Good morning! If you’re new here, welcome to the place of all things new to Blankly. President’s Day is today, the weather has suddenly turned on its head here in the midwest, the 2022 Beijing Winter Olympics have come to a close with Norway topping the medal count at 37, and tomorrow is Tuesday, February 22 (2/22/22). We hope you enjoy your time here, and subscribe here to stay tuned for future, exciting news as well!
UPDATES
We changed up our website! Now, if you head to blankly.finance, you’ll see our main page has transitioned to featuring the Blankly Platform. Here, you can learn how the platform enables you to deploy and monitor your trading algorithms in the cloud, what separates us from the other solutions in the market, and the different pricing options for the tools and resources you need to build, test, and scale your algorithms. Currently, the platform is still under development, but if you would like a walkthrough and private beta test, we would love to talk! Sign up for a call, and learn how it can fit within your quant workflow.
Of course, the open-source package isn’t going anywhere—it has its own page now, at package.blankly.finance. We are hoping to take an approach that provides a bit more clarity and separation between the platform and package. Our vision for Blankly is fundamentally an open-source community where people can gather and create amazing algorithms—and if you need that extra set of specialized tools for cloud deployment, team collaboration, or visualizing trading signals, the platform is there for you.
Also, check out our roadmap for the package below! This is all we have planned so far to implement into the package, from support for futures to new integrations with more exchanges. You can see who on the team is working on what features, and an estimated timeline for when each feature will be up and running. For the full roadmap, click here.
Finally, on the larger roadmap of Blankly’s overall vision, Web 3.0 is something we are excited to experiment with. With the current algotrading and Web 3.0 world being fragmented by a multitude of technologies, individuals and mid-sized hedge funds are strangled by weaving together packages, frameworks and code that ultimately become unmaintainable and additional locked dependencies. In addition, a whole monitoring and communication layer of managing multiple models, datasets, and teams is missing and leads to confusion, lack of communication with investors, and ultimately a slower time to market and lower investment returns.
By bridging the programmatic trading on Web2 and Web3, we believe Blankly sits at the forefront to enable investors and a larger market to easily access and host trading strategies, data pipelines, and algorithms that service the best of both markets without sacrificing the power of either. Read more about our ideas here.
RESOURCES
If you’re a beginner looking to get into the world of algotrading, you may have looked into several no-code solutions to get started with. Composer, Tuned, Trality, and other websites are great if you’re eager to try out something new. However, with simplicity and abstraction comes greater limitations to what you can create. Here is why you should reconsider when looking into these solutions, and how trading with a simple code framework might be better in the long run.
Why You Shouldn’t Use a No-Code Trading Platform
There’s much more to algotrading than just building the algorithm itself. After spending a few weeks research, implementing, iterating, and building an algorithm, you soon realize the complications behind setting a testing framework and deploy infrastructure. Maintaining a connection to the exchange, gathering data pipelines, and monitoring a running strategy are all headaches that come unexpected. Learn more about what goes behind a complete quant trading system.
Why Building a Trading Algorithm is More Than Just the Strategy