QuantConnect launches Datasets to enhance productivity

Rick Steves

The firm connects its community to institutional clients via Alpha Streams in order to supply quants with recognition and revenue for their ideas.

QuantConnect has launched QuantConnect Datasets, a platform that allows vendor datasets to be spun up and applied from research to live trading in minutes, thus enabling quants to harness a data feed with a single line of code and begin live trading.

The solution removes all of the friction of formatting, updating, and coding data integration with LEAN.

Jared Broad, Chief Executive Officer at QuantConnect, said: “QuantConnect Datasets is to traditional data onboarding what email is to snail mail. The impact to quants productivity cannot be overstated.

“One of the most tedious and time-consuming aspects of setting up an algorithmic trading strategy is the onboarding of data, or ETL. This process of ingesting data typically has to be repeated over and over for each user of a dataset, but with Datasets data can be instantly consumed within the QuantConnect Cloud or downloaded to a user’s local environment via our LEAN CLI — making ETL a distant memory.”

The dataset service gives quants access to some of the most in-demand market and alternative data sources, such as Tiingo News Feeds, Quiver Quantitative’s WallStreetBets Discussion Data, Benzinga, RegAlytics, Brain, and many others.

The data feed can be integrated with minimal coding given the sources were previously onboarded by QuantConnect.

Francesco Cricchio, Chief Executive Officer at Brain, said: “We believe that the partnership between Brain and QuantConnect is a particularly good fit. Since Brain develops alternative datasets based on Natural Language Processing and Machine Learning techniques, while QuantConnect provides a robust research and backtesting platform to a global community of more than 170,000 quant researchers, together we create incredible value for the end user.”

The algorithmic trading community welcomes the new solution that could bring together thousands of data providers and quants resulting in endless possibilities for idea and strategy development.

Andrew Lebbos, Director Licensing, Benzinga, said: “The integration of Benzinga with QuantConnect’s alternative data platform gives individuals and funds unprecedented access to real-time breaking headlines and insights for their trading strategies.”

QuantConnect’s open-source algorithmic trading engine, LEAN, alongside its state-of-the-art trading platform, levels the playing field by providing cutting-edge quantitative trading technology to its community of over 170,000 quants globally.

Its community of quants has designed more than six million algorithms. The firm connects its community to institutional clients via Alpha Streams in order to supply quants with recognition and revenue for their ideas.

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