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Introducing QuantConnect Organizations

Hi Everyone!

Today we're releasing "Organizations" - this is a layer on top of QuantConnect which lets you scale up and down the components of our services as you need. I'm just going to repost the blog here in case people miss it. For sure there will be bugs and we're working actively to fix them now. Thank you for your patience and support! I'm excited to see what 2020 brings for the QC Community! 

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Today we’re unveiling a new era in power, flexibility, and access for quantitative finance. The QuantConnect Organizations layer allows anyone to harness our platform to launch a quantitative fund, scaling up resources as they grow. Previously, the technical and financial challenges of launching a quantitative fund have stymied new launches, resulting in AUM concentration to the global mega-funds. We believe this is detrimental to the public markets — the world needs a diversity of strategies to strengthen the book when the markets tumble. When assets are concentrated in the hands of a few strategies, the impacts are catastrophic when they fail. This needs to change to ensure greater stability in the markets for everyone.

Since 2012, we have worked passionately to break open access to powerful technology for individuals, giving them the framework, data, and infrastructure to compete in algorithmic trading. Never before has the playing field been so level and rife with opportunities for those who want to pursue quantitative finance. We now have billions in live trading volumes on LEAN (our open-source desktop-cloud hybrid algorithmic trading platform), regular sponsored competitions, and Alpha being licensed from the community. It is a true meritocracy, with the best and brightest from all over the world building off of each other in the QuantConnect community.

As we grew, our community grew with us — many of our users now run start-up funds, fintech companies, or work in larger institutions with more intensive requirements. Because of the historical “one size fits all” approach of QuantConnect pricing, they were hindered in their efforts to bring QuantConnect to their employers or use QuantConnect in their startup.

The Organizations feature breaks apart the pieces of QuantConnect you know and love, allowing you to consume them as needed. Similar to AWS or GCE, you can scale up and down your resource use and only pay for what you use. The nature of scaling up use means that we can keep the platform affordable for individuals, while also allowing it to meet the needs of larger organizations. By better identifying the demographics of the community we can create the features that they want, and that can be made sustainable with a solid business model.

We aim for Organizations to lower the barriers to accessing Alpha Streams by providing Trading Firms and Institutional Subscribers access to license alphas via a smooth user interface, reducing friction for licensing, and increasing the revenues for our community alpha-authors.

Our financial alignment with the community has always been a core value for QuantConnect. With the Organizations feature, we continue to be aligned with you. Our free tier will remain, allowing people to learn and grow as quantitative traders, while the researcher tier with live trading tools can be accessed for just a touch more than it is today. We plan to give generous credit to students, academics, alpha authors, and anyone who needs it.

We are invigorated by this next step in our evolution as we continue to build a global company, creating a meritocracy where your opportunities are based on your ideas and work, regardless of age, race, geography, or educational background.

We’re grateful for the support of the community and commit to continuing to serve you into 2020. Together, we can build a stronger financial system that empowers everyone.

Sincerely,

Jared Broad

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.



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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Thanks a lot for the update Jared. Any idea with second level data for options will be supported with this release? :) Seems to be the biggest hurdle for my most profitable strategy so far, especially when the market is volatile. 

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Hi Jared,

Congrats on the upgrade/update to the platform. Can you please clarify Project IP Ownership for researcher or individual traders? 

Thanks


 
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Hey Ramesh; I replied here in this comment. Its a way for companies who typically have IP assignment agreements with their employees to own the code of people they add to their organization. The projects are created under the account of the person who owns the organization. If you have a firm/company and are looking to hire consultants to write code for you it ensures if they leave the code is safely stored in your organization. 

For "researchers", and "team" plans it does not apply as the projects created are created under the user account, and collaboration is generally amongst known, trusted parties. 

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Hello Quantconnect Team, congratulations on the update, seems a good way to make your offer more flexible. There is only one thing that worries me and is the limit on live trading servers. As you grow on tiers the cost of each additional live trading servers also increase (not much), and you can just have 2-10 (researcher, team). Also, users could be sitting on multiple researcher accounts with just  1 seat and 2 live servers in their organization to run more strategies.

In my case I foresee that live trading server needs will outpace any other resource requiring trading firm tier resources, and many of the additional perks in trading firm are of little use. Is there a possibility to lift the live trading server limits at the lower tiers?

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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