Key Concepts

Features

Introduction

There are 5 tiers of organizations and each tier has its own set of features on Local Platform. To accommodate the growth of your trading skills and business, you can adjust the tier of your organization at any time.

Hybrid Workflow

The Local Platform lets you run backtests, deploy research notebooks, and deploy live algorithms on your local machine and in QuantConnect Cloud. This gives you the best of both works where you can utilize your local hardware or our scalable cloud compute systems.

Version Control

The Local Platform syncs your local and cloud project files. If you pull your cloud projects to your local machine, you can use your own version control systems to track project changes.

Self-Sovereign Security

The Local Platform offers you the ability to take ownership of your project security. On the Institution tier, you can create local projects without pushing them to QuantConnect Cloud.

Custom LEAN Images

The latest master branch on the LEAN GitHub repository is the default engine branch that runs backtests, research notebooks, and live trading algorithms. The latest version of LEAN is generally the safest as it includes all bug fixes.

On-Premise Compute

The Local Platform enables you to run backtests, deploy research notebooks, and deploy live algorithms on your local hardware.

Coding

The following table shows the coding features of each platform:

FeaturePlatform
Local PlatformCloud Platform
Development Environment
The tool you can use to edit project files		Any IDECloud-hosted VS Code
Version Control
Track file changes over time and easily revert mistakes		Your own git systemsAccess historical project files through your backtest results
Anonymous Projects
Create and edit local projects without syncing to QuantConnect Cloud		Self-sovereign securityManaged by QuantConnect
Custom LEAN Versions
Build and run custom versions of LEAN		green check
Autocomplete
Easy-to-use tool to speed up your development		green checkgreen check

Backtesting & Optimization

The following table shows the backtesting and optimization features of each platform:

FeaturePlatform
Local PlatformCloud Platform
Data Source
Where does the data come from?		Licensed dataProvided by QuantConnect
Data Maintenance
Who ensures the data is clean and ready?		Self-maintanedQuantConnect Team
Compute
Where is the hardware that runs backtests?		Your computeQuantConnect Cloud compute
Proprietary Data
Data that's not in the Dataset Market		Never leaves premiseUpload to cloud
Debugging
Easy-to-use tool for solving coding errors		green checkgreen check

Live Trading

The following table shows the parameter optimization features of each platform:

FeaturePlatform
Local PlatformCloud Platform
Data Source
Where does the data come from?		Licensed dataProvided by QuantConnect
Stability
How stable is your live trading environment?		Your local setupStable co-located environment
Notifications
SMS, email, Telegram, and webhooks		green check

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