OmniVest User Forums
Other Strategy Portfolio Systems
collective2
8 replies, 2698 viewings
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OmniVest User Forums
Other Strategy Portfolio Systems
collective2
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Last Activity 4/15/2014 12:21 PM 8 replies, 2698 viewings |
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John W Elite    Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia  User Profile |
Collective2 is, in my opinion, the market leader. They have been active for at least 6 years and now have about 800 trading systems and nearly $11 Billion annually traded using their systems! They offer automated trading on stocks, options, futures and forex. Have a look at their website and spend an hour trawling around and you'll understand. I used Collective2 Gen3 technology which runs in the cloud when I played with diversifying into very short timeframes several years ago. Collective2 can be linked to more than a dozen brokers and I chose to link to an existing account I had at Options Xpress, approx. 1500 trades executed flawlessly, but poor system choice on my part and the cost of brokerage at Options Xpress was too high to make money on their short term trading systems offered at that time. However, they now also offer MB Trading and Interactive Brokers. Collective2 allows CTA's or brokers to resell collective2 to their clients and they have setup a reseller program that also allows trades though other exchanges such as the ASX or LSE. The Gen3 cloud technology works really well, who needs a PC! For system developers Collective2 is compatible with TradeStation, MetaTrader, NinjaTrader, IB's TWS, and others. System developers set fees and are paid by clients who use their system. Collective2 weakness is the history of a system only goes back a couple of years, there is no validation of past system performance, collective2 doesn't produce systems they only resell them, and there is no simulation aggregation feature, plus not many people have heard of them. Their strength is an excellent website (have a look at "System Finder" and "the Grid"), links to multiple system developers, brokers, and development platforms. Their opportunity is to comprehensively lead the market by independently validating system performance and providing 10+ years history (or equivalent for shorter than daily timeframes), and to ramp up their marketing, and setup more resellers into target markets outside the US. John | ||
| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
http://www.youtube.com/watch?v=7ERS4eNAyoY&feature=youtu.be In thinking more about this competitor the opportunity for OmniVest is that the OV strategies have been developed and tested by a company that does it for a living. As a result the strats loaded to OV generally have merit. Collective2 has some strategies with merit, but there are a lot of strats that will lose a lot of money or have BIG drawdowns, you have to work through many strategies to find the wheat from the chaff. With OV there is a lot of wheat to start with! Perhaps a marketing opportunity for OV! John | ||
| Ed Downs Elite Posts: 645 Joined: 2/7/2007 Location: Austin, Texas User Profile |
I think having access to a large # of Strategies with individual equity curves that can be combined into a single Trade Stream is a huge advantage over selecting a Strategy from a very large list. The application of Risk Controls on top of that provides an additional level of customization. | ||
| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
However, the best product doesn't always win, so after this product development phase I strongly believe there is a real need for OV to think more global, more marketing, more distribution. John | ||
| Ed Downs Elite Posts: 645 Joined: 2/7/2007 Location: Austin, Texas User Profile |
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| John W Elite Posts: 654 Joined: 10/11/2012 Location: Sydney, NSW, Australia User Profile |
http://www.collective2.com/newsletters/c2_2013April.html They now support: MB Trading, OpenECry, Interactive Brokers, Alpari, Belfor, Dorman Trading, AvaFX, Daniels Trading, Gain Capital, Vision Financial, FXCM, Pepperstone, AGM, Expedia, and Striker... and now, tradeMONSTER (see announcement details in the link above). They have also announced they can also support brokers who use the following technology platforms: Currenex, MetaTrader4, CTS, and Zenfire.† | ||
| BeachBoy Member Posts: 13 Joined: 6/19/2013 User Profile |
http://www.collective2.com/cgi-perl/system77211839 Is this allowed? I mean reselling Omnivest strategies. | ||
| Ed Downs Elite Posts: 645 Joined: 2/7/2007 Location: Austin, Texas User Profile |
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| BeachBoy Member Posts: 13 Joined: 6/19/2013 User Profile |
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