Algorithmic Crypto Trading Contest Held Between Cambridge And Oxford

APEX: E3 stands as a multi-asset analytics provider, and has made a new announcement. This announcement pertained to a competition of algorithmic crypto trading to be held between students of two prestigious universities: The University of Cambridge and the University of Oxford.

One Month To Make The Most Money

As the official announcement stipulated, the contest itself was launched on the 16th of November, 2020. Fifteen teams of both universities’ Mathematics and Computer Science departments were invited to the occasion, set to participate in an algorithmic crypto trading competition spanning a month. As for the exact terms, both teams will be using an APEX: E3 API provided to them, constructing algorithms and executing trades on both FTX and CoinbasePro.

The competition was sponsored by APEX: E3, further providing technical support, API, seed capital, and trading mentorship to the students at large. The contest itself will reach its conclusion in December, with the students being evaluated through a panel consisting of the top leaders in the industry.

The Mandatory Kind Words

Usman Khan stands as APEX: E3’s CEO, and gave comment about the competition as a whole. He stated that the team was eager to provide interested students currently in lockdown with extra-curricular activities, real-world learning opportunities, and analysis of the financial market.

Khan explained that the sheer response from students both at Cambridge and Oxford has really energized the firm, with the team being eager to expand the number of universities partaking in, and the scope of, the competition set to take place next year.

As for how the university teams will be evaluated, a key criterion is their return on investment, with crypto trading strategies and algorithmic design accounting for their scores as well. APEX: E3 explained that a number of strategies could be formed, be it based on trend investing, arbitrage, or predictive analysis through machine learning.

The official announcement explained that everything from ARMA to whale order trading was up for grabs through the use of high-frequency momentum trading and deep learning models on these volatile assets.

Big Potential For The Students

Professor Mike Wooldridge stands as the University of Oxford’s Head Of the Computer Science Department, and gave comment about the matter at large. He explained that this would provide students with a unique opportunity to explore new research partnership opportunities, with the chance being given to academic staff, as well.

Time will tell how successful this competition will be, but it seems that APEX: E3 is eager to make this an annual mainstay. These students taking part in the scheme will also gain recognition through doing so, making a small name for themselves in the crypto space.