- Online brokerage firm TradeStation has partnered with open source algorithmic trading platform QuantConnect.
- The collaboration will enable mutual customers to build and automate strategies with QuantConnect, and then execute their trades via their TradeStation brokerage accounts.
- QuantConnect made its Finovate debut at FinovateEurope 2013. The company was founded in 2011.
Multi-asset online brokerage service TradeStation has announced a partnership with open source algorithmic trading platform QuantConnect. The two companies have integrated their solutions to enable mutual customers to create and automate their trading strategies on the QuantConnect platform, and then execute their trades via API through their TradeStation brokerage account.
“By integrating our personalized brokerage service with QuantConnect’s algorithmic trading platform, we’re providing sophisticated traders with powerful tools to develop, backtest, and automate their strategies, enhancing their ability to identify and execute new trading opportunities,” President and CEO of TradeStation Securities’ parent company, TradeStation Group, Inc. John Bartleman said.
The partnership combines two significant forces in the algorithmic trading tools space. TradeStation Securities provides institutional-grade tools and personalized services, enabling traders to buy and sell a wide range of assets including equities, equity options, and futures. A favorite of advanced retail and institutional traders, TradeStation caters to market participants who often require a more customizable and sophisticated trading experience, especially those who rely on algorithms to make buy and sell decisions. The integration will make the transition from building strategies to executing them in the market that much smoother.
“With this collaboration, mutual customers can create, manage, and analyze trading strategies from the new cross-platform integration,” QuantConnect CEO Jared Broad said. “TradeStation Securities is a well-known self-directed online broker-dealer and futures commission merchant, and it’s exciting to know that QuantConnect’s platform will be available to mutual customers.”
Founded in 2011, QuantConnect made its Finovate debut at FinovateEurope 2013. At the conference, the company demoed its cloud-powered stock market backtesting technology, which can simulate years of stock market data in minutes. The company’s quantitative analytics platform facilitates more than 500,000 backtests per month for a community of more than 300,000 quants and developers. QuantConnect’s platform is powered by the LEAN Engine, an open source infrastructure for algorithmic trading.
QuantConnect’s partnership with TradeStation Securities comes a month after the Miami, Florida-based firm announced an integration with brokerage platform Alpaca. Courtesy of the partnership, Alpaca users can leverage QuantConnect’s technology to design, backtest, and trade algorithmic strategies for stocks, ETFs, options, as well as cryptocurrencies.