I’m writing today to announce the retirement of our daily contest. In 2018 we started the contest in its current form with two goals in mind. First, to act as a realistic challenge for Quantopian members by creating constraints and goals in line with what institutional quants typically see. Second, to act as a predictive tool to funnel algos into the Quantopian fund. The contest constraints reflected our commitment to leveling the playing field by providing a high bar for users on par with those often faced in professional quant finance. Many users rose to the challenge and exceeded our expectations. However, with our strategic pivot away from directly funding algos, the contest has outlived our second goal as a means to funnel algos to the fund. We feel the contest has been a great success but it’s time to move on.
It’s exciting to note the contest has paid out over $180k to more than 230 individuals from 39 countries. More importantly, 80+ algos from the contest were licensed for the Quantopian fund. Meeting the stringent metrics which the contest requires is not easily achieved. Just fulfilling the constraints to get into the contest is commendable. Continuing to meet those constraints with out of sample execution is no small feat. Everyone who ever entered the contest should be proud of their efforts and we congratulate you and recognize your hard work and achievements.
The final contest date will be June 5, 2020 and prizes should be paid out within a week after that.
I want to assure the community that Quantopian remains committed to leveling the playing field. We are looking into other ways which individual users can be engaged and personally benefit from crowdsourced efforts. Moving beyond the contest with these third party challenges is part of this effort with more options to come. Furthermore, Quantopian will continue to provide the community with enterprise quality data and resources for learning and personal use.