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Here Come the DIY Quants

Firms like Quantopian, which got a major capital injection from Point72's Steven Cohen, and Quantiacs highlight the growing appetite for platforms that harness amateur quant trading talent.

       Martin Froehler, Quantiacs In late July, Steven Cohen announced he would be investing up to $250 million in an online platform for freelance quant traders called Quantopian. The investment comes from Greenwich, Connecticut-based Point72 Ventures, the venture capital arm of Cohen’s family office, Point72 Asset Management. Boston-based Quantopian launched five years

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