As reported by finextra.com on Nov.25, the students from the Mathematics and Computer Science departments at both universities have been invited to take part in the month-long Algorithmic Trading Competition.
According to the announcement, the 15 teams will use the APEX:E3 API to build algorithms and execute spot market trades on CoinbasePro and FTX. The competition launched on 16th November and will conclude in December 2020.
The trading strategies employed include arbitrage, predictions based on machine learning and neural networks, and trend investing based on time-sequence forecasting. Only the winning team will keep their seed capital and profits.
Crypto exchanges Coinbase, FTX, SIX Digital Exchange, and LMAX Digital and ConsenSys have also partnered to support the competition.
Professor Mike Wooldridge, Head of Department of Computer Science, University of Oxford, said:
“APEX:E3, has devised a unique challenge to apply students’ knowledge to real-world applications, leveraging the understanding and application of AI in financial institutions. We are pleased to have APEX:E3 as an industry affiliate and are excited to see how the competition unfolds over the coming weeks.”
Dr. Quentin Stafford-Fraser, Department of Computer Science, University of Cambridge, said:
“APEX:E3 has created a fun and risk-free way for students to learn about the [algorithmic trading] industry and bring their creativity and expertise to bear on the particular challenges of this domain.”
APEX:E3 CEO, Usman Khan, noted that the firm wants to make the tournament an annual event, adding he hopes to expand the number of participating universities in the next year.
