“You have a chance, single-handedly, without anyone looking at your resume, to try and change an industry.”
In this video from MarketsWiki Education’s World of Opportunity event in New York, Morgan Slade, CEO of CloudQuant, discusses the difficulties most people face when trying to enter high finance. Getting your foot in the door at a large hedge fund is tough these days unless you went to an Ivy League school and graduated summa cum laude. CloudQuant is changing the game by offering institutional quality research with high frequency data for anyone, regardless of background, to apply to algorithmic trading. CloudQuant will allocate capital to strategies if it sees a high enough risk adjusted return and will operate the strategies for you. Slade says the power of quantitative trading comes from the confluence of four things: cloud computing, alternative data, machine learning and crowd researchers.