We are seeing a number of market enthusiast coming up with trading strategies that work. Most don't have the staying power to get them to work enought to trade. Some do. Those that have the staying power often lack the financial resources to trade those algos for themselves. Problems = Capital, Access, Data, ...
To overcome that some are turning to CloudQuant (where I work). The CloudQuant algo development environment, backtesting tool, and trading strategy incubator is making it easy for people to take their trading ideas to funded trading rapidly. So far they have announced $72M in risk capital allocated to algorirthms created by individuals. Algos are licensed from the creator.
What is CloudQuant's policy regarding data collection on algorithms tested on their service? It'd be a shame if they farmed from the best and sold it as their own but then again, that's probably what I would do. :)
CloudQuant makes it clear that your Intellectual Property (IP) is yours. If you develop an alpha signal, and you collect your data on the site through backtesting, then that is part of your IP provided it isn't a copy CQ provided proprietary or licensed data (Market Data, Alt-Data, Fundamental Data...)
We do limit the size of downloads to ensure that you are not copying these licensed data sets.
To overcome that some are turning to CloudQuant (where I work). The CloudQuant algo development environment, backtesting tool, and trading strategy incubator is making it easy for people to take their trading ideas to funded trading rapidly. So far they have announced $72M in risk capital allocated to algorirthms created by individuals. Algos are licensed from the creator.
https://info.cloudquant.com/