryptocurrencies.
• Rich Alternative Data Library: 40+ vendors offering millions of potential strategies, linked to underlying securities.

QuantConnect is based on the open-source LEAN engine, which can be customized and modified to meet specific needs. Users can work locally with the LEAN CLI or use the cloud-based IDE for easy project synchronization.

Pricing tiers are designed for different types of users:

• Free Plan: Equity, index, forex, crypto, futures and options data, community support and unlimited backtesting.
• Researcher: $8/month (billed annually), adds local coding, expanded dataset access and larger file limits.
• Team: $20/month/user (billed annually, 2 users minimum), adds project collaboration, larger log and file limits and 10 compute nodes.
• Trading Firm: $40/month/user (billed annually, 2 users minimum), adds team project ownership, permissions management and unlimited compute nodes.
• Institution: $80/month/user (billed annually, 5 users minimum), adds on-premise platform, AES-256 code encryption and FIX/professional brokerages.

QuantConnect is geared for quantitative researchers, data scientists and engineers who need sophisticated tools for developing and executing algorithmic trading strategies. Its large library of data, customizable backtesting and live trading abilities make it a powerful tool for those who want to squeeze as much performance as possible out of their trading.

Published on July 13, 2024