What's useful
- Proprietary datasets: market, risk or sports data your firm collected or built itself.
- Research code and notebooks, including ideas that didn't work.
- Trading and risk systems code, especially for retired strategies.
- Derived signals and features you've built from raw data.
What qualifies
The listing is for hedge funds, quant firms and trading companies of roughly 5 to 500 employees.
What to check first
- Vendor data licences. Exchange and market-data vendor licences almost always forbid redistribution of their data. Only data you own outright, or derived data your licences allow you to share, can be included.
- Strategy secrecy. Decide which strategies and signals are still live, and keep them out of scope.
- Investors' terms. Fund documents and side letters may restrict how fund information is used.
- Regulatory obligations. Check the scope with compliance against your FCA obligations, and make sure nothing could amount to inside information.
What it's worth
Mercor lists potential company earnings of $25kâ$1.1M for hedge funds and quant firms, depending on what's in scope. That is Mercor's own figure, not a promise or guarantee from us.
Can we license code without any data?
Yes. Research and trading code with its history can be licensed on its own.
What about sports data?
Proprietary sports datasets are explicitly part of this listing, subject to any rights held by the leagues or data providers you sourced from.