VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Sunday, October 5, 2025

View MarketXLSView QuantConnectBack to Home

Head-to-head

MarketXLS vs QuantConnect comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

MarketXLS adds Sheets / Excel Add-ins, Broker Connectors, Screeners, Options, Options P&L, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), Portfolio, Watchlist, Correlation, Financials, ETF Overview, ETF Holdings, ETF Fundamentals, Which ETF includes this Stock?, Interest Rates, Unemployment Rates, Inflation Rates, GDP, and Blogs coverage that QuantConnect skips.

QuantConnect includes Quant, Backtesting, Paper Trading, Auto-Trading & Bots, and APIs & SDKs categories that MarketXLS omits.

MarketXLS highlights: Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users., Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year., and Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter..

QuantConnect is known for: Seamless environment that connects research, backtests, and live trading on institutional-grade co-located servers., Powered by the open-source LEAN engine (Python 3.11 and C#), with the flexibility to run locally or in the cloud., and Multi-asset coverage across equities, ETFs, options, futures, FX, and crypto, with a long list of broker and data integrations including Interactive Brokers, Schwab, TradeStation, Tastytrade, Alpaca, OANDA, Binance, Coinbase, Kraken, Bybit, and Bloomberg EMSX..

QuantConnect keeps a free entry point that MarketXLS lacks.

MarketXLS logo

MarketXLS

marketxls.com

Excel‑first market data & analytics add‑in with 1,000+ functions. Default data is 15‑min delayed (QuoteMedia); real‑time streams and intraday history available with data add‑ons. Web screener, ETF database/overlap tools, options chains & Greeks, and portfolio templates (incl. Efficient Frontier). Direct order‑ticket functions for Thinkorswim, Tradier, Orion, plus IBKR integration via TWS API. No public data API for redistribution; personal use license.

Platforms

Desktop
Web

Pricing

Subscription

Quick highlights

  • Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users.
  • Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year.
  • Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter.
  • Portfolio & research templates: Efficient Frontier, correlation/volatility/drawdowns, fundamentals and historical statements via hf_* functions.
  • Web screener with hundreds of metrics; stock ranks (Value/Quality/Technical); spreadsheet builder to generate ready‑made workbooks.

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QuantConnect logo

QuantConnect

quantconnect.com

QuantConnect runs on the open-source LEAN engine, giving quants and systematic traders a unified workflow from research to backtesting to live deployment. You can run everything locally or in the cloud. Historical data down to tick and second resolution is available on paid tiers, and live-trading notifications scale by plan (from a handful per hour to thousands). Some broker and data feeds—like Trading Technologies futures or premium vendors—are only unlocked at higher tiers.

Platforms

Web
Desktop
API

Pricing

Free
Subscription

Quick highlights

  • Seamless environment that connects research, backtests, and live trading on institutional-grade co-located servers.
  • Powered by the open-source LEAN engine (Python 3.11 and C#), with the flexibility to run locally or in the cloud.
  • Multi-asset coverage across equities, ETFs, options, futures, FX, and crypto, with a long list of broker and data integrations including Interactive Brokers, Schwab, TradeStation, Tastytrade, Alpaca, OANDA, Binance, Coinbase, Kraken, Bybit, and Bloomberg EMSX.
  • Robust options support with Greeks, implied volatility, and helpers for building multi-leg strategies such as iron condors.
  • Generates detailed backtest reports you can download as PDFs and raw results exportable as CSV or JSON.

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Overlap

Shared focus areas

1 overlap

Both tools cover this research theme.

Where they differ

MarketXLS

Distinct strengths include:

Sheets / Excel Add-ins
Broker Connectors
Screeners
Options
Options P&L
Monte Carlo
Risk Metrics (VaR/ES/Drawdown)
Portfolio
  • Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users.
  • Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year.
  • Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter.
  • Portfolio & research templates: Efficient Frontier, correlation/volatility/drawdowns, fundamentals and historical statements via hf_* functions.

QuantConnect

Distinct strengths include:

Quant
Backtesting
Paper Trading
Auto-Trading & Bots
APIs & SDKs
  • Seamless environment that connects research, backtests, and live trading on institutional-grade co-located servers.
  • Powered by the open-source LEAN engine (Python 3.11 and C#), with the flexibility to run locally or in the cloud.
  • Multi-asset coverage across equities, ETFs, options, futures, FX, and crypto, with a long list of broker and data integrations including Interactive Brokers, Schwab, TradeStation, Tastytrade, Alpaca, OANDA, Binance, Coinbase, Kraken, Bybit, and Bloomberg EMSX.
  • Robust options support with Greeks, implied volatility, and helpers for building multi-leg strategies such as iron condors.

Feature-by-feature breakdown

AttributeMarketXLSQuantConnect
Categories

Which research workflows each platform targets

Shared: Options & Derivatives

Unique: Sheets / Excel Add-ins, Broker Connectors, Screeners, Options, Options P&L, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), Portfolio, Watchlist, Correlation, Financials, ETF Overview, ETF Holdings, ETF Fundamentals, Which ETF includes this Stock?, Interest Rates, Unemployment Rates, Inflation Rates, GDP, Blogs

Shared: Options & Derivatives

Unique: Quant, Backtesting, Paper Trading, Auto-Trading & Bots, APIs & SDKs

Asset types

Supported asset classes and universes

Stocks, ETFs, Options, Mutual Funds, Currencies, Futures, Cryptos

Stocks, ETFs, Options, Futures, Currencies, Cryptos

Experience levels

Who each product is built for

Beginner, Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Desktop, Web

Web, Desktop, API

Pricing

High-level pricing models

Subscription

Free, Subscription

Key features

Core capabilities called out by each vendor

Unique

  • Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users.
  • Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year.
  • Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter.
  • Portfolio & research templates: Efficient Frontier, correlation/volatility/drawdowns, fundamentals and historical statements via hf_* functions.
  • Web screener with hundreds of metrics; stock ranks (Value/Quality/Technical); spreadsheet builder to generate ready‑made workbooks.
  • Broker/trading connections: Thinkorswim, Tradier (single & multi‑leg), Orion (single‑leg), Interactive Brokers (via TWS API).

Unique

  • Seamless environment that connects research, backtests, and live trading on institutional-grade co-located servers.
  • Powered by the open-source LEAN engine (Python 3.11 and C#), with the flexibility to run locally or in the cloud.
  • Multi-asset coverage across equities, ETFs, options, futures, FX, and crypto, with a long list of broker and data integrations including Interactive Brokers, Schwab, TradeStation, Tastytrade, Alpaca, OANDA, Binance, Coinbase, Kraken, Bybit, and Bloomberg EMSX.
  • Robust options support with Greeks, implied volatility, and helpers for building multi-leg strategies such as iron condors.
  • Generates detailed backtest reports you can download as PDFs and raw results exportable as CSV or JSON.
  • Cloud API and Lean CLI for managing projects, running backtests, deploying live strategies, and pulling reports programmatically.
Tested

Verified by hands-on testing inside Find My Moat

Not yet

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Editor pick

Featured inside curated shortlists

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Frequently Asked Questions

Which workflows do MarketXLS and QuantConnect both support?

Both platforms cover Options & Derivatives workflows, so you can research those use cases in either tool before digging into the feature differences below.

Which tool offers a free plan?

QuantConnect offers a free entry point, while MarketXLS requires a paid subscription. Review the pricing table to see how the paid tiers compare.

How can you access MarketXLS and QuantConnect?

Both MarketXLS and QuantConnect prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

What unique strengths set the two platforms apart?

MarketXLS differentiates itself with Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users., Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year., and Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter., whereas QuantConnect stands out for Seamless environment that connects research, backtests, and live trading on institutional-grade co-located servers., Powered by the open-source LEAN engine (Python 3.11 and C#), with the flexibility to run locally or in the cloud., and Multi-asset coverage across equities, ETFs, options, futures, FX, and crypto, with a long list of broker and data integrations including Interactive Brokers, Schwab, TradeStation, Tastytrade, Alpaca, OANDA, Binance, Coinbase, Kraken, Bybit, and Bloomberg EMSX..

Keep exploring

Stay on top of related tools

Browse the categories and profiles that overlap most with this comparison to round out your shortlist.

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.