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QuantConnect vs Quantopian


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Two great algorithmic development platforms go head up. The one runs on the Zipline engine with Python at its root, the other on Lean with a strong C# and visual basic background. which is better for you ?

Published in: Economy & Finance
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QuantConnect vs Quantopian

  1. 1. Which algorithm development platform will take over the web ? QuantConnect Vs Quantopian
  2. 2. Public Mission • Both companies have a similar goal of making algorithmic trading accessible to everyone instead of a select few. The two platform both do a great job at leveling the playing field, and thus are ranked evenly here. 1 - 1
  3. 3. Securities • Quantopian supports US equities only, while QuantConnect supports equities, some ETFs and indexes, plus Forex which is a huge advantage. It is for that reason a clear winner here. 2 - 1
  4. 4. Tick Data • QuantConnect offers second and minute tick data, unlike Quantopian which is limited to only minute data. While these engines might not hold up under HFT pressure (making second data less crucial), the slight edge would grant QuantConnect the win here. 3 - 1
  5. 5. Community • Qutopian has a huge community of over 30,000 quants and is expanding rapidly still. With more value competitions and promotions (due to their financing) they are able to easily surpass QuantConnect on this category. 3 - 2
  6. 6. Language Support • Quantopian is a Python based platform and sticks to it. QuantConnect is more broad and supports over 5 languages, but in essence only offers tutorials and support for c#. Here it is a matter your preference between Python and C#. 4 - 3
  7. 7. Data Perks • While QuantConnect is reaching out to interesting social media sentiment data providers among others, they still lack the fundamental data that Quantopian offers. We are back at a tie! 4 - 4
  8. 8. Brokerage and Paper Testing • Both platform offer paper testing, Interactive Brokers paper testing and live trading as well. QuantConnect also supports Tradier Brokerage API which gives its users $1 equity trades if they trade through the platform. With a slight edge we have a winner here. 5 - 4
  9. 9. Engines • QuantConnect’s Lean engine runs smoothly and fast, but lacks time in testing, especially live. Quantopian’s Zipline has been tested through many more back testing hours and live trading hours. Although it is again slight, we would have to lean towards Zipline here. 5 - 5
  10. 10. Conclusion • In conclusion it’s a tie. Both platforms are of incredible value to every quant. We cant pick a clear winner, and would highly recommend trying both out! With some programming experience it is about a one week learning curve on each.
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