The First Computational Finance Competition (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) is officially kicked
off. The Competition is held for students from universities in Hong Kong 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. Stage 1 of the Competition for algo development and testing is now in
progress.
During the Competition, all participants are required to use
the Auton trading platform provided by GES for algo development and backtesting
with historical data in stage 1. The participants will execute virtual trading by live data on
the platform in stage 2 during 3 July to 11 August 2017. Every participant will
use algo strategies to trade on CFDs of 50 Hang Seng Index Constituent Stocks and
several major indices with a simulated capital of HK$1 million.
Participants will have a chance to win the prize of up to
HK$8,000 and half-year free usage on the GES Auton Software. At the end of the
Competition, participants with the “Best Overall Return” and “Best
Risk-Adjusted Return” will be the winners. Top two teams of each category will
be awarded the Champion and First Runner-up respectively. The Champion will be
presented with book coupons of HK$3,000 and a cash prize of HK$5,000, while the
First Runner-up will be presented with book coupons of HK$2,000 and a cash
prize of HK$3,000. A “Weekly Best
Return” award will also be presented to each weekly winner who gains the
largest positive profits by each week during the competition period, including 6
winners in total. Each weekly winner will be presented with HK$300 book coupon
as the reward.
Dr. Vincent
Tam, Chairman of IEEE (HK) CI Chapter, said, “Students’ overwhelming response to the
Competition shows their keen interests in algo trading. It is hoped that students
can grasp this opportunity to put investment theories into practice and gain
valuable experience of trading simulation in the real
investment world.”
Mr. Ken So, Senior Quantitative Developer of GES, said, “We are glad that the academia in Hong Kong has responded enthusiastically to the Competition. As one of the pioneers in development of quantitative finance in Asia, GES has dedicated to promoting the application of computational intelligence in the financial industry for years. The Competition is definitely a good channel to nurture the next generation of Fintech talent and promote the development of Fintech in Hong Kong investment market.”
Auton serving as the virtual trading platform in this
Competition is a true 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. 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.
For more details and competition ranking which will be
updated each week, please visit: www.ges.com.hk/20170703.
About the
First Computational Finance Competition
The First 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 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, 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 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.
