We love science and math

We are an ambitious company with more than a decade behind us and not a single loss-making month in all that time. Our product – algorithmic trading software – is the result of the passion for math, cutting-edge science, statistics and data modeling in a diverse team of forty talented mathematicians, analysts and programmers. The company was founded by its current CEO Petr Zahradník along with Miloš Krejník in the city of Kutná Hora in 2012. These days, we’re headquartered in the Špork Palace in Prague.

Company milestones

We started out in 2012. What we lacked in experience, we made up for in enthusiasm.

We were looking for investors, but instead a headhunter from a large American trading firm came to us. He wanted to hire us as employees, but we weren’t having that. We proposed a different cooperation model, and we shook on it. As an independent firm, we supply software for algorithmic stock trading. We get a profit share, and we don’t have to deal with the bureaucratic and regulatory hassle. And that’s how it works to this day.
  • 2012

    We rented our first office in Kutná Hora.

  • 2013

    We started trading in early 2013.

  • 2014

    In 2014, we made our first couple of million dollars operating through a US partner.

  • 2015

    By 2015, our Sharpe ratio was >10 and we’ve kept it there ever since.

  • 2018

    Since early 2018, we’ve been independent and licensed out our software.

  • 2020

    In 2020, we learned how to work with FPGA cards and we provided CZK 2 million to buy ventilators for hospitals during the pandemic.

  • 2021

    In 2021, we contributed CZK 5 million towards military equipment for Ukraine.

  • 2023

    2023 was a record year for us in many regards, including total profits and the amount we contributed to charity projects.

  • 2024

    The best results in history and new impulses. We have established Qminers Foundation and transitioned to a new visual style.

Message from Petr Zahradník, Qminers cofounder and CEO

I’ve always been ambitious and driven by the desire to surround myself with people who are better than me. I studied econometrics at the Department of Probability and Mathematical Statistics at the Charles University Faculty of Mathematics and Physics, and after graduating, I wanted to do something that would have global ambition. While studying in Amsterdam, I learnt about various interesting applications of mathematics in finance, and financial mathematics struck me as a very appealing world, one with boundless possibilities and instant feedback.

Since then, I’ve been making Qminers the kind of place I’ve always wanted to be in. I can offer people continuous development, mutual encouragement and – exceptionally for our industry – a collaborative and friendly environment. We’re united by a passion to achieve excellence. I have high expectations of people, but I also make it my business to ensure they’re suitably rewarded. What it comes down to is that I want to work with the best in the field, whether that’s programming or data analysis. We’re lucky in the Czech Republic that my alma mater, among others, churns out excellent graduates with world-class knowledge.

Last but not least, we want to make money. A lot of money. Earning money so everyone makes a good living should be a consequence of and one of the essential criteria for success. But money isn’t the be-all and end-all. Every year, all our employees contribute to charity projects, and it gives me great pleasure to see the contributions increase year on year. On behalf of the company, I then match those employee donations one-to-one. Giving something back is a commitment we all take seriously here.

Petr Zahradník
CEO of the company