There was none or at least they did not communicate it to me. Here is how it went down. 1. Was contacted on LinkedIn about the program. 2. Sent backtest output (entries and exits) to my contact. 3. Their quants analyzed the backtest results and they said they wanted to move to the next phase which involved them tracking the strategies live. 4. No deal was reached because my strategies did not continue to perform, but if I decided to I could reach back out if I had something they might be interested in. Based on my current situation, I prefer to work my day job and trade my own capital. However, this could be a good situation for someone...based on my conversations with them and others, I suspect the deal might be low to mid six figures on a yearly basis.
I find it simultaneously amusing and sad that you can hold a working trading strategy in your hand and effectively noone gives a shit. Obviously finance has a severe "boy who cried wolf" problem, so many fake profets that it's pointless to join the crowd and preach in the town square: The ideal situation I have in my mind is being a quant researcher at a hedge fund / investment bank. In this case the pipeline to deploy it in production is already setup so once you developed the strategy, your work is (largely) complete. This is the problem with independent research, even in the (unlikely but still possible) case when they arrive at good results. So I'm continuing to market what I have but in the meantime I'm setting up plan B. Build the pipeline myself, will not be an easy effort and will require months or even years of development. I'll start with publishing the software I have, then gradually enhance it and add more features until it reaches "production ready" state. If I go this route, then the amount of work done so far is irrelevant - although I'm effectively sitting on a golden goose. But "boy who cried wolf", blah blah. What matters is work from now on. I can work all by myself but this is highly advised against. From now on the focus is on scaling up and one man is not scale. High-level roadmap is building an MVP that gets "traction". Users that is. I'm considering two types of "traction": - Offer something for free, to score on the number of users. - Offer premium stuff for a fee, absolutely necessary to get any form of interes from investors. Target is a couple thousand dollars per month to meet the minimum requirements for an application to https://tinyseed.com/ Write me in private if you're interested in an association.
AMEN to that. I got lot of edges in junk data over the years , and had to develop better data filters. Could we trade data filtering algos, to get/share ideas? (i wrote in C++, prob under 3k lines of code)
What job/position description you had on linkedIn that triggered the interest? I personally lately removed my linkedIn job descriptions related to programming, but never had anything related to "quant" work.
Yes, also I'll probably open source this part because it's messy (as the data it operates on) and would derive more benefit from peer review and user tests than keeping it proprietary and struggling with yet another unforeseen weird corner case.