Your Algos are Your Private Property on CloudQuant
Your Proprietary Trading Algorithm is always your property on CloudQuant. Any trading strategy that you develop is yours. Not ours. You do not transfer ownership of the algo to CloudQuant. You do not transfer any copyrights to CloudQuant. This is fundamental to the operations and success of CloudQuant. We are most interested in our relationship with you, the crowd researcher, not an algorithm. Algorithms come and go, but people are what makes our ecosystem extraordinary. We know that over the long run you will come up with many great ideas once you develop your first profitable strategy and license it. We want to develop a mutually profitable partnership with you. It ordinary people with extraordinary ideas on a great platform that will revolutionize the industry.
The User Agreement clearly states the following:
You can clearly see the steps where an algo creator’s rights are clearly protected with the NDA and the license agreement. At any point in this process either party may stop this process at which point CloudQuant will not use, or attempt to duplicate your algo.
- Everything you submit to the CloudQuant Services is “Input.”
- We may also review the Output… (i.e. the results of the backtest)
- Excluding your Input, you acknowledge that we and our licensors have and shall continue to have exclusive ownership of the CloudQuant Services, Our Content, ..
Who See’s my Algos on CloudQuant?
Until you are in the licensing process, no one sees your algos, or your proprietary inputs.The Licensing Process
The licensing process is where a crowd researcher asks for CloudQuant to review the performance of the algo and to consider licensing it from the algo owner for the purposes of live trading. The process covers:
Algo Creator |
CloudQuant |
|
Request Process | ||
Request to “Fund My Strategy” | ||
Backtest Review Process | ||
CloudQuant reviews algo output from algo creators specific backtests. | ||
Mutual Non-Discloser Process | ||
CloudQuant sends mutual Non-Disclosure Agreement (NDA) to client | ||
Client signs mutual Non-Disclosure Agreement (NDA) and sends to CloudQuant | ||
Algo Review Process | ||
Discuss the algo output and generalities of the algorithm. | Discuss the algo output and generalities of the algorithm. | |
Compliance and Risk Review of Algo | ||
Discuss sensitivity studies to determine risk allocation capacity and optimal trade execution | ||
License Process | ||
License Proposal with Profit Sharing Specifics | ||
Agree to License the Algo to CloudQuant? | ||
Signed License Agreement | ||
Licensed Product Group Operations | ||
Setup Operational Procedures | Setup Operational Procedures | |
Complete final compliance and risk management review including reviewing algorithm code and installing required risk and compliance checks. | ||
CloudQuant Crowd Supporting Operations runs algo. | ||
Regular Reports on Performance and Feedback. | ||
Monthly profit sharing |
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