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 accordance with a Nov. 25 announcement, the 15 groups might be assessed on their buying and selling methods, the technical design of their algorithms, and their total return-on-investment. The competitors launched on Nov. 16 and can run till Dec. 16.
The methods employed embrace arbitrage, predictions primarily based on machine studying and neural networks, and pattern investing primarily based 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 successful staff will maintain their seed capital and earnings.
Crypto exchanges Coinbase, FTX, SIX Digital Trade, 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 manner for college students to be taught in regards to the [algorithmic trading] business 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 develop the variety of collaborating universities in 2021.