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Algo Trading Challenge 2023/24

Deadline: 31 Oct 2023 (Closed)
Location: Online

To: All UG students


The Algo Trading Challenge 2023/24 is now open for applications.

 

This Challenge aims to identify and nurture algo talents and advance the development of the Fintech industry in Hong Kong.  Students can take this opportunity to enrich their educational experience in algo-trading and to acquire the skill set necessary for this fast-growing market segment. Teams will be formed with diverse skills, such as maths, statistics, finance, coding, and presentation.

 

1st Round: Code

2nd Round: Compete

Final Round: Pitch

Teams will code their trading algorithm and test it on ALGOGENE back-testing engine, then submit the code

Judges will backtest trading algorithms for return, volatility, robustness, and practicality to select advancing teams

Each team needs to compete in out-sample forward test and live paper trading

Live paper trading will last for 2 months from January 2, 2024 to February 29, 2024

Teams will present a trading plan to judges in a 5-minute pitch session on the final day

The trading plan is a ppt less than 15 slides consisting of:

  • Executive summary
  • Trading idea description
  • Implementation detail
  • Stress test and risk management
  • Team biography

Judges will select winners in each of these categories:

• Best Return
• Best Sharpe
• Best Strategy Design

Submission deadline: December 31, 2023

Submission deadline: February 29, 2024

Final Day: March 10, 2024


Timeline

Date

Event

October 31, 2023 (Tue)

Deadline of Registration

November 1, 2023 (Wed)

Online Briefing Session & Backtest Engine Introduction

December 31, 2023 (Sun)

1st Round: Back-testing Completed and Code Submission

February 29, 2024 (Thu)

2nd Round: 2-month Live Paper Trading Completed

March 10, 2024 (Sun)

3rd Round: Finale and Award Ceremony


Awards and Benefits

  • Winning teams from each asset class (Equity & Crypto) for each award category (i.e. (A) Best Return, (B) Best Sharpe and (C) Best Strategy Design) will win attractive cash prize.
  • Winners will receive a participation certificate and get a 1-year free subscription to back-testing platform.
  • Winners will have a chance to get their algo minted as NFTs in Opensea and internship/ full-time employment from the Organisers.
  • Winners will connect with algo fund managers and industrial professionals in Algo Challenge Association (ACA).

Interested students should form into teams of 1 to 4 members, and the team leader should submit the online application formby Tuesday, October 31, 2023.

 

For details regarding the Competition, you may refer to the below eDM and the official website HERE. For enquiries, please contact admin@algochallenge.org.

 

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Disclaimer:

 

  1. The School will not be responsible for any expenses incurred in this Challenge.
  2. The data collected is solely administered by the organizer. The School shall not be held liable in the case that disputes, loss or any other situations arise.