Global algorithmic trading is projected to grow from about $21 billion in 2024 to nearly $43 billion by 2030, according to estimates from Fortune Business Insights, Grand View Research, Mordor Intelligence, and IMARC Group. Amid this prohections, cloud-based trading and research platform TakeProfit is eying this expanding market with the launch of a cloud-based strategy backtesting module available to all users.New Cloud-Based ToolTakeProfit said the new module allows traders to design, test, and evaluate algorithmic strategies directly from a web browser.The feature is integrated into the platform’s Workspaces and supports Indie, TakeProfit’s Python-based scripting language for custom indicators. The update extends access to systematic testing tools without requiring any local installation.Market data shows retail investors are becoming one of the fastest-growing segments in algorithmic trading. TakeProfit’s Digital Growth Strategist, Pavel Medvedev, said the trend reflects traders seeking systematic tools built for more accessible, web-based workflows.Retail Adoption RisingTakeProfit also operates a cloud Indicator Marketplace for independent analysts and developers, alongside modular Workspaces, a centralized Widget Hub, and a Community Feed for sharing research.The company said its recent launch supports the broader shift toward cloud-native infrastructure as retail traders increasingly adopt quantitative trading tools once limited to institutions. This article was written by Jared Kirui at www.financemagnates.com.

Read full article on FINANCEMAGNETS