Now You Can Do Algorithmic Trading From Your Couch

thenews 2013.06.18 17:16

Do you have a computer? Good. Now you can be a quant trader.

For years, complex algorithmic trading has been a major profit generator for Wall Street banks and hedge funds.

It has also been a source of employment for programming prodigies — and a source of stress for regulators.

But thanks to the new Manhattan-based startup EquaMetrics, average Joes can now quant trade from the comfort of their own homes.

CNN Money reports:

EquaMetrics' app is simply designed and since its software firepower comes from the cloud, it doesn't require anything more than the typical PC. You can drag and drop colored tiles to assemble your own algorithm. Day traders can choose between 30 variables to build their formulas. The options are built on so-called technical indicators, metrics that reflect trading patterns as opposed to stock fundamentals such as the price-earnings ratio. After you're done, you run the program to buy and sell stocks and currencies.