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The Quantopian team is joining Robinhood : algotrading
Nov 10, 2020 Quantopian, once one of the most heralded financial services technology startups in Boston, will soon cease operations, with its co-founders and some employees joining Silicon.
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“The Quantopian team is joining Robinhood to continue to pursue our passion for opening access to markets and democratizing the financial system,” he said. “Quantopian has always stood for greater.
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Using Quantopian, you can link your Robinhood app to a trading algorithm that will do the work for you, turning your spare change into profits. Most high yield savings accounts will do about 3% interest paid back to you over the course of a year (and those are the better ones).
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It was not an acquisition: Robinhood wanted (some of) Quantopian's staff but was apparently not interested in Quantopian's product. For now, Quantopian Enterprise still exists as a FactSet offering, but it is clearly on life support.
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Quantopian acquired by Robinhood - Blind Home Industries Finance Quantopian acquired by Robinhood Synopsys gear9 Nov 5, 2020 https://www.quantopian.com/posts/were-joining-robinhood We're Joining Robinhood! Quantopian 5 Want to comment? LOG IN or SIGN UP TOP Sun Life Financial Toadxyz Really weird acquisition. Wonder what their new roles are.
Quantopian acquired by Robinhood - Blind
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Yesterday, Fawcett announced that Quantopian and Robinhood would be coming together in what he described as a natural fit for the two companies. “Quantopian has always stood for greater access and deeper education, so we are fundamentally aligned with Robinhood’s mission to democratize finance for all,” Fawcett wrote.
Quantopian is shutting down, with its co-founders headed to .
Quant Trading Platform Quantopian Closes Down - Bloomberg
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Quantopian Joins Robinhood To 'Democratize Finance For All'
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A spokesperson for Robinhood says he and the team from Quantopian will help enhance the information resources available to its customers. There’s an irony to Quantopian’s people moving to.
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Quantopian instead of shutting down made a deal with Robinhood acquiring its employees. That's why it's worded as the team joining Robinhood and not an acquisition. 7 level 1 andyousaychicity · 11m Wonder what their new roles are. If Robinhood was going to build out a backtesting/research environment, why didn't they just acquire Quantopian's? 8
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