Strategy Apps
Imagine a strategy created out of 100s of financial research papers. Fully coded and ready to deploy on one click in your trading terminal. You arrive on the landing page of the strategy and check out its historical backtests. See performance analytics in live environment for other traders from the community.
You see a live quant community connected to the StratApps page — you go through all the questions people have raised and answered, the one’s that remain unanswered, you see the authors of the strategy have taken up tricky questions raised by the community for next cycle of upgrade. Kind of similar to github/ feature request and community participation apps.
You like everything about it. You go ahead and install it, just like apps. It offers in app purchase.
- expires when the free period is over and market data feed stops or keeps running old version and you get shown adverse scenarios where upgrade is a better option.
- Upgrade the app for future tweaks based on market situations and deeper backtests.
- Run backtests on your own capital size and when next you’ll plan to deploy funds.
- Paid version comes with performance updates and other RIA features
- You can edit the code yourself if the original publisher allows it.
Let me imagine this from CastleGate angle. As an RIA I’ve my product. I wanted to onboard clients and then essentially serve them in annonymity. Here I’m publishing my product and asking anybody to come and subscribe through N step process — signup, open account, fund your account , allocate capital and you’re in. After 3 months you’ll get a reminder you’re being shifted to RIA fees subscription mode. If you accept you’ll pay fees and will keep getting updated version of the strategy deployed for you, including accounting for market regimes and if you do not accept, you’ll continue to run on our free version of product but atleast we got you in the CRM.
Our Sales will give you a call.
I should get a concept design for this out soon. This is exciting me. Pawan Wagh says he can imagine the architecture for this, he’ll publish that soon too.
