OpenQuant - SmartQuant's new product for the retail market

Quote from OpenQuant:

$499 vs $3999 :)
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Is this an attempt to follow educational pricing models, such as selling spendy commercial software to college students for a big cut...your price difference is equivalent to what major 3D animation packages charge...5k for business, 500 for students.

Has Smartquant ever offered educational pricing?

How is this version limited and restricted?

Why wouldnt I stick with MatLab or some more powerful package that already offers student pricing?

Why not just use VisualStudio and write your own?

I would love nothing more than to see a great piece of software out there...but Im wary of retail versions that try to make home users pretend to be quants with their big schema for a killer trading system (they read about it in the back of Traders)
 
Quote from vonk:

What is the price of the institutional version?
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I checked a few weeks back. Without giving out a specific number, it's a per license fee kind of deal in the mid 4 figure/month range for the full package. Individual components cost somewhat less.

Obviously, OpenQuant could be quite a good deal priced the way it is, if the feature set meets your needs.

Regards,

Sam
 
Hello -

I have been trading for years and am looking into building an ATS system. I am not a programmer, but was wondering if any of you thought this was too dificult of a program to learn. Also, do they offer any documentation for someone like me where I can start learning.

Thanks in advance!
 
Quote from qtip:

Hello -

I have been trading for years and am looking into building an ATS system. I am not a programmer, but was wondering if any of you thought this was too dificult of a program to learn. Also, do they offer any documentation for someone like me where I can start learning.

Thanks in advance!
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You can check this manual

http://www.smartquant.com/introduction/openquant_strategy.pdf

get a couple of books (Trade Llike a Hedge Fund and Beyond Technical Analysis) discussed in this manual and then get 30 days evaluation version of OpenQuant and see if you can understand or perphaps even improve these strartegies.

And well, get one of simple C# books :)
 
The big difference, having spent a little time with OpenQuant, seems to be portfolio portion of the software - I don't see a place/object for portfolio-level strategies - such as implementing position sizing strategy across a group of equities and/or futures.

Please let me know if I am seeing this right - if this is the case, then that is the major feature missing from OpenQuant.

TradingBlox, btw, just to be clear, is only EOD trading but does work with futures, equities and/or forex (I think I'm remembering correctly on the last one).

Thanks.
 
Yes, I think you are missing something.

Please take a look at Strategy.Position and Strategy.Portfolio objects in OpenQuant.API. These objects offer access to strategy portfolio composition and history, as well as to a list of properties and methods usually used in position sizing / risk allocation (GetCoreEquity, GetTotalEquity, GetPositionValue, GetAccountValue, GetMargin, etc.)

You can backtest and trade equities, futures, options, ETF, Forex and potentially all other instruments in OpenQuant since its core framework is based on FIX (Finanacial Information eXchange) 4.4. standard.
 
Ok - the objects are there under the covers, but has the interface changed? I remember being able to look at isolated portfolio code vs. having all the code in one single file.
 
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