FlexTrade Systems, a global leader in multi-asset execution and order management systems, today announced that Quantopian, a quantitative investment firm, has deployed FlexONE, the company’s new order / execution management system (OEMS) for the buy side.
Quantopian is an investment firm that offers a free online platform for education and creation of institutional-quality investment algorithms. The platform currently has more than 120,000 members.
“Quantopian is already well-known for having a leading, institutional-quality platform for quants to create and test investment algorithms,” said Dragan Skoko, Head of Trading at Quantopian. “Now, we have an industry-leading trading platform that further distinguishes us and the offering that we provide to investors. FlexTrade’s FlexONE is a key part of our new trading infrastructure and helps streamline Quantopian’s order management and middle office workflows.”
“We are pleased to partner with Quantopian, a forward thinking leader in the quant space, to offer our next generation OEMS,” said FlexTrade’s Aaron Levine, Vice President, OEMS Solutions. “We are equally pleased to have delivered on the high performance and low latency workflows set forth by Quantopian. With FlexONE, Quantopian can handle not just the needs of today but scale appropriately as their business grows. ”
FlexONE, FlexTrade’s all-inclusive order/execution management system (OEMS), is designed to facilitate and streamline the demanding trading requirements of global hedge funds and quantitative investment firms. A multi-asset platform handling equities, FX, options, futures and fixed income, FlexONE facilitates hi-performance throughput of orders, compliance checking, real-time P&L and position management.
Continued Levine: “The demands of the buy-side continue to evolve and we are excited to offer customers, such as Quantopian, a full OEMS solution to go beyond trading and solve upstream compliance and operational needs. As the front, middle, and back office morph into more consolidated workflows, FlexTrade’s goal is to layer in OMS functionality to our award-winning EMS platform, FlexTRADER, offering a best-of-breed solution for the most complex workflows.”
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer in broker-neutral order and execution management trading platforms for equities, foreign exchange, listed derivatives and fixed income. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 175 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers.
Quantopian inspires talented people from around the world to write investment algorithms. They provide capital, data, education tools, and infrastructure to algorithm authors. Quantopian offers license agreements for algorithms that fit its investment strategy, and the licensing authors are paid based on their strategy’s individual performance. Quantopian provides everything a quant needs to create a strategy and profit from it.
The company has received nearly $50 million in equity investments, including recently closing a Series C fund led by Andreessen Horowitz. Quantopian’s community nearly doubled in each of the last four years, now with more than 120,000 members, including finance professionals, scientists, developers, and students from 180 countries. The members collaborate online and in person at regional meetups, workshops, and Quantopian’s flagship QuantCon events in New York and Singapore. Quantopian provides its members a research and development platform, which includes US equity pricing and corporate fundamental data for free. Members may also access a fast-growing catalog of premium datasets. To date, more than 4.5 million simulations have been run on Quantopian’s platform. In September 2015, Quantopian began allocating proprietary capital to selected algorithms submitted by its members. In the second quarter of this year, Quantopian expects to begin allocating external capital toward these strategies via a pooled investment vehicle.