Working in the field too - I tend to think now that for quite a lot of this strategies, it's not really the genius idea behind that is worth money, it's all the accumulated knowledge about what could kill you that's getting incorporated into the system. Usually boring, tedious stuff create the best moat for the business.
How do you make sure your ticker database is up to date, how do you make sure the dividends calendars are up to date, that you are trading the ticker you want to trade, and not the same name but on a different exchange and with a different fiscality, etc.
It's a bit like the saying about startups - the ideas are worthless about execution.
Working in the field too - I tend to think now that for quite a lot of this strategies, it's not really the genius idea behind that is worth money, it's all the accumulated knowledge about what could kill you that's getting incorporated into the system. Usually boring, tedious stuff create the best moat for the business. How do you make sure your ticker database is up to date, how do you make sure the dividends calendars are up to date, that you are trading the ticker you want to trade, and not the same name but on a different exchange and with a different fiscality, etc.
It's a bit like the saying about startups - the ideas are worthless about execution.