The Award Presentation Ceremony (the “Ceremony”) of the First
Computational Finance Competition (the “Competition”) jointly organized by Hong
Kong based Global eSolutions (HK) Limited (“GES”), a leading financial trading
platform provider, and the IEEE (Hong Kong) Computational Intelligence Chapter
(IEEE (HK) CI Chapter) successfully took place on 26 August, 2017 at the
Lecture Theatre A, Chow Yei Ching Building, the University of Hong Kong. Apart
from the award presentation, the organizer invited several guests to deliver a
speech, including Professor Edward P.K. Tsang, the School of Computer Science
& Electronic Engineering, University of Essex and Mr. Ken So, Senior
Quantitative Developer of GES, who shared their research and insights on
computational finance and algo trading. Eminent figures in the academic sector
and notable guests supported the event and exchanged the ideas of computation
finance and algo trading.
Since the Competition was held by GES and IEEE (HK) CI
Chapter for the first time this year, it aims to foster the pursuit of algo
trading among university students. The Competition has received an overwhelming
response of entries, with more than 60 participants in 35 teams. Awarded teams
in the Ceremony come from various academic departments, ranging from Electrical
and Electronic Engineering, Computer Science and Computer Engineering. A total
of 9 awards were presented, the winners include both undergraduate and
postgraduate from (name listed in no particular order) The Department of Electrical and Electronic Engineering, the University of Hong
Kong; The Department of Computer Science, the University of Hong Kong; The Department of Computer Science, Hong Kong Baptist University; and The Department of Electronic & Computer Engineering, Hong
Kong University of Science and Technology.
At the Ceremony, Dr.
Vincent Tam, Chairman of IEEE (HK) CI Chapter, said, “Thanks to the keen
supports of the Executive Committee members of the IEEE (HK) CI Chapter, and
the Computational Finance and Economics Technical Committee (CFETC) of the
Computational Intelligence Society (CIS), the Competition has been successfully
launched and has received overwhelming response so far. The Competition is
certainly one of the most meaningful investment competitions in the academic
sector, allowing students to put investment theories into practice and gain the
valuable experience of trading simulation in the real investment world.”
Mr. Ken Chung,
Director of GES, said, “Although Hong
Kong is known to be an international financial hub, its development and
application of innovative technology such as algo trading and artificial
intelligence in the financial industry still falls behind the capital markets
in Europe and the United States. One significant advantage of algo trading is
automation, which leads to a relatively rational trading behavior. Any
pre-setting trading strategies can be automatically executed in specified time,
price and trading volume through computer, avoiding irrational decisions made
by manual trading. Auton serves as a virtual trading platform in this
Competition and is a truly multi-asset platform which supports FX, Bullion,
CFDs, Equities, Futures and Stock Options. Its built-in algo trading kit allows
traders to deploy existing trading strategies or script their own one in the
platform. By allowing algo backtesting and forward-testing with historical data
and live data respectively, Auton helps traders to develop the unique trading
strategy that will work best for them.
About the
First Computational Finance Competition
This first Computational Finance Competition was
organized by GES and IEEE (Hong Kong) Computational Intelligence Chapter (“IEEE
(HK) CI Chapter”), which invited undergraduates and postgraduates students from
renowned universities in Hong Kong to foster the pursuit of algo trading among university
students in Hong Kong. It was initiated with a vision to promote the use of
Computational Intelligence in the area of finance, identify algo trading
talents at top universities and provide top performers with potential career
opportunities.
About IEEE
The IEEE is the world's largest professional organization
dedicated to advancing technological innovation and excellence for the benefit
of humanity, with more than 430,000 members in over 160 countries. Through
its highly cited publications, conferences, technology standards, and
professional and educational activities, the IEEE is the trusted voice on a
wide variety of areas ranging from aerospace systems, computers, and
telecommunications to biomedical engineering, electric power, and consumer
electronics. Learn more at http://www.ieee.org.
About GES
Global eSolutions (HK) Limited (“GES”) is a global
leading IT service provider dedicated in financial technologies for more than
10 years. GES empowers financial institutions with algo-trading capability,
advanced risk management and FIX bridging solutions. GES fully covers the needs
of the on-floor trading and OTC markets, with value-added services ranging from
IT technical support, system integration, bespoke software and network
infrastructure development to hosting services. With GES technologies, financial
institutions are able to overcome the challenges of risk management, position
management, liquidity source and trading across different financial instruments
in a single platform. GES’s well established partnering with top-tier financial
institutions and prime brokerage firms can fulfill customers’ needs of
liquidity and market depth. GES ensures the highest level of certainty and
satisfaction through comprehensive industry expertise and a deep-set commitment
to customers.