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PostPosted: Sat Dec 29, 2012 8:05 pm 
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Joined: Tue Aug 05, 2003 3:43 pm
Posts: 6810
Dear Clients and Friends

Thank you for your continued interest and support of SmartQuant and our products. As many of you have noticed, our pricing and licensing policies for OpenQuant have changed significantly in the past few months. We would like to highlight the main changes and the reasons behind it:

The changes:

· We no longer offer permanent licenses for OpenQuant. All licenses are now issued as single-installation licenses on a subscription basis.

· We offer monthly or annual subscriptions, and these subscriptions include free updates to all new released features during the term of the subscription.

· The new prices for the subscription licenses are shown on our website product ordering page. Please note that the annual subscriptions are typically priced at a discount to the monthly ones.


The main reason for these changes is the significant refocusing of our development efforts towards making the SmartQuant platform a viable and preferred choice for professional traders and institutional managers. We are hard at work making major additions to the paltform:

· As you know, the platform now includes, in addition to OpenQuant integrated development environment, also the official releases of QuantTrader (production trading application), QuantRouter and QuantBase

http://smartquant.com/presentation/Open ... oducts.pdf
http://smartquant.com/presentation/Smar ... ucture.pdf

· The OpenQuant has already been enhanced with additional important provider plugins (the latest addition coming soon for the Lightspeed Institutional brokerage platform)

· The OpenQuant has also been enhanced with additions to the framework allowing the users to set and track arbitrary variables on instrument, strategy and solution level, and with the new Strategy Monitor screen that allows to monitor and drill down portfolios containing multiple strategies while backtesting and trading.

· Another major addition, the OpenQuant.PM library for modular development of institutional scale portfolio strategies (with separate handling of alpha signals, capital allocation, portfolio construction, risk management and execution strategies) is coming very shortly -- we have been working on it for the past few months and will release the public beta in January.

These and further additions and enhancements will be coming at an increasingly high pace. The only way to support such development for us is to have a subscription pricing model. Unfortunately, we simply do not have sufficient spare resources to support multiple outdated releases with varying functionality, so we prefer to give these new features to all clients, and for that we need to keep all subscriptions current.

And the new price policy hopefully reflects and growing professional and institutional quality of our products. While we recognize that these prices are perhaps a stretch for the retail users, they are still a small fraction of those for comparable other products aimed at institutional users. So hopefully, they still represent an attractive proposition for many emerging and growing funds, trading firms, and other budget-conscious professional investors.

We hope you agree, and will continue to rely on SmartQuant products to grow and succeed in your business.

Best regards

The SmartQuant Team


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