Does this business exist?

Discussion in 'Automated Trading' started by skinny, Feb 15, 2022.

  1. skinny

    skinny

    Imagine you go to a website. You see a list of funds. Each fund has a description of the algo strat they are using. The assets under management, historical returns, and how long the fund has been trading is shown as well. You decide to contribute money to this fund, in the hopes of getting great returns.

    On this site you also see a "start a new fund" button. You've been working on an algo trading bot, but you lack enough capital for it to be profitable. You connect your bot to the site's servers, name the fund, then publish it to the site. Now anyone can contribute to your fund to get a piece of the action. And you get your cut, of course.

    Does this business model exist? What sites use it?
     
    murray t turtle likes this.
  2. Arnie

    Arnie

    skinny likes this.
  3. rb7

    rb7

    Collective2 is doing that.
    I don't know them, so I don't have any opinion about them.
     
    skinny likes this.
  4. %%
    Actually if not exactly exists, could worth exploring as a business idea;
    trading + investing can be like medical science. So i would want an attorneys opinion also. You are responsible for you+ good question. I trust IBKR.
     
  5. Darwinex.com
     
  6. 2rosy

    2rosy

    quantopian tried. It failed because no one was profitable
     
    Lou Friedman and murray t turtle like this.
  7. you want a website that bypasses SEC regulations haha
     
  8. DaveV

    DaveV

    Do you have any stats that?
     
  9. skinny

    skinny

    Also quantconnect has this feature, but says in their TOS what type of data they collect:

    https://www.quantconnect.com/privacy
    "use the Service to upload, share, or communicate any content or information; "

    Which means they can collect my trading strat. And according to the sharing section they can probably sell the strat to anyone.
     
  10. zdreg

    zdreg

    Many beginners assume/believe their strategy have value. The reality it has no value.
     
    #10     Feb 15, 2022
    murray t turtle likes this.