Hands-on
(Potentially available in the future.)
AI (and quant) are highly automated. Once you get it all correctly up and running, it can operate and even evolve with a fairly small team. But to get to that place, you need quite a substantial and high-value team to build up good AI and quant systems.
Also it’s frankly a recruiting challenge to pull the top people.
“I spent 10 years refining, extending, and further automating a system and team to handle reference data and corporate actions. In its final form, the system and a team of three of us did the same job that a team of 100 people did at each other similar-sized brokerage. And our setup was arguably both more flexible and accurate.
However, that system was built by a team of very expensive, creative, highly intelligent, resourceful — and both hard-to-find and hard-to-retain — programmers and operators who helped the arduous process to truly transform human insights into algorithms in a way that was reliable and accurate.
This was at legendary pioneer Interactive Brokers, subject of Christopher Steiner’s “Automate This!”
In twenty-eight years making things I’ve only seen two organizations with the extreme leadership temperament to guide and retain a team like that in-house. It seems to take an unusual cultural focus that is extremely hard to pull off.”
trunc.ai is debating the merits of expanding our team slightly to provide help that is a bit more hands-on — possibly with an emphasis on the data and infrastracture piece that is critical for phase one. Let us know if you would like this option.