“Bring us your ideas and we will share the money with you,” agreed Morgan Slade, CEO of the crowdsourced algorithmic trading startup CloudQuant. “For us, engagement means breaking it down into a contractible problem.”
CloudQuant’s CEO was interviewed by Anthony Crudele of Futures Radios show to discuss topic including Artificial Intelligence, Machine Learning, and Deep Learning applied to algorithmic trading. Alternative datasets are a major topic of discussion. People are saying that data is being created faster than ever before. That really isn’t true. What is really happening is that data is being captured and stored at a faster rate than ever before. Vendors are now making AltData available for traders to change the way that they interact with the markets. This applies to futures and stocks with the popularity of Deep Learning in algorithmic trading strategy development.
CloudQuant Thoughts: We really like the following quote in this article: “A huge part of financial services built technology in-house or used a small number of vendors and that old model is dying,” Whitcroft added. ‘Financial services is being componentisized.” This gets to the heart of new business models that include innovation and crowdsourcing. We have found that innovators, with atypical backgrounds and education, when given access to institutional grade tools and datasets can create something unique. There is significant value that can be derived. Our business model is proving this out daily.
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Grace: Going back to what you are doing now with CloudQuant, I understand that you have a trading strategy incubator where your team has the experience, the technology, the capital and allows algo traders to essentially get a strategy funded. Can you tell us more about that and the vision behind it?
With over 20 years of experience as a trader, portfolio manager, executive, and entrepreneur, Morgan Slade is now the CEO of CloudQuant, a cloud based quantitative strategy incubator and systematic investment fund. He has built quantitative trading businesses at some of the world’s largest hedge funds and Investment Banks …
CloudQuant will be participating in the Newsweek conference on Artificial Intelligence and Data Science for the Capital Markets Industry on December 5th to December 7th, 2017 in New York.
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Cloud computing and access to industrial grade investment and data science tools are changing the playing field for quantitative trading firms. CloudQuant’s CEO Morgan Slade participated in a panel at Stocktoberfest West in October 2017. This has raised the discussion of quantamental investment and data science techniques. This is the merger of technology, investment management, and data science.
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