AlgoTrader AG today revealed that it had been chosen by tensoralpha GmbH to provide all of its quant modelling requirements. Tensoralpha GmbH is a cryptocurrency investment fund based in Berlin, while AlgoTrader helps investment firms create trading strategies, back test them and deploy the same in the markets.
tensoralpha is not the first company to select AlgoTrader for its quant modelling services provider. Cryptonomics Capital Ltd., a crypto-valley based AI crypto quant fund and blockchain boutique, has also selected AlgoTrader for the design of its automated trading strategy, testing and deployment for all its quant modeling requirements back in May 2018.
Today’s announcement indicates the growing importance of automated trading in the cryptocurrency market as firms look to capitalize on the 24/7 trading opportunity presented by digital assets and the liquidity issues that plague this market.
The new partnership will allow tensoralpha to increase its ability to perform quantitative research and to efficiently deploy quantitative strategies within its maiden fund.
Tensoralpha GmbH Managing Partner, David Klemm commented:
To rapidly identify market mispricings and temporary dislocations we must be able to develop, test and implement systematic trading strategies quickly and efficiently.
He further explained that:
To do that, we require open technology with rich functionality and top-level performance. With AlgoTrader, we can conduct research, find opportunities for alpha and test our strategies across multiple crypto-currencies efficiently and use the same solution for automated trading. We especially like the clean, intuitive development environment that AlgoTrader affords through its intelligent combination of Java, Esper and various other open-source, industry standard components
Andy Flury
The Founder and CEO of AlgoTrader AG, Andy Flury pointed out:
Sophisticated quantitative trading necessitates an integrated back-testing and trading platform and represents the foundation for identifying hidden trading opportunities and capturing alpha in the Crypto world. We are pleased that tensoralpha selected AlgoTrader and entrusted us with this critical core component of their research and trading activities.