The startup provides the infrastructure and tools needed to create and optimize algorithms in an open and transparent environment.
It also provides tools for backtesting through an open source backtesting application.
At this point, both the site and the tools are free. A planned live trading platform will likely be available in the future for a fee.
The site says algorithms are, for the most part, not well understood and that the site will facilitate the connection of a large cross section of programmers, scientists, and investors and the algorithms created will impact the markets.
The site will provide transparency and accountability, the opposite of which Wall Street has traditionally used to keep quantitative finance to itself. Until now.

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