Hong Kong –August 15, 2018–Following the success of last year’s First Computational Finance Competition, the Second
Computational Finance Competition (“Competition”) which are jointly organized
by Hong Kong based Global eSolutions (HK) Limited (“GES”), a leading financial
trading solution provider, and the IEEE (Hong Kong) Computational Intelligence
Chapter (“IEEE (HK) CI Chapter”), are now accepting registration from students
of local tertiary institutions from 6th August
to 5th October 2018.
The organizers will continue to nurture algo trading talents
and foster the pursuit of algo trading among academia in Hong Kong by
organizing the Competition that allow students to apply their algo trading
techniques in daily lives. During the Competition, all participants are
required to use the Auton,a trading terminal provided by GES, for algo
development, backtesting with historical data as well as virtual trading with
live data. Each participant can enroll either as an individual or as a team with
no more than 2 team members. Every participant will use algo strategies to
trade on all HKD securities which are listed on the Main Board of the Stock
Exchange of Hong Kong with a virtual money of HK$10 million.
Students can register for the Competition from 6thAugust
to 5th October 2018 via the Competition website: www.ges.com.hk/SecondComputationalFinanceCompetition.Through the
Competition, students will gain rewarding experience of using a real
algo-trade platform to invest, as well as a chance to win fabulous prizes. At
the end of the Competition, the top three winning participants with the “Best
Overall Return” and “Best Risk-Adjusted Return”, which is the Champion,
the First Runner-up and the Second Runner-up in each category will be awarded with
shopping vouchers of HK$1,500, HK$1,000 and HK$500 respectively.
Dr. Jean Lai, 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”),and the wonderful working experience
with GES, the Second Computational Finance Competition will be held again this year. 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 simulation trading in the real investment world.”
Mr. Ken So, Senior Quantitative
Developer of GES, said, “GES is a Hong Kong-based financial trading
solution provider dedicated to the financial technology industry for more than
10 years, and we are one of the pioneers in the development of quantitative
finance in Asia. Auton is a true multi-asset trading terminal which supports FX,
Bullion, CFDs,Options and Equities. Its built-in algo trading kit allows
traders to deploy existing trading strategies or script their own one in the trading
terminal. 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. The Competition is definitely a good
channel to nurture the next generation of talent in computational
finance/algo-trading and promote the development of Fintech in Hong Kong
investment market.”
About the Second
Computational Finance Competition
The Second Computational Finance Competition is organized
by Global eSolutions (HK) Limited (“GES”) and IEEE (Hong Kong) Computational
Intelligence Chapter (“IEEE (HK) CI Chapter”), which invite 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 the vision to promote the use of computational
finance/algo-trading in the area of finance, identify algo trading talents at
top universities and boost the technology development in Hong Kong financial market.
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, 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 Hong
Kong-based financial trading solution provider dedicated to the financial
technology industry for more than 10 years, serving customers mainly in Asia
Pacific region, such as Hong Kong, Japan, Malaysia, Indonesia and Australia.
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 financial
institutions and 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.
–
ENDS –
For more information,
please contact:
Ms.
Sammi Li
Global
eSolutions (HK) Limited
Tel:
+852 3412 3636
Fax:
+852 2851 0017
Email:
mkt@ges.com.hk