43 minutes | Nov 4th 2020

Algorithmic Trading - Trality is the App Store for Crypto Trading Bots

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Trality is building a marketplace where creators can publish crypto trading bots and get paid rent by anyone wanting to piggyback on their trades. The creator’s algorithmic secret sauce remains top secret. Guests: Moritz Putzhammer and Christopher Helf Why you should listen: While working as an assistant professor at the Vienna University of Economics and Business, Moritiz Putzhammer was trading crypto on the side and working on a PHD. He realized that any individual actively trading crypto would at some point lose sleep, and money. Wanting to devise a system that would allow him to trade without having to be in front of the screen he reached out to his friend Christopher Helf, who has a background in computer science. After reaching his limit as a trader with an economics background, Putzhammer worked with Helf to automate his trading. The pair began by writing basic utility scripts that soon evolved into a useful set of automated trading tools. The pair realized that they had a product that could help other traders and decided to build a product. Key takeaway: Trality is a platform for anyone to create and invest through algorithmic trading bots. The platform is aimed at two groups. The first group are “creators” who have access to state of the art tools to build the best possible bots and the data to test and improve them. Creators can deploy their bots on the Trality cloud platform and on the Trality marketplace. The second group, called “followers” can access the marketplace and choose what bot they want to use, and copy trade that bot. The Trality team believes that in the near future everything will be automated, from your car to your home, to work and investment tools. Trality wants to be the platform for automated private investments. Trality has launched a trading bot competition. It has a submission period of 30 days and then a competition period that runs for 45 days. Bots are simulated in a live environment where the best performing bots will win a cash price. Got to trality.com Supporting links: Trality Trality on Twitter Andy on Twitter  Brave New Coin on Twitter Brave New Coin If you enjoyed the show please subscribe to the Crypto Conversation and give us a 5-star rating and a positive review in whatever podcast app you are using.
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