About Us
Welcome to the Algo Trading Challenge 2021 (Singapore).
Ideate your trading algorithms, test on a robust back-testing platform, and compete to make a name for yourself! Gain professional industry knowledge and practical skills to prepare yourself as the next-gen algo-trading professional.
This Challenge is open to public. Create teams of 1~4 members with diverse skills (maths, statistics, finance, coding, presentation) and register by 31 Jul 2021.
Best Sharpe
Registered teams of 1-4 members will prepare a short trading proposal consisting of:
• Executive summary
• Trading idea description/logic
• Team biography
• Trading algorithm code
Trading algorithms are coded and tested on ALGOGENE’s back-testing engine before submission
Submission deadline: 12 Sep 2021
Award announced: 23 Oct 2021
** 6 outstanding teams will be selected to participate in the final round to fight for Best Strategy Design.
Best Market Return
Each team will submit one set of API key from an IG live account for live test
Algorithm will start to run in live market from 22-Sep-2021 2pm to 21-Oct-2021 2pm
Submission deadline: 14 Sep 2021
Award announced: 30 Oct 2021
** 6 outstanding teams will be selected to participate in the final round to fight for Best Strategy Design.
Best Strategy Design
12 selected teams will present their trading plan to judges in a 5-minutes pitch session to fight for the Best Strategy Design on Final Day.
• Team biography
• Trading strategy
• Trading logic
Judges will annouce winners in each of these categories:
• Best Sharpe
• Best Market Return
• Best Strategy Design
Final Day: 30 Oct 2021
Parties
In Collaboration:
Event Sponsors:
Media Partner:
Co-organisers:
Result
The final result of the Algo Trading Challenge 2021 (Singapore)
Best Live Return: trading period 22/9/2021 - 21/10/2021
Best Sharpe: 1-year out-sample forward test 1/1/2020 - 31/12/2020
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Schedule
Awards
There are 3 award categories: (A) Best Sharpe (B) Best Market Return (C) Best Strategy Design.
The winning teams from each category will be entitled to:
Free Subscription of Back-testing Engine
All prize winners will get 1-year free subscription of ALGOGENE's back-testing platform
Free Subscription of AI Robo-advisor
All prize winners will get 2-month free subscription of AI robo-adivsior, AO Summit from Finbot Limited
Internship / Full-time Employment Opportunities
All prize winners may have a chance to have internship / full-time employment from the Organisers
Join Algo Challenge Association (ACA)
All prize winners will connect with algo fund managers and industrial professionals in Algo Challenge Association (ACA)
Resources
The dataset provided includes tick level bid-ask updates for normal trading day from Jan 2010 to Dec 2019. Kindly note that data provided is strictly for trading strategy prototyping purposes only. Final round evaluations will be carried out using a new data set with the same structure but from a different time period. Thus, over-fitting of the data set is discouraged.
Datasets
Provide access to required historical data for model development and testing
• Market data
• News
• Economic Statistics
System
Access to ALGOGENE's back-testing engine, cloud simulation environment and relevant technical documents
Judging Criteria
Best Sharpe
A good strategy does not only need to be profitable, but it is also important to take care of the risk management.
• Trading algorithm will be submitted and ALGOGEN's trading system will back-test the strategies.
• The team with the highest Sharpe will win this award.
Best Market Return
A good return is the primary goal of every algo trading strategy.
• For the live simulation, each participating group will be setting up live account to test the trading strategies of teams to ascertain outcomes.
• The team with the highest return in one month live paper trade will win this award.
Best Strategy Design
Participants' knowledge and skills in developing the best algo trading strategy that demonstrated the following:
• Trading Strategy Logic: reasonable return, manageable risk, stability and predictability;
• Creativity: innovative use of statistical models, parameters, forecasting methodology or interpretation of data and novel ideas based on existing theory and models; and
• Execution Potential: a realistic strategy and full consideration of factors including capital, trading time, market impact and risk management.
Rules
- This Challenge is open to public.
- Each individual contestant is only allowed to be in one team.
- Each team must elect one representative to liaise with the organizers.
- All entries must be the original work of the contestant team. Any form of plagiarism is prohibited and the contestant team will be disqualified from the Challenge.
- Each individual contestant is required to sign a Non-Disclosure Agreement with the organizers.
- Finalists must present valid ID cards and provide a copy for verification.
- The judging panel’s decision of the Challenge results is final. The organizers reserve the right to the final decision in all other areas.
- An online briefing session will be arranged in June-2021 to answer any inquiries about the Challenge.
FAQ
Q: If a person is overseas, can he/she still join the competition via zoom or to be in Singapore physically?
A: As this contest will take place via Zoom, overseas participants are still able to join the contest. Online or Physical Award Ceremony on the Final Day will be arranged according to Covid-19 situation.
Q: What are the Awards?
A: There will be 3 winning teams for each category (Best Sharpe, Best Market Return, Best Strategy Design). Winning teams would be receiving cash prices and winner kit during the award ceremony.
Q: How do teams receive their award if they are overseas.
A: Representative of the team will receive their award by mail. Winner kit will be sent in a courier box by special delivery or express mail services depending on your country.
Q: Is it possible to be the winning team for all 3 categories?
A: Teams would have the chance to compete in all 3 categories (Best Sharpe, Best Market Return, Best Strategy Design). Top 3 teams would be selected base on the judging criteria for each category.
Q: Will every individual participant required to submit API Key?
A: Participating teams would only need to submit one set of API Key. For more information on the API key, please visit https://www.ig.com/sg/trading-platforms/trading-apis.
Q: Who should we contact if we have problems opening the live (demo) account for the purpose of the algo challenge?
A: Please contact us at +65 6909 5923 or drop us an email at info@tradingplc.com.
Q: Are participants required to run algorithm in live market?
A: To compete in the Best Market Return category, each team would only need to submit one (1) set of API Key by 14 September 2021 to allow algorithm to sync up with the live market from 22nd September 2021 to 21st October 2021.
Q: Is the competition restricted to Singaporean only?
A: Singapore Algo Challenge is a Singapore based competition. The objective of this competition is to explore and identify the talent in this advancing industry of trading and algorithmic. Thus, foreign talents are welcome to participant. Participants are to be fully responsible for and aware of individual’s country’s regulatory standards.