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Cambridge and Oxford teams compete in algorithmic crypto trading contest

Cambridge and Oxford teams compete in algorithmic crypto trading contest

A couple of dozen groups representing the arithmetic and pc science departments of Oxford and Cambridge universities are competing to construct crypto buying and selling algorithms on main exchanges Coinbase Professional and FTX.

In keeping with a Nov. 25 announcement, the 15 groups will probably be assessed on their buying and selling methods, the technical design of their algorithms, and their general return-on-investment. The competitors launched on Nov. 16 and can run till Dec. 16.

The methods employed embrace arbitrage, predictions based mostly on machine studying and neural networks, and pattern investing based mostly on time-sequence forecasting.

APEX:E3 is the competition’s principal sponsor, with the institutional analytics agency offering entry to its APIs, mentorship, technical assist, and an undisclosed sum of seed funding to every competitor. Solely the profitable group will preserve their seed capital and income.

Crypto exchanges Coinbase, FTX, SIX Digital Change, and LMAX Digital, together with Ethereum software program developer ConsenSys have additionally partnered to assist the competitors.

Dr. Quentin Stafford-Fraser of College of Cabridge’s pc science division described the event as a risk-free alternative for college students to place their algorithms to the textual content in actual life markets:

“APEX:E3 has created a enjoyable and risk-free approach for college students to study concerning the [algorithmic trading] trade and convey their creativity and experience to bear on the actual challenges of this area

APEX:E3 chief govt, Usman Khan, indicated the agency plans to make the event an annual occasion, including he hopes to broaden the variety of taking part universities in 2021.

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