Monday, March 29, 2010
The natural next step after deploying our backtest platform is starting to trade. In the next couple of weeks we will reach out to our best scoring users to offer them a free ride.
We will allocate a small amount of capital, circa 50K€ per strategy, with friendly conditions.
In a nutshell before we trade using the capital of our investors we will use ours with very flexible conditions for the users.
How does this work?
- Post us strategies
- Users with strategies scoring north 8 will be contacted
- Users will be asked to pass through our risk constraints and further detailed backtesting
- A subset of strategies will be selected and users will be offered to enter into a non-binding agreement. The main point being they can pull out with a one week notice and we will stop using their strategy
- We allocate money to strategies, trade upon their signal, share the profits
Sounds like a good enough deal?
Posted by Benjamin Filippi at 3/29/2010 10:05:00 AM