Schedule

Date Event
31 Oct 2023 Deadline of Registration
1 Nov 2023 Online Briefing Session & Backtest Engine Introduction
31 Dec 2023 1st Round: Back-testing Completed and Code Submission
29 Feb 2024 2nd Round: 2-month Live Paper Trading Completed
10 Mar 2024 3rd Round: Finale and Award Ceremony

Juding Criteria

Judging panel criteria comprises team performance (30%), trading strategy (30%), and presentation (10%), plus the risk-adjusted return (30%) as computed by the our back-test system.


(A) Best Return

A good return is the primary goal of every algo trading strategy. Our state-of-the-art trading system will back-test the trading strategies of Finale teams to ascertain outcomes. The team with the highest out-sample 1-year forward test and 2-month live paper trading return will win this award.


(B) Best Sharpe

A good strategy does not only need to be profitable, but it is also important to take care of the risk taking. The team with the highest Sharpe will win this award.


(C) Best Strategy Design

Recognises Finale participants' knowledge and skills in developing the best algo trading strategy that demonstrated the following:

  • Trading Strategy Logic: reasonable return, manageable risk, stability and predictability;
  • Creativity: innovative use of statistical models, parameters, forecasting methodology or interpretation of data and novel ideas based on existing theory and models; and
  • Execution Potential: a realistic strategy and full consideration of factors including capital, trading time, market impact and risk management.

Awards

There are 3 award categories: (A) Best Sharpe (B) Best Market Return (C) Best Strategy Design.

The winning team from each category will be entitled to:


Cash prize


  • 1st place: US$300
  • 2nd place: US$200
  • 3rd place: US$100

Certificate


All prize winners will receive a participation certificate

Free Subscription of Back-testing Engine


All prize winners will get 1-year free subscription of ALGOGENE's back-testing platform

Algo NFT


All prize winners will have a chance to get their algo minted as NFTs in Opensea

Employment Opportunities


All prize winners may have a chance to have internship / full-time employment from the Organisers

Join Algo Challenge Association (ACA)


All prize winners will connect with algo fund managers and industrial professionals in Algo Challenge Association (ACA)

Messi's merchandise


Winning team will get 1 set of Messi merchandise


Rules & Regulations

  1. The Challenge is open to public.
  2. Each individual contestant is only allowed to be in one team.
  3. Each team must elect one representative to liaise with the organizers.
  4. All entries must be the original work of the contestant team. Any form of plagiarism is prohibited and the contestant team will be disqualified from the Challenge.
  5. Each individual contestant is required to sign a Non-Disclosure Agreement with the organizers.
  6. Finalists must present valid Student ID cards and provide a copy for verification.
  7. The judging panel’s decision of the Challenge results is final. The organizers reserve the right to the final decision in all other areas.
  8. An online briefing session will be arranged during registration period to answer any inquiries about the Challenge.

FAQ

Q: If a person is in overseas, can he still join the competition via zoom?

A: Overseas participants are still able to join the Finale via Zoom, though the Finale will be held in hybrid. The Finale and award presentation is on 10 Mar 2024.