Quant Savvy is an algorithmic trading systems software development company located in the United Kingdom. They develop automated trading algorithmic systems which are supported by popular trading platforms such as Tradestation and MultiCharts. Michael Singer is the founder of Quant Savvy and has been developing and trading fully automated trading systems for over a decade. Michael Singer and his team develop all the systems and Michael has thousands of hours experience on finding edges to beat the market. His support staff also has extensive futures trading knowledge.
They claim their long-term goal is for their Clients to increase their position size and therefore increase profitability. Quant Savvy systems are exclusive so do have cut off points where they won’t accept new clients, this is to ensure the existing client base can continue to increase position size without any degradation of system edge. Quant Savvy only want to make money if their clients make money which is reflected in their pricing structure, as they see this as the only fair way to conduct business and form long-lasting business relationships.
The Chimera Bot automated trading system is offered which consists of a portfolio of seven systems designed for all market conditions. All systems are independent and uncorrelated, and the portfolio is weighted equally long and short. The markets traded are US Emini Futures markets such as ES, YM and NQ. The Qaunt Savvy website provides extensive analysis of the Chimera Bot performance which is extremely helpful for prospective clients to help them make an informed decision when purchasing as it shows transparency.
For the novice, they even provide explanations of the metrics so that you fully understand what you should be looking for when comparing systems and performance. Quant Savvy is the only company to provide a Monte-Carlo analysis which no other algorithmic trading software company has shared. They also have live trading results for full transparency available upon request from an external brokerage.
Although specific pricing is not available on the website, you can request this from the company directly.
We spoke with Michael Singer via call and he informed us there are no monthly fees except a monthly maintenance fee of 20% which is only applicable if profits are generated in that month, this comes with a high-water mark in place. This reflects their ethos of only looking for long-term relationships with clients by only making money if they do.
To be honest we have not seen any other algorithmic trading company offer a modified profit sharing. Nearly every other algo trading company tends to have very high upfront fees linked to the number of units being traded. This is a fantastic way to build consumer confidence in their product, we love the idea of a partnership between algo trading bot and the investor. If only we had more algorithmic trading companies take this approach.
Our Quant Savvy Review
The whole website is very transparent and honest, they have a great company timeline which shows their algorithmic trading journey. It is all very impressive and informative at the same time.
We were passed on some details of clients from Mike directly. Brad from Texas and Allan from the UK. We spoke to Brad on the phone who informs us he as been with Quant Savvy since 2015 trading now the 12 bot Synergy Bot portfolio they offer. This was an interesting call because Brad shared his results with us. He mentioned many times that he has a lot of control over his account as he chooses how many contracts he trades per system, essentially, he controls one half of this trading system. The performance was solid, he did experience a drawdown in March 2018 but now is very profitable for the year.
We conversed with Allan on Skype and he has been trading the Chimera Bot which is a seven-system portfolio since 2017. This portfolio being only seven systems is designed for smaller accounts and has been even less volatile than the 12 bot portfolio. Allan has been trading 3 contracts throughout all of 2017 and 2018. The results show excellent monthly performance with only a drawdown in May and June in 2018. The Chimera Bot results show amazing performance during volatile periods like we have had recently.
In terms of content the only critism we can make is that the blog is not updated as frequently as we would like. However, we can understand Mike’s position on this as he states the algorithm trading systems is their main priority and everything marketing based is secondary.
Latest Reviews of Clients of Quant Savvy
Quant Savvy provide a testimonials page on their website but also have externally audited reviews by a 3rd party (reviews.co.uk) who verifies the review is made by a legitimate Quant Savvy client. This provides reassurance for many as finding genuine reviews for other companies is extremely difficult.
Quant Savvy testimonial – M Wright
Quant Savvy testimonial – A Green
Final Word on Quant Savvy
It seems that Quant Savvy has a fixed clientele and the reviews found on the web about the company were positive. The performance of their algorithmic system is good with extremely detailed analytical results available for even the experts in this industry to make an informed decision. Their pricing structure and willingness to share live trading results which include commissions/slippage show that this company is being honest and transparent.
We have been reviewing algo trading companies for the past couple of years and we have not seen a pricing structure as fair as Quant Savvy. The results have been very good but what we liked the most was Michael Singer knowledge on portfolio sizing. He informed us many times that even with good algorithmic trading systems you still need good position sizing, this is one thing the investor must consider and control and will certainly pay to do your own research on the best way to allocate your capital.
Quant Savvy only takes on a fixed number of clients for each one of their portfolios to avoid liquidity issues which come along with trading too large. This is for serious investors only and they are certainly not targeting any individuals without investment experience.
Kudos to Quant Savvy, we will reach out to them again sometime in the next 12 months for an update.