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These systems cannot be fully trusted[{{Cite web |url=http://www.siam.org/news/news.php?id=1626 |title=SIAM: What Role Did Mathematical Models Play in the Financial Crisis? |access-date=2010-03-01 |archive-url=https://web.archive.org/web/20110615084255/http://www.siam.org/news/news.php?id=1626 |archive-date=2011-06-15 |url-status=dead}}] and require qualified quantitative analysts to try to prevent massive drawdowns. The dangers of relying upon a ''platform'' were illustrated in a 2007 paper by [[Andrew Lo]].[{{cite web |last1=Lo |first1=Andrew |title=What Happened To The Quants In August 2007? |url=http://alo.mit.edu/wp-content/uploads/2015/06/WhatHappenedQuants2007.pdf}}] |
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These systems cannot be fully trusted[{{Cite web |url=http://www.siam.org/news/news.php?id=1626 |title=SIAM: What Role Did Mathematical Models Play in the Financial Crisis? |access-date=2010-03-01 |archive-url=https://web.archive.org/web/20110615084255/http://www.siam.org/news/news.php?id=1626 |archive-date=2011-06-15 |url-status=dead}}] and require qualified quantitative analysts to try to prevent massive drawdowns. The dangers of relying upon a ''platform'' were illustrated in a 2007 paper by [[Andrew Lo]].[{{cite web |last1=Lo |first1=Andrew |title=What Happened To The Quants In August 2007? |url=http://alo.mit.edu/wp-content/uploads/2015/06/WhatHappenedQuants2007.pdf}}] |
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The average quantitative strategy may take from 10 weeks to seven months to develop, code, test and launch.[{{Cite web |url=http://www.wallstreetandtech.com/asset-management/showArticle.jhtml?articleID=208808533 |title=Quants Demand More Efficient Alpha Generation Platform, Wall Street & Technology, July 10, 2008 | access-date=2008-08-22 | archive-url=https://web.archive.org/web/20110718225953/http://www.wallstreetandtech.com/asset-management/showArticle.jhtml?articleID=208808533 | archive-date=2011-07-18 | url-status=dead}}] It is important to note that alpha generation platforms differ from low latency [[algorithmic trading]] systems.[{{Cite web |date=2025-07-29 |title=Day Trading Success Rate Statistics: How Often Do Traders Actually Win? |url=https://vettedpropfirms.com/day-trading-success-rate-statistics/ |access-date=2026-04-21 |language=en-US}}] |
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The average quantitative strategy may take from 10 weeks to seven months to develop, code, test and launch.[{{Cite web |url=http://www.wallstreetandtech.com/asset-management/showArticle.jhtml?articleID=208808533 |title=Quants Demand More Efficient Alpha Generation Platform, Wall Street & Technology, July 10, 2008 | access-date=2008-08-22 | archive-url=https://web.archive.org/web/20110718225953/http://www.wallstreetandtech.com/asset-management/showArticle.jhtml?articleID=208808533 | archive-date=2011-07-18 | url-status=dead}}] It is important to note that alpha generation platforms differ from low latency [[algorithmic trading]] systems. Alpha generation platforms focus solely on [[quantitative investing|quantitative investment]] research rather than the rapid trading of investments. While some of these platforms do allow analysts to take their strategies to market, others focus solely on the research and development of these highly complex mathematical and statistical models. |
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